dHEDGE DAO has been working closely with both Sushi and Polygon. they have an awesome trading competition to encourage early adoption for dHEDGE V2.
$100,000 in prizes will be awarded to investors in the top 5 winning pools. The competition starts on 16th August and will run for 1 month.
One of the most critical considerations for pool managers is the notoriously expensive gas fees on Ethereum. dHEDGE V2 is kicking off with a debut on the Polygon network where fees are much more affordable. Polygon’s ecosystem has grown rapidly and is now processing over 7M transactions per day. The first protocol from this ecosystem that will be accessible for managers on dHEDGE V2 is SushiSwap. Through Sushi, Managers can utilize decentralized finance tools that make the most of your crypto assets. These are token swaps (crypto trading), liquidity providing (earn platform transaction fees for participating), and yield farming by staking LP positions for additional rewards (earn daily $SUSHI + $MATIC tokens for participating). Learn more about what these tools mean and how to use SushiSwap here
About the trading competition
$100,000 Prize money for investors in the top 5 winning pools
A manager is eligible to enter the competition by being a verified manager (on Twitter) on dHEDGE V1 or V2 and fulfilling one of these criteria:
- Manage pools with at least $50,000 TVL
- Have at least 5,000 vDHT
- Manage a pool with a Score of at least 150
Only 1 pool per eligible manager can enter the competition. The manager will enroll a pool by Tweeting using the signup on the registration page at https://app.dhedge.org/competition
Note that only investors in eligible pools will receive prizes. No need to be a whale to participate.
Length of competition: 30 days
Start: August 16th
Finish: September 15th
Winners are investors in the top 5 pools decided based on % performance. The prize money will be split proportionally between investors based on investment amounts.
dHEDGE will provide a dedicated leaderboard page during the competition at https://app.dhedge.org/competition
The prize pool consists of $100,000
- $50k in DHT
- $50k in SUSHI
Prizes go to investors in the top 5 pools after the competition. dHEDGE will take daily snapshots. Payout based on your daily pro-rata average investment into winning pools during the 30-day competition.
50% of the reward will be airdropped to investors of the winning pools after the competition ends. The remaining rewards will be airdropped monthly over 5 months after the competition on the condition that the funds are still invested on the platform.
Sushi is the home of DeFi. and is renowned for its fervent dedication to technological creativity, expansion, and community commerce, helping create multiple passive income revenue streams for cryptocurrency assets using Sushi.com’s secure and powerful DeFi tools! Sushi is building a comprehensive DeFi ecosystem with AMM, leverage & margin trading platform, token launchpad, and NFT artist platform. Follow our socials to keep up with our product launches and find out more on how you can make the most of your cryptocurrency assets with Sushi’s secure and powerful DeFi tools!
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium, etc, and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 350+ Dapps, ~128M txns, and ~1M+ unique users.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.
dHEDGE is a decentralized asset management protocol connecting the world’s best investment managers with investors on the blockchain in a permission-less, non-custodial, trustless fashion. dHEDGE aims to democratize the investing experience leveraging Blockchain technology.