Begin Uptober with $2,000 USDC & 7,500 $pVLV in Rewards
Begin Uptober with $2,000 USDC & 7,500 $pVLV in Rewards
After concluding Epoch 1 of the Base Trading Competition, we are here to announce Epoch 2 with heightened rewards!
Get Ready to Uptober
The second Epoch of our thrilling trading competition is here! This time, we’re turning up the heat with even bigger rewards and more opportunities to prove your trading prowess.
Check out the Epoch 1 rewards:
With that being, said in Epoch 2 (ending 10/13) here are the juiced rewards:
$2,000 USDC
7,500 $pVLV
A Founders Club NFT
How to Participate:
Create a Portfolio on the Velvet Capital Base App
Add Liquidity: Deposit a minimum of $100 into your Vault to enter
Trade Actively and Use DeFi Protocols: Trade in and out of various positions and find yield-generating assets to maximize returns of your vault (remember on top of the trading competition $pVLV, there is also 2 $pVLV rewarded for every $1,000 in trading volume)
Rewards
In the trading competition, the top 10 vaults at the end of each period will be rewarded through USDC, $pVLV, and Founders Club NFT (the sale ended on 9/11). The rewards will be distributed after each epoch (there will be multiple) which will last until October 13.
*The prizes will go solely to the vault manager.
In Epoch 1, the winner “Alpha” achieved a 47% return and the 10th-place vault achieved a 6.8% return.
Think you can do better? If so, join Epoch 2 of the Trading Competition and come take home some rewards!
What can you trade on the Base App
On the Base App, users can trade any token on Base and get in and out of top DeFi Protocols (Aerodrome, Aave, Rocket Pool, Beefy, Fluid, Uniswap, and more). Over the coming weeks and months we will continue to add more DeFi Protocols and if you have one that you would like to see added to the app let us know in our Discord or Telegram channels.
Velvet Liquidity Mining Program
With the Velvet Capital Liquidity Mining Season 3 all users on the Base App will earn 3x the $pVLV Rewards for a limited time! So, even for those who don’t win the trading competition, you will still be rewarded!
Daily $pVLV rewards on the app are based on:
1. Total Value Locked (TVL) — Earn $pVLV for every $ you have on Velvet
2. Total Value Referred (TVR) — Earn $pVLV for referring your friends
3. Total Value Managed (TVM) — Earn $pVLV for every $ others put in your Vault
4. Trading Volume - Earn $pVLV for every $ you trade