Dear competition participants, we have compiled the most important information for our first margin trading competition, which is scheduled to take place from February 3 to 17, 2024.

Important Dates

Registration: Open until the end of the competition

Start: February 3, 1 PM UTC
End: February 17, 1 PM UTC

Announcement of winners and payouts: February 19-25

Important Links

Announcements: 𝕏 

Support: Discord, Telegram

Web: Official Competition Page (Registration, Rules)

Statistics: Leaderboard

Entry Requirements

Registration: Sign up with your email and the wallet address used in the trading competition on the official website. 

Product: To participate in the competition, you must use 1delta Margin on Mantle using Lendle. The use of other products will not be considered for this event. 

Wallet: Use the wallet with the address provide during registration.

Minimum deposit: $20, either a new deposit worth $20+ was made during the competition or an  existing balance at the beginning of the competition exceeding $20. 

Video Tutorial

Deposit Information

• Supported deposit assets as collateral: WBTC, WETH, METH, USDC, USDT, WMNT
• Other assets can be swapped in a single transaction during the deposit process.
• Deposits can be made at any time during the competition, with subsequent deposits being accounted for in the Profit and Loss (PnL) calculations until the competition ends.

Leaderboard

• Access: 1delta Leaderboard
• Updates: The leaderboard gets updated daily.
• Personal metrics: Real-time personal performance metrics include PnL in USD, PnL percentage, and trading volume.

PnL Calculation

• The trading dashboard's side panel displays a 24h PnL, separate from the competition's metrics.
• For competition-specific PnL, ensure your wallet is connected to view your performance on the Leaderboard page.

Prizes

• The total prize pool is $10,000 paid out in USDC, additional prizes, airdrops, and rewards are accounted separately.
• Read more on the official website.

Airdrop

• $2,500 worth of LEND tokens will be shared among all valid entrants of the competition.
• Lendle’s Airdrop Rules apply.

Incentives for Early Participants

The first 100 sign-ups which enter the competition will receive 10 MNT at the end of the competition. Payouts will happen at the end of the competition.

Risk Warning