sep 30, 2026
Katana Perps 11th $130,000 USDC Trading Competition
Starting September 30 at 16:00 UTC, Katana Perps returns with its eleventh trading competition and up to $130,000 in Vault Bridge USDC (vbUSDC) up for grabs across all markets.
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September 30th to October 14th, 2026
Starting September 30 at 16:00 UTC, Katana Perps returns with its eleventh trading competition and up to $130,000 in Vault Bridge USDC (vbUSDC) up for grabs across all markets.
Throughout the competition, trading fees are 50% off, and the prize pool grows alongside total trading volume. Each milestone reached unlocks more vbUSDC for the leaderboard.
New round. Fresh leaderboard. Another shot at the top.
Volume Pool - $8,000 to $120,000
Pro-rata share of total qualifying volume across all markets. Your payout is based on your share of qualified volume:
(your qualified volume / total qualified volume) × released volume pool
We will publish a live leaderboard showing the top 50 wallets by volume.
The volume pool starts at $8,000 and grows with total trading volume:
$8,000 released once total volume reaches $20M
+$2,000 for every additional $10M in volume above $20M
$120,000 maximum, reached at $580M in volume
The full $120,000 volume pool unlocks at $580M. Every $10M traded moves the pool higher.
More volume. More rewards.
PnL Leaderboard - Fixed $10,000
Top 15 wallets by PnL percentage take this pool. Minimum $250 collateral deposit to qualify. Leaderboard updates every minute.
PnL leaderboard payouts:
Rank 1: $4,000
Rank 2: $2,000
Rank 3: $1,000
Ranks 4-5: $600 each
Ranks 6-10: $240 each
Ranks 11-15: $120 each
Share Raffle - $500
Post your wins, losses, or leaderboard position on X tagging @katanaperps during the competition window. We will raffle $500 in vbUSDC among everyone who shares. Must have qualifying volume to be eligible. Void where prohibited.
Incentives Scale With Size, Up to $130K USDC
The bigger the competition gets, the bigger the rewards.
Throughout the two-week competition, the volume pool increases as each trading milestone is reached. Every new milestone unlocks more vbUSDC, with progress updated in real time on the competition page.
The more volume traders generate, the more there is to win, up to $130,000 USDC.
Funded by Vault Bridge Yield
The prize pool is funded by Vault Bridge, one of Katana's structural advantages.
On Katana, bridged assets are deployed into yield-generating strategies on Ethereum mainnet, with that yield flowing back to Katana as protocol revenue. That revenue can be used to fund initiatives like trading competitions while also supporting returns for liquidity providers and vault depositors.
As Katana grows, so does the engine behind its incentives.
That is what keeps competitions like this one running back to back. Vault Bridge gives Katana a sustainable way to put rewards back into the ecosystem, round after round.
For Competition 11, that means a $580M volume milestone and up to $130,000 USDC in total rewards.
Eligibility & Rules
Minimum: $10,000 minimum trade volume to qualify for the volume pool.
Deposit: Maintain a balance of $250 or higher to qualify for the PnL leaderboard.
Deposits & Withdrawals: Transfers in or out of your account during the competition will negatively impact your PnL percentage. Traders competing for the PnL leaderboard should fund once and avoid deposits and withdrawals until the competition ends.
Markets: All markets are treated equally for both pools.
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 September 30 at 16:00 UTC and closes October 14 at 16:00 UTC. If you traded Competition 10, you can roll straight into this one. 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.
