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The Zeta DEX

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Introduction to Derivatives

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Trading Sweepstakes - Season 1

Weekly trading sweepstakes on the Zeta DEX!

Every week any trader on the Zeta DEX that meets certain criteria are eligible for that week's sweepstake.

Eligibility Criteria

- Must trade at least 5 contracts on Zeta Mainnet - Please note that 1 option or 1 future == 1 contract. Trades must be *executed* - placing an order is *not* sufficient.
- Must follow any instructions shared in Announcements on the Zeta Discord

Sweepstakes Mechanics

- Each sweepstakes follows a lottery mechanic with a ticketing system
- Each contract traded on the Zeta DEX is equal to 1 ticket
- At the end of each week, tickets are entered into a draw for that week's prize; naturally, the more tickets a user has, the higher their chances are of winning. Let's take a look:
- Bob traded 5 contracts
- Alice traded 50 contracts
- In this scenario, Bob has 5 tickets & Alice has 50 - Alice has a ~91% (50/55) chance of winning the prize!

- We will post regular updates in our #Sweepstakes channel on Discord: [link]

Grand Prize Mechanics

What is the grand prize? [redacted]! Please note that a [redacted] will need to happen in order for prize to be claimed.

- Tickets are cumulative & count towards the grand prize provided a user has at least 75 tickets (75 contracts traded!)
- Multipliers:
- Users in the top 30% of ticket holders have a 2x multiplier to their ticket balance
- Users in the next 30% of ticket holders have 1.5x multiplier to their ticket balance
- Users in the next 40% of ticket holders have a 1x multiplier to their ticket balance

Percentile Rank

Multiplier

60.01 - 100.00

2x

30.01 - 60.00

1.5x

0 - 30.00

1x

- Let's take a look at an example
- Bob has 5 tickets and is in the 75th percentile: Bob's multiplier is 1 so they keep 5 tickets (5 *1)
- Alice has 50 tickets and is in the 8th percentile: Alice's multiplier is 2 so they have 100 tickets (50 * 2)!
- Each week we will publish the cumulative leaderboard here: [link tba]

Weekly Prizes

Date(s)

Prize(s)

Status

18/05 - 27/05

3 winners - $250 USDC each

Concluded

27/05 - 10/06

Orcanaut NFTs

Concluded

10/06 - 17/06

3 winners - $250 USDC each

Concluded

17/06 - 24/06

3 winners - $250 USDC each

Concluded

24/06 - 01/07

3 winners - $250 USDC each

Concluded

01/07 - 08/07

3 winners - $250 USDC each

Concluded

08/07 - 15/07

- 3 winners - $250 USDC each
- Grand Prize Winners!

Concluded - winners announced 18/07

Entry Form

Last modified 25d ago