Decentralized perpetual trading platform gTrade, developed by Gains Network, has announced the launch of its Halloween-themed trading contest, “Trick or Trade,” taking place exclusively on the Arbitrum network from October 22 to November 19.

The campaign, backed by a $400,000 prize pool, is aimed at reinforcing Arbitrum’s role as gTrade’s primary ecosystem for deep liquidity and trading activity. While gTrade maintains a multi-chain presence, this initiative underscores its commitment to concentrating liquidity around Arbitrum, where it continues to see the highest volume and user engagement.

The contest is funded directly from gTrade’s protocol treasury, following the receipt of 4.5 million ARB from Arbitrum’s STIP incentives and an additional 2.25 million ARB through STIP.B in 2024. All trades for the contest must be executed on Arbitrum using USDC as collateral.

The competition will feature two distinct tracks:

• P&L Leaderboard – $200,000 in Prizes
  Traders will be ranked by realized or withdrawn profit and loss (P&L) across all trading pairs, including Real-World Asset (RWA) and DEGEN markets. Eligible trades must be both opened and closed on Arbitrum using USDC.

• Volume Leaderboard – $200,000 in Prizes
  Participants will compete based on cumulative trading volume. A time-weighted multiplier will be applied to reward longer-held positions, encouraging strategic trading behavior.

“We designed this competition to celebrate our Arbitrum traders and continue building on the network where our liquidity is strongest,” said Nathan, Project Lead at Gains Network. “By focusing our efforts on Arbitrum, we’re creating a more efficient environment for traders and rewarding the community that has supported our growth.”

The “Trick or Trade” contest reflects gTrade’s broader roadmap to consolidate activity on Arbitrum while maintaining multi-chain accessibility for users. It also aligns with the platform’s long-term objective of delivering a seamless and efficient trading experience across decentralized networks.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

source: https://cryptodaily.co.uk