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:
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.
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