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Base Trading Competition

We're kicking off an exclusive, limited-time trading competition to celebrate our launch on Base—rack up points, win cash rewards, and compete for epic prizes! Whether you're an options expert, LP, or just getting started, this is your moment to get rewarded for trading.

Anyone can join—just trade in the designated ETH/USDC 5bps v4 market on Base to participate. The highest PnL and volume will be awarded, but there is more than one prize to win.

Minimum deposit: $100
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You’re welcome to deposit more than the minimum required. Just keep in mind that a higher deposit means you'll need a higher percentage return to rank competitively.

If you withdraw any collateral during the competition, your performance will still be evaluated based on the maximum, cumulative amount of funds you had deposited during the event. This ensures fair comparison across all participants.

Prizes
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Total Prize Pool
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  • Pips: 5,000,000+ Pips
  • USDC: $5000
  • Bonus: Jumbo 23” plushie

Highest PnL % (Top 50)
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  • 🥇 1st place: 1,000,000 Pips + $1,400 USDC
  • 🥈 2nd place: 500,000 Pips + $700 USDC
  • 🥉 3rd place: 250,000 Pips + $400 USDC
  • 4th–10th: 100,000 Pips + $100 USDC each
  • 11th–20th: 50,000 Pips + $50 USDC each
  • 21st–50th: 25,000 Pips each

Highest Volume (Top 3)
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  • 🥇 1st place: 1,000,000 Pips + $700 USDC + jumbo plushie
  • 🥈 2nd place: 500,000 Pips + $400 USDC
  • 🥉 3rd place: 250,000 Pips + $200 USDC

Good luck, and may the best trader win!

Timeline
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Start Date: May 5 at 17:00 UTC
End Date: May 19 at 17:00 UTC
Duration: 2 weeks total

How to Participate
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1. Head to the Panoptic app
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Launch the Panoptic app and switch your network to Base.

2. Open the ETH/USDC 5 bps Market
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Tap “Markets” and select the ETH/USDC 5 bps v4 pool.

Click ‘Trade’.

3. Deposit ETH and USDC
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Hit the Deposit button. Enter the amounts of ETH and USDC you want to add (minimum $100 total). Make sure to deposit a little bit of both tokens for a smoother trading experience. Confirm in your wallet to fund your competition balance.

4. Select a strategy
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Click “Strategies” and pick the style that fits your market view:

  • Bullish (e.g. long call)
  • Bearish (e.g. long put)
  • Neutral (e.g. strangle)

Tap your preferred strategy and review the projected payoff chart.

5. Open a position
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Adjust strike price, timescale, and contract size. Check fees and risk parameters. Hit Review Position and confirm in your wallet.

6. Monitor the leaderboard
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Head to the Leaderboard tab and click ‘Competition’. Track your rank under PnL % and Volume columns over the two‑week event. You can open multiple positions and close old ones to increase your score. Your final PnL % standing is based on gains on your cumulative deposits. Your volume standing is based on the size and frequency of trades placed.

For more information on how to open a position, close a position, and manage your trades on Panoptic, visit our docs.

How to Get ETH or USDC on Base
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Fund Your Wallet
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  • You can send ETH from your Coinbase account to fund your Base wallet

Bridge to Base
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  • Use the official Base bridge: https://bridge.base.org
  • Bridge ETH or USDC from Ethereum mainnet to Base
  • Use Uniswap:
    • Connect your wallet
    • Under ‘Sell’, select ETH or USDC
    • Under ‘Buy, choose ETH or USDC (select ‘Swap across networks’ and choose the asset with the Base logo)

Disclaimer: Panoptic provides these external links and sources for your convenience. However, it's crucial for users to independently verify all sources and information. Please be aware that Panoptic is not responsible for the verification of external sources or the security of external platforms. Users should exercise caution and are solely responsible for their actions; Panoptic is not liable for any loss of funds or other damages incurred as a result of using these platforms.

Technical Details
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Eligible Markets: ETH/USDC 5bps v4 (Base market)
Chain: Base
Minimum Deposit Size: $100 (combined amount in USDC and ETH, e.g. depositing $50 of USDC and $50 of ETH would qualify)
Reward Distribution: $5,000 in cash prizes, over 5 million Pips, and a giant 23″ plushie!

Join the growing community of Panoptimists and be the first to hear our latest updates by following us on our social media platforms. To learn more about Panoptic and all things DeFi options, check out our docs and head to our website.

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