OI & TVL Points

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Ready for some turbocharged action? To celebrate our latest addition of variable points for Open Interest (OI) and Total Value Locked (TVL), we’re kicking off a killer campaign just for you: HODL Szn.🚀🔥

But hold your horses first, let’s talk about the variable points rewards for weekly OI and TVL that we recently added into the mix. Here’s the lowdown:

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Open Interest ("OI") Points

- Earn: 10 points per week per $1,000 in OI on the platform ($10M OI cap per user).

- How It Works: Distributed based on your average open interest across all open positions.

Total Value Locked ("TVL") Points

- Earn: 20 points per week per $1,000 in TVL held on the platform ($1M TVL cap per user).

- How It Works: Distributed based on your average TVL held on Paradex.

For the technical folks out there, take a deep dive here into our points overview doc 

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HODL Szn

Now, here’s the exciting part. To celebrate these new additions, we’ve launched the HODL Szn, where you can earn a massive 5x boost on your OI Points! Here’s how it works:

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1. Go Long or Short: Open positions on any markets (except BTC/ETH).

2. Hold Your Positions: Keep your positions open to earn the points.

3. Earn Points: Earn 5x OI Points on up to $250k of OI.

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Points Boost Calculation

- Period: Points boost are calculated from Thursday to Wednesday.

- Distribution: Points are distributed into your accounts every Friday.

HODL Szn will be available from 6 June to 3 July 2024.

So, what are you waiting for? Dive into the HODL Szn, hold your positions, and watch your OI Points soar. Happy trading, Degens! Let’s make this season legendary. 🚀

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Fineprint 😏

• Each wallet is eligible for a 5x OI points boost on open positions across all markets except BTC and ETH
• Boost is capped at $250K OI per wallet (you'll continue to earn above this cap at the normal 10 points per $1000 rate)
• For more info on OI points calculation, take a deep dive here
• HODL Szn is open to all, except Restricted Persons

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