Trading Competition Overview
Exclusive 1 of 1 NFTs & 150,000 DAI in Prizes
To kick off the the introduction of the Premia v2 platform, The Premia team is hosting a behavioral stability audit in the form of a trading competition! The competition will give participants a hands on first look (and use) of our new Options AMM, Pro Vaults (Pools), cross-DEX Swap feature, simplified staking UI, and Positions dashboard.
The purpose of the trading competition is to better understand how the system performs with real users acting under real incentives before Premia is launched on mainnet.
Who’s Eligible? 🏆
Whitelisted addresses include:
- Badger DAO airdrop list: (https://github.com/Badger-Finance/badger-system/blob/master/merkle/airdrop.json) -
- Uniswap sybil-list: (https://github.com/Uniswap/sybil-list)
- Stake DAO airdrop list: (https://github.com/StakeDAO/airdrop/blob/main/gr8_addresses.csv)
- PREMIA Diamond Hands airdrop list & Premia PBC participants
List of Token Holder addresses included:
- Current $Premia holders
- Current $Hegic holders
- Current $Siren holders
- Current $Matter holders
- Current $ROPE holders
If you’re an experienced options trader or have contributed meaningfully to the Premia community and would like to be included, please reach out to a team member via Discord.
How Long Will the Competition Last ?
The trading competition will take place beginning on June 23rd at 17 UTC and conclude 20 days later on July 12th at 17 UTC. With the competition acting as a key component of our system’s audit, we wanted to ensure ample amount of use to the system before concluding the competition and moving to mainnet.
In case a technical exploit is found, it should immediately be reported to the Premia team to win custom, event specific NFT rewards. Returns achieved via bug exploitation will be disregarded, at the discretion of the Premia team. For more information, read our T&Cs.
What’s the Objective ?
The objective — maximize your return over the 20 days the competition is live. All participants are given equal amounts of starting test tokens, that they can use to:
- Underwrite option pools
- Purchase options
- Exercise in-the-money options
- Swap between test assets
Which Assets will be tradable ?
The trading pools for the competition will be $wBTC, $ETH, and $LINK as decided by community vote.
The vote was decided in proposal #QmYd56u: https://gov.premia.finance/#/premia.eth/proposal/QmYd56uZVt7afhKLmop3hR8A8E8gjVWwW3zEvitWtuJaPX
Which Placements Will Receive Prizes ?
The prize pool denomination was decided in a community vote via proposal
#Qmav33W: https://gov.premia.finance/#/premia.eth/proposal/Qmav33WUEh3H2yS5RuA6wMpAbXgdPmEDmpxfXpUc9CF6ub
The 150k in $DAI (decentralized stablecoin) will be distributed as follows:
- 1st Place: $100,000 in DAI
- 2nd Place: $35,000 in DAI
- 3rd Place: $15,000 in DAI
We’re excited to see thousands of you join in to help test the new v2 of Premia and take your chance at winning one of the three prizes above.
Good luck, and happy trading!
