Eligible options trade definition: premium trading volume ≥ 100 USDT
New options users are users with no options trade history before the event starts.
Limited to the first 500 users.

Event 2: Pair Futures with Options to Earn 15 USDT Daily

During the event, registered users must reach a trading volume of 1,000 USDT in their first daily Perpetual Futures trade for an eligible underlying asset and buy a protective option for the same underlying asset:

Futures long position: Buy a Put for the same underlying asset;
Futures short position: Buy a Call for the same underlying asset;
The option premium paid must be at least 50 USDT;
Hold the Futures and Options positions simultaneously for at least 60 minutes.

Complete the above tasks to receive a 15 USDT reward. Limited to the first 150 users each day.

Event 3: Earn a Profit on Protective Options and Receive an Additional 10 USDT

After completing Event 2, users whose first daily protective option order realizes a profit when closed or settled can receive an additional 10 USDT reward. Limited to the first 100 users each day.

Rewards from Events 2 and 3 can be combined, with a maximum of 25 USDT per user per day.

Event 4: Options Trading Volume Leaderboard, Top 10 Share 5,000 USDT

After the event ends, they will be ranked by their cumulative eligible premium trading volume, and the top 10 users will receive corresponding rewards.

Participants must select [Join Now] on this event page to register and complete Identity Verification to receive rewards.
The Event 1 Options Position Voucher is valid for 14 days from the date of issuance. Please use it within the validity period; if it is not used by the expiration date, it will automatically expire and will not be reissued.
This event supports Perpetual Futures and options trading for the following underlying assets: BTC, ETH, SOL, XAUT, BNB, XRP, DOGE, ADA, HYPE, SUI, LTC.
Event rewards will be distributed in USDT and credited to users' accounts within 10 business days after the event ends. Please check your in-app messages for notifications.
Bulk account registrations, volume manipulation, self-trading, matched orders, and other cheating are prohibited. Multiple accounts of the same verified user are treated as one.
Market maker, institutional, and affiliate accounts are not eligible for the prize pool.
Deep out-of-the-money (OTM) options volume is not counted in event statistics.
Gate reserves the right to adjust event rules, the prize pool, and distribution methods based on actual circumstances.
In case of discrepancies between the translated version and the English version, the English version shall prevail.
Due to changes in market conditions, fraud risks, and other factors, Gate reserves the right of final interpretation for this event. For any questions, please contact Gate Customer Support.

Options Trading Volume Leaderboard	Rewards
1st Place	1,500 USDT
2nd Place	1,000 USDT
3rd Place	700 USDT
4th Place	500 USDT
5th Place	300 USDT
6th–10th Place	200 USDT per person

Futures × Options Hedging Challenge Season 2

Event Rules