Join The Syndicate: Defx Launches 50,000 USDC Trade-to-Earn Competition

Trade to earn campaign on Defx

Defx is thrilled to announce the launch of "The Syndicate" - our exclusive trade-to-earn competition designed to reward active traders on our platform. With a substantial prize pool of 50,000 USDC distributed over 60 days, this competition offers traders at all levels the opportunity to earn rewards simply by doing what they do best: trading.

The Syndicate program represents our commitment to building a vibrant, active trading community while rewarding those who contribute to our ecosystem's liquidity and growth.

The Syndicate Program: Overview

The Syndicate is Defx's trade-to-earn competition that rewards active traders based on their trading volume. The program uses a straightforward approach: participants earn rewards proportional to their contribution to the platform's taker volume.

Participants compete for a share of the 50,000 USDC prize pool while trading on Defx's infrastructure, which features sub-millisecond execution, multi-chain settlement, and yield-generating vaults. The competition runs for 60 days with rewards distributed based on each trader's percentage of the total taker volume. How The Competition Works

Competition Period

The Syndicate competition will run for 60 days starting on 18 June, 11:00 AM UTC and ends 17 August 2025, 11:00 AM UTC.
Giving traders ample time to accumulate volume, stack points and climb the ranks.

Taker Volume Only

Importantly, only taker order volume counts toward your competition metrics. Let's clarify what this means:

• Taker orders are those that immediately match with existing orders in the order book, effectively "taking" liquidity from the market. These include market orders and limit orders that immediately match with existing orders.

• Maker orders are limit orders that don't immediately match and instead sit in the order book, providing or "making" liquidity for others. These orders will not count toward your competition volume.

This focus on taker volume ensures a fair competition that rewards active trading rather than passive order placement.

Eligibility

All Defx users are eligible to participate.

Reward Structure

The competition features a total prize pool of 50,000 USDC, allocated based on participants' taker trading volume during the 60-day period. DEFX implements a tiered reward structure that increases the available prize pool as collective trading volume reaches predetermined thresholds:

• 0-75 million in total taker volume: 10,000 USDC prize pool

• 75-125 million in total taker volume: 20,000 USDC prize pool

• 125-150 million in total taker volume: 30,000 USDC prize pool

• 150-175 million in total taker volume: 40,000 USDC prize pool

• 175+ million in total taker volume: 50,000 USDC prize pool

This means that as our community trades more collectively, the reward pool grows for everyone. Rewards are distributed pro rata based on each participant's contribution to the total taker trading volume.

Reward Distribution

Rewards will be calculated based on your percentage contribution to the total taker trading volume. For example, if you contribute 5% of the total taker trading volume and the community reaches the 120-150 million tier (30,000 USDC prize pool), you would receive approximately 1,500 USDC in rewards.

All rewards will be distributed within 14 days after the competition ends, directly to the wallet address used for trading on Defx.

Contest page and leaderboard- app.defx.com/contests