Rewards Terms
Terms for the PerpsX Rewards beta.
What points are
PerpsX Rewards points measure activity on PerpsX. Points have no cash or monetary value. They are not a token, security, currency, or claim against PerpsX or Polymarket, and they cannot be bought, sold, transferred, or exchanged. PerpsX has not promised that points will be converted into anything in the future.
Earning points
You earn points for trading volume on PerpsX (currently 1 point per $100 of notional, with a bonus for maker fills and a daily cap), daily quests, achievements, trading streaks, and referrals. Rates, caps, tiers, and activities are shown on the Rewards page and may change. Joining is optional and requires a free wallet signature; it does not send a transaction.
How fills are checked
While PerpsX is open, your browser reports your own fills to PerpsX. Each reported fill is compared against Polymarket's public trade record by trade ID, price, size, and time before it earns points. Each side of a trade can earn points for one account only. Fills older than seven days, liquidations, and settlements do not earn points. The public record does not identify traders, so this check cannot prove that a fill was yours.
Fair use
Do not claim fills that are not yours, trade with yourself or with accounts you control to generate points, create multiple accounts or referrals to farm points, or interfere with the program. PerpsX may withhold, remove, or reset points, remove accounts from the leaderboard, or end participation where it reasonably suspects abuse.
Changes and ending the program
The program is in beta. PerpsX may change its rules, reset seasons or balances, or end the program at any time.
Your data
Rewards stores your wallet address, referral relationship, the fills you report, and your points history on a PerpsX server. The public leaderboard shows a shortened form of your address. You can leave Rewards in Settings at any time, which deletes this data. See the Privacy Policy for details.
Eligibility
Rewards is available only where use of PerpsX and Polymarket is permitted for you.