$100,000 USDC Trading Competition on Katana Perps
May 6th – May 12th, 2026
On May 6th we are hosting our first trading competition on Katana Perps. Users have 1 week to earn their share of up to a $100,000 prize pool. The base prize pool is $25,000 in Vault Bridge USDC (vbUSDC) and scales up to $100,000 based on total cumulative trading volume during the competition.
The Pool
There are two buckets of USDC rewards:
Volume Pool - 70% ($17,500 - $70,000)
Pro-rata share of total qualifying volume across all markets. Your payout is based on your share of qualified volume. We'll publish a live leaderboard showing the top 50 wallets by volume.
PnL Leaderboard - 30% ($7,500 - $30,000)
Top 15 wallets by PnL percentage take this pool. Minimum $250 collateral deposit to qualify. Leaderboard updates every minute, same structure as our trading competitions.
PnL leaderboard payouts:
Rank 1: $3,000
Rank 2: $1,250
Rank 3: $750
Ranks 4–5: $500 each
Ranks 6–10: $200 each
Ranks 11–15: $100 each
Incentives Scale With Size Up to $100K USDC
The prize pool grows with volume:
$25K prize pool for volume up to $50M
+$5K for every additional $10M in volume above $50M
$100K maximum pool at $200M+ in volume
At $60M total volume, the pool becomes $30K; at $100M, it's $50K. At $200M+, the full $100K is on the table.
Funded by Vault Bridge Yield
The $25K base and $100K cap are funded by a unique, structural Katana advantage known as Vault Bridge. On Katana, bridged assets are deployed into yield strategies on Ethereum mainnet, and the yield flows back to Katana as protocol revenue that funds initiatives like this competition. This yield is used to reward users for specific behaviors, such as this trading competition, and to boost returns for liquidity providers and vault depositors. The more the chain grows, the bigger the rewards engine gets.
Eligibility & Rules
Minimum: $10,000 minimum trade volume to qualify for the volume competition.
Deposit: Starting balance of $250 or higher to qualify for the PnL competition.
Markets: All markets are treated equally for both the PnL and Volume competition.
Wallets: Any connected wallet can earn from the volume pool and PnL leaderboard. A referral code is only required to earn referral rewards.
Disqualification: Wallets showing evidence of self-referrals or wash trading will be disqualified.
Not Eligible: Market maker partners are not eligible.
Payout: Up to a 7-day finalization period after the competition ends for wash trading review and final payout calculations.
Get Ready
The competition opens May 6 at 16:00 UTC and closes May 12 at 15:59 UTC. Fund your account and line up your strategy.
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Program Details & Disclaimer: This post is not investment, legal or tax advice and users are encouraged to consult personal investment, legal and tax advisors. This post and its contents, including the above-referenced statements related to any token, rewards, distributions, or program (“Program”), may be modified or terminated at any time without notice, and is subject to the Katana Foundation terms and conditions (here https://app.katana.network/legal/terms-and-conditions). Governance of the program, interpretation of terms, and application of the Program to individuals is subject to the interpretation and sole discretion of the Katana Foundation. Participation in crypto and emerging blockchain technology involves risk, and by participating in the Program you agree not to hold Katana Foundation liable for any losses or damages that you may incur for any reason including without limitation technology errors, investment value declines, or Program administration.
*Katana Perps is not available to persons located in or residents of the United States. Access to Katana Perps may be restricted in other jurisdictions. It is your responsibility to ensure that your use of Katana Perps complies with applicable laws in your jurisdiction.
