- Blue Streak by Premia
- Premia Blue Trading Competition is Live
Premia Blue Trading Competition is Live
Compete to earn your share of the $100k prizepool and 800k ARB incentives!
Wassup, Anon? Premia Blue’s Trading Comp is back and the stakes are higher than ever!
Compete against fellow options savants for a total prize pool of $100k by trading options on Premia and participating in weekly incentivized activities from December 8th to January 31st.
Join the Premia Discord if you have any questions about the TC! Remember, there are no stupid questions.
Keep reading for all the details!
Trading Competition & Rewards
Don’t forget to complete The Blue SZN quests for extra rewards!
The rules are simple, Anon — options trading on Arbitrum with a different criteria announced each week.
The faithful and hard-working shall be rewarded… Are you ready to win, Anon? Here are the details:
Trading Competition Details:
Trading Competition from December 8th to January 31st
Each week, there will be a new set of criteria — be it selling options, options PnL, or racking up trading fees
These criteria will be tracked within the leaderboard or dune dashboard to be provided, which may change each week
The top 5 traders of each week will be rewarded
6k ARB and 6k PREMIA tokens up for grabs each week
This system is meant to reward active participants without leaving anyone out or making it a whales game. Even if you’re fashionably late, you’ll still be able to join the party each week and stack up on the leaderboard!
Additionally, options traders, vault depositors, and wannabe market makers will be incentivized throughout the Trading Competition:
Range Order & Orderbook ARB rewards:
Users will be incentivized for secondary market activity on Premia Blue.
Total of 200k ARB (25k ARB distributed each week)
First Distribution Dec 19th
Criteria: Buy and Hold a long option (vault underwriter excluded)
Orderbook and Range Order types only
Tracked from Dec 8th to Feb 2nd
Rewards are weighed based on open interest & days to expiration
An example can be found here
Our in-house built Range Order bot was recently released to the public — go take it for a test ride and nab yourself some ARB rewards! If using the range order bot, tracking will only begin once you have withdrawn liquidity and the wallet holds a long option (ERC 1155).
Strategy Vault ARB Rewards:
Total of 600k ARB
Distributed pro-rata to vault depositors (started in November) until January 31st
All vaults on Premia Blue are currently incentivized
Earn 50% of referral fees from Dec 8th to Jan 31st
Grab your share of the $100k prize pool on Premia Blue!
Premia Blue is the first non-custodial options settlement layer with fully customizable options parameters and risk exposure.
Have any questions? Hop on the Discord and ask!