Go MATIC, reap fantastic!
Trade MATIC Options to claim your free MATIC option

Campaign Duration: 16th May – 4th June, 2024

Go MATIC, reap fantastic!
Trade MATIC Options to claim your free MATIC option

Campaign Duration: 16th May – 4th June, 2024

Promotion Sign Up, Verify, and receive a 50 USDC trading fee rebate

Promotion

Sign Up, Verify, and receive a 50 USDC trading fee rebate

A Free Option for Every MATIC Trader

Welcome to our MATIC Options Campaign!

Deribit has expanded its options offerings to include MATIC. We’re thrilled to invite all our users to celebrate this milestone. Participate in MATIC options trading during our campaign period, and you’ll be rewarded with a free MATIC option.

Trade and get rewarded

Trade and get rewarded

How to get a free MATIC Option: Trade one or more MATIC options during the campaign to win a free MATIC option. Trade big or trade small, every trader wins.

Extra Rewards for top traders: Top 7 traders, based on derivatives volume, will each earn a portion of an 1000 USDC prize pool.

How to get a free MATIC Option: Trade one or more MATIC options during the campaign to win a free MATIC option. Trade big or trade small, every trader wins.

Extra Rewards for top traders: Top 7 traders, based on derivatives volume, will each earn a portion of an 1000 USDC prize pool.

MATIC Options Leaderboard

Find where you stand – Top 7 traders share 1000 USDC!

Keep a keen eye on the leaderboard as it refreshes every five days. This interval ensures that you have ample opportunity to analyze your MATIC option strategies and adjust your trades to climb higher or maintain your position.

Leaderboard update:

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Position Masked UID Volume Prize
1 xxxx52 743967.9 250 USDC
2 xx41 459576 200 USDC
3 xxx30 435976.9 150 USDC
4 xxxx33 215572.2 125 USDC
5 xxxx66 104668 100 USDC
6 xxx51 63972.9 90 USDC
7 xxxx97 46467.8 85 USDC
8 xx18 44981.9
9 xxxx40 43064.6
10 xxxx79 29061

Reveals Every Five Days: Updates occur at a fixed time every five days, maintaining the mystery and competitive spirit.
Last Update: 29-05-2024

Explore MATIC Options

Trade and get rewarded with our new MATIC Options launch!

New to Deribit?

Get started in a few minutes.

1. Create Account

Create and verify your account in minutes.

2. Fund your account

Use Bitcoin, Ethereum or USDC to fund your account.

3. Start Trading

Use all our advanced tools to get the most out of your trades.

Frequently Asked Questions

Everything you need to know.

16th May – 4th June, 2024

Winning a free MATIC option, such as a call option, can be a valuable opportunity if MATIC’s market price exceeds the strike price by the expiry date. Here’s what it means in a practical sense:

Example Scenario:

You win a cash-settled MATIC call option with a contract multiplier of 1000 and a strike price of $1.4, set to expire on May 31, 2024. This option gives you exposure to the price movements of MATIC but does not grant the right to buy or sell the actual MATIC tokens.

Profit Calculation if MATIC’s Market Price Rises:

  • Suppose MATIC is trading at $3 on the expiry date.
  • The profit from a cash-settled option is calculated based on the difference between the market price at expiry and the strike price, multiplied by the quantity.
  • Here’s how you calculate it: Profit=(Market Price−Strike Price)×Quantity=(3−1.4)×1000=$1600

In this scenario, the settlement of the option results in a profit of $1,600. This profit is based on the price difference and is settled in cash as per the terms of the contract, aligning with the market’s final prices at expiry.

It will be a long, can be call/put option and will be near term expiry.

All Deribit retail traders who trade one or more MATIC options during campaign duration dates will get a free MATIC option.

If you don’t want the free MATIC option, please email us at [email protected] with your request.

Traders will be ranked on the basis of their derivatives trading volumes on MATIC options during the campaign duration. This is how the prizes will be distributed amongst top 7 traders:

1st place: 250 USDC
2nd place: 200 USDC
3rd place: 150 USDC
4th place: 125 USDC
5th place: 100 USDC
6th place: 90 USDC
7th place: 85 USDC

All USDC rewards will be given 15 days after the campaign concludes.

You will be rewarded your free MATIC option, 15 working days after the campaign has been concluded.

You can see your option on the options screen mentioned as “Position Move” with info “DRBEvents” or the transaction log.

Deribit reserves the right to decide the type of option, strike price and the expiration date.

Deribit can disqualify anyone using unfair tactics, like creating multiple accounts for extra benefits or any illegal or harmful actions.

Deribit can change or interpret the event rules anytime without prior notice.

Are You Ready?

Start trading now to get your FREE MATIC Option.

Are You Ready?

Start trading now to get your FREE MATIC Option.