Satori and Hemi launch $25,000 perpetuals trading competition

Hemi welcomes Satori, the first perpetual DEX to launch on the network. The partnership means Hemi users can use Satori to trade perps at leverage for Bitcoin and other assets, and vaults that earn yield via onchain trading strategies.

Satori is a perps DEX that lets users trade the price of assets without directly holding them on-chain. Traders may take long or short positions at 50x leverage for BTC and ETH, or 25x leverage for dozens of other supported assets. 

Opening a position is as simple as selecting an asset, choosing a long or short position, setting your leverage preference, and executing the trade. As with other derivatives platforms, liquidations occur if the market moves against a position.

With Satori’s vaults, Hemi users can earn from their deposits, managed by market makers, who execute trading strategies that generate yields.

To celebrate this milestone for Hemi users, Hemi and Satori are launching a trading competition with a prize pool of $25,000 USDC. 

Official Contest Rules

The contest will begin on May 1st and run throughout the month, ending on the 31st. 

• The competition is open to all Satori users on the Hemi chain.
• Individual participation is allowed; no collusion between teams or multiple parties is permitted.
• Only trading on Hemi will be counted on the leaderboard.
• Participants must have TVL locked on Hemi to join.

During the first week of June, $25,000 USDC will be distributed to competition winners:

$15,000 USDC for top Profit-and-Loss (PnL) traders—the top traders will share the prize based on PnL rankings.

$10,000 USDC for top volume traders—all with more than 0 trading volume will receive a share of the prize based on their total volume ranking. 

Rewards will be distributed as an allocation of USDC from the prize pool sent to each eligible participant’s Hemi account.

Visit Satori, connect your Hemi wallet, and start trading this May 1 to climb the leaderboard and claim your share of the prize.