SparkDEX Eternal Perps Trading Competition

Overview

The SparkDEX Eternal Perps Trading Competition is a three-week trading campaign designed to reward active perpetuals traders on the Flare Network. Running from November 4 to November 25, the competition distributes a total of 1.2 million rFLR to participants based entirely on trading volume.

This initiative highlights SparkDEX Eternal’s high-performance perpetuals engine, offering real-time execution, deep liquidity, and transparent on-chain trading. Both new and experienced traders can participate by trading Flare-native perpetuals and climbing the leaderboard directly on SparkDEX or inside Luminite Wallet.

Importantly, the competition is volume-based: Winning and losing trades count equally toward earning rewards.

Competition Objectives

Reward On-Chain Trading Activity

Participants are incentivized to execute trades, increasing engagement with SparkDEX Eternal and the Flare DeFi ecosystem.

Showcase SparkDEX Eternal’s Capabilities

The event emphasizes SparkDEX Eternal’s strengths:

• High-performance perpetuals engine

• Transparent, on-chain order execution

• No auto-deleveraging (no ADL)

• Collateral flexibility (FXRP or USDT)

• Fair, open participation for all users

Strengthen the Flare DeFi Ecosystem

Increased perpetuals volume supports liquidity, broadens participation, and contributes to a more resilient decentralized financial layer on Flare.

How the Competition Works

Duration

November 4 → November 25 (3 total weeks of trading and weekly reward calculation, rewards are distributed at the END of the Competition)

Reward Pool

A total of 1,200,000 rFLR is allocated, split across three weeks:

• 300,000 rFLR weekly for positions collateralized in FXRP

• 100,000 rFLR weekly for positions collateralized in USDT

Rewards are calculated weekly but distributed monthly, at the end of the rFLR epoch.

Claimable via:

• https://portal.flare.network

• https://sparkdex.ai/farm

• https://www.luminite.app/earn

Competition Mechanics

Eligible Markets

All perpetuals markets available on SparkDEX Eternal qualify.

Eligible Collateral

• FXRP

• USDT

Scoring

Every qualifying trade contributes to your points for that week. Your weekly score determines your share of that week’s rFLR rewards.

Factors that increase point share:

• Higher trading volume

• Consistent trading activity

• Frequent participation across the week

Profit or loss does not impact point calculation.

Trade Requirements

To qualify, trades must meet the following minimum conditions:

Minimum Position Size

• $100 USD-equivalent

Minimum Holding Period

• 20 minutes (time between opening and closing the position)

Eligible Actions

• Opening and closing long positions

• Opening and closing short positions

Impact on Flare DeFi

This trading competition plays a key role in expanding Flare’s decentralized financial ecosystem by:

• Increasing on-chain perpetuals volume

• Strengthening liquidity

• Encouraging active and repeat participation

• Boosting FXRP’s role as a core asset in Flare DeFi

• Demonstrating the potential of decentralized markets over centralized ones

Every trade contributes to a more robust, transparent, and community-driven trading environment.