Welcome to KTX Probāre! 🎆
Introducing KTX.Finance’s first trading event on Arbitrum
Hey Rexys, we got some exciting updates for you!
We will be hosting “KTX Probāre”, our first Arbitrum trading event which subsidizes a substantial portion of trading costs and further boost incentives for our users. If you recall our Trade & Earn Season on Mantle, we offered a US$100,000 prize pool across 4 Epochs, but this time we are back bigger and better, offering over US$60,000 in prize pool across just 2 Epochs! Check out the breakdown of our Prize Pool here:
Campaign Timeline
There will be 4 Epochs to the T&E Season, each spanning a week:
- Epoch 1: 27th Feb to 4th Mar 2024, 0000hrs UTC+8
- Epoch 2: 5th Mar to 11th Mar 2024, 0000hrs UTC+8
Understanding Trade-and-Earn’s Lucrative Benefits
Here is the flow of how you can receive rebates and incentives in different ways. Your incentives will be determined by 2 criteria in each Epoch: mainly (1) Trading Volume and (2) Open Interest.
Here’s a guide on the reward calculations, with Fee rebate incentives being trading volume weighted and Open Interest Booster incentives being OI weighted per Epoch.
For instance, Epoch 1 calculations will only begin from 27th Feb and end on 4th Mar:
- Epoch Individual Trad Vol = 27th Feb tradvol + 28th Feb tradvol… + 4th Mar tradvol
- Epoch Trad Vol of all participants = 27th Feb tradvol + 28th Feb tradvol… + 4th Mar tradvol
- Trader Daily Average OI on 4th Mar = (27th Feb OI + 28th Feb OI… + 4th Mar OI) / 7 days
- Epoch Average Rolling OI of all participants on 4th Mar = (27th Feb OI + 28th Feb OI… + 4th Mar OI) / 7 days
For our $KTC stakers, we have a crazy treat for you. Not only will you be enjoying additional boost for your $esKTC yields, you will also be able to enjoy further discount of up to 30% just by staking your $KTC! That’s two awesome perks packed into one 🫡
For more information on our $KTC Staking Fee Rebates, read our previous announcement here.
There you have it, we are excited to kickoff our first major trading event on Arbitrum and look forward to seeing your trades. May the odds be in your favor!
