Competition

Last updated 9 months ago

Competition

HUX aims to bring trading fees on the decentralised perpetual exchange to a level that is competitive with the trading fees of the VIP tiers of leading centralised exchanges. Lower trading fees will encourage traders to move on-chain, helping to convert CEX users to DEX users.

Traders receive rebates of up to 75% of trading fees on opening & closing positions across all HUX V2 crypto markets on Arbitrum
These fee rebates can add up to cover almost the total cost of HUX's base trading fees, when combined with a HUX referral-code fee discount (though never more than that).
Not all trades may be equally incentivised, as the goal is to incentivise optimal utilisation rather than pay for trading activity.
Trading incentives will be paid out against all qualifying trades during the weekly epoch.
The trading fee rebate will be airdropped as ARB tokens on a pro-rata basis, at the end of each epoch. Please note that there is a threshold of 0.1 ARB to qualify for the rebate airdrop.
Total trading fee rebates will be capped during every epoch. If the rewards cap for the epoch has been reached, the actual rebate could be less than the maximum rebate percentage of 75%.

The substantial fee reductions offered by HUX allow traders to trade on-chain without having to custody their funds, while still enjoying an effective cost comparable to VIP tiers from leading centralised exchanges.

The program will be reviewed and may be adjusted to optimise the goal of showcasing the HUX trading experience. This is crucial for our integration partners who rely on these on-chain markets, as well as the growing group of power, casual and institutional traders coming on-chain.

As with all campaigns, this program will be monitored for fair play. At the sole discretion of the HUX Grants Committee, participants deemed to abuse the program's intent may not receive rebates/incentives.

Competition rules:

There is no need to sign up for the competition: all trades on HUX V2 on Arbitrum during the competition period will automatically qualify.
Trades already open at the start of the competition period will count towards capital used.
Capital used is the total collateral used for all open positions at once. Profits earned, and reusing collateral from your prior trades during the competition to reinvest in opening new positions, will not increase your capital used. The minimum capital a trader is required to use to be eligible for both the Top PnL ($) and Top PnL (%) competition categories is $500.
Profits are counted on partially or fully closed positions, including the value of open positions at the competition deadline.
If you are trading directly with the HUX Contracts, trades should be possible based on the interface at
Capital Used, Profit, and Loss, will all be calculated in USD
The competition funders reserve the right to disqualify any address at their sole discretion, in case violations of ‘Fair Play’ and/or trading activity are identified that do not follow the intent of the contest—including multi-account trading or manipulating markets to achieve specific results.

PreviousTrading on V2 NextReferrals

Last updated 9 months ago

Traders receive rebates of up to 75% of trading fees on opening & closing positions across all HUX V2 crypto markets on Arbitrum
These fee rebates can add up to cover almost the total cost of HUX's base trading fees, when combined with a HUX referral-code fee discount (though never more than that).
Not all trades may be equally incentivised, as the goal is to incentivise optimal utilisation rather than pay for trading activity.
Trading incentives will be paid out against all qualifying trades during the weekly epoch.
The trading fee rebate will be airdropped as ARB tokens on a pro-rata basis, at the end of each epoch. Please note that there is a threshold of 0.1 ARB to qualify for the rebate airdrop.
Total trading fee rebates will be capped during every epoch. If the rewards cap for the epoch has been reached, the actual rebate could be less than the maximum rebate percentage of 75%.

Competition rules:

There is no need to sign up for the competition: all trades on HUX V2 on Arbitrum during the competition period will automatically qualify.
Trades already open at the start of the competition period will count towards capital used.
Capital used is the total collateral used for all open positions at once. Profits earned, and reusing collateral from your prior trades during the competition to reinvest in opening new positions, will not increase your capital used. The minimum capital a trader is required to use to be eligible for both the Top PnL ($) and Top PnL (%) competition categories is $500.
Profits are counted on partially or fully closed positions, including the value of open positions at the competition deadline.
If you are trading directly with the HUX Contracts, trades should be possible based on the interface at
Capital Used, Profit, and Loss, will all be calculated in USD
The competition funders reserve the right to disqualify any address at their sole discretion, in case violations of ‘Fair Play’ and/or trading activity are identified that do not follow the intent of the contest—including multi-account trading or manipulating markets to achieve specific results.