Synthetix Perps V3 Base Testnet Trading Competition

We are thrilled to announce the Synthetix Perps V3 Trading Competition, beginning next week, October 2nd, on Base Testnet! For this event, we’ve partnered with two frontend integrators, Kwenta and Polynomial, to bring a testnet trading experience to our ecosystem.

As part of the competition’s launch, Synthetix is offering a generous prize pool of $15,000 worth of SNX, 15 Kwenta tokens, and exclusive NFTs thanks to the SNX grants council.

Synthetix Perps V3 Testnet Trading Competition Details:

The competition will begin on October 2nd. The winners will be selected based on their trading performance, with the highest returns taking the largest rewards:

1. 1st place: $5,000 SNX + 5 Kwenta tokens
2. 2nd place: $2,500 SNX + 4 Kwenta tokens.
3. 3rd place: $1,000 SNX + 3 Kwenta tokens.
4. 4th place: $500 SNX + 2 Kwenta tokens.
5. 5th place: $500 SNX + 1 Kwenta tokens.
6. 6th-10th place: $500 SNX.

There will be other rewards handed out to select trade actions that will be announced after the competition.

How to Participate in the Trading Competition:

1. Navigate to the Synthetix Perps V3 trading integrators on either Kwenta or Polynomial.
2. Connect your wallet to Base Goerli testnet (https://chainlist.org/chain/84531).
3. Place trades between October 2nd and October 15th.
4. Winners will have their prizes distributed at the end of the competition period.

Bug Bounty Prizes:

Synthetix will be paying bug bounties based on the levels set on Immunefi, but discounted by 90%.

Smart Contract

1. Critical - $1,000-$10,000
2. High - $5,000
3. Medium - $1,000

Webapp

1. Critical - $300-$3,000
2. High - $1,000

Learn more about the Synthetix Bug Bounty Program on Immunefi: https://immunefi.com/bounty/synthetix/

Competition Scoring

The primary leaderboard will be calculated by traders’ PnL.

Competition Rules

No transferring balances between wallets or trading accounts. Any transfers of collateral will disqualify your address from the rewards pool.

Traders can trade at any time between the start date of October 2 and the competition end date of October 15th. Official start and end times will be announced and updated closer to October 2nd.

To prevent sybiling, we have removed addresses from the original signup forms with duplicate emails, discord handles, or network IDs at signup.

Synthetix Perps V3 Mainnet Release

The Mainnet release of Synthetix Perps V3 is projected for the subsequent months, offering the full suite of Synthetix V3 features. Stay connected with our community on the Synthetix Discord, as well as through Twitter.