Eligible Arbitrum Ecosystem Traders Receive $20,000 ARB & YFX Airdrops

YFX.COM
2 min readOct 18, 2023

$20,000 YFX & ARB Airdrop for Eligible Arbitrum Ecosystem Traders

Event Period: From 2023–10–18 12:00 (UTC) to 2023–11–02 12:00 (UTC)

Who Is Eligible for the Airdrop?

Addresses that have completed derivative trading activities on GMX, Gains Network, VELA, MUX protocol, and LEVEL Finance before August 24, 2023, are eligible to receive a $30 YFX & ARB token combination airdrop.

Airdrop Reward Allocation

The total airdrop reward is 12,000 ARB tokens & 126,000 YFX tokens.

Each eligible address will receive 20 ARB & 210 YFX tokens.

There are a total of 600 rewards available in this event, worth a total of $18,000 in ARB & YFX tokens.

How to Claim the Airdrop Reward

The airdrop can be claimed between 2023–10–18 12:00 (UTC) and 2023–11–02 12:00 (UTC).

Eligible claimants can visit https://galxe.com/yfx/campaign/GC2LqUMz4T to participate in this event, and within 14 days after the event ends, rewards will be automatically distributed to the submitted eligible addresses.

To be eligible for the airdrop, you need to meet three requirements:

1. During August 24, 2023, any derivative trading activity was completed on GMX, Gains Network, VELA, MUX protocol, and LEVEL Finance.

2. Completed a brief learning about the main features of YFX.

3. Opened a position of any size using YFX.

YFX Token Introduction

Important⚠️

During the event, YFX will reduce the trading fees for opening and closing positions from 0.08% to 0.04%, which is the lowest among decentralized perpetual trading platforms.

Please note: Eligible trading pairs include BTC_USD (settled in USDC), ETH_USD (settled in USDC), and ARB_USD (settled in USDC).

Lottery Rules

Participants who retweet the main promotion tweet and follow @YFX_COM before October 10th, 00:00 (UTC) will be eligible to participate in the lottery! Ten lucky participants will each receive 50 ARB and 600 YFX (worth $100).

Participant Account Requirements:

Twitter accounts participating in the lottery must meet the following requirements.

- Twitter ID must have been in existence for at least 3 months.

- Twitter accounts must have 50 or more followers.

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