Kava Swap rewards are getting even better this holiday szn!

Nov 22 17:00 PST to Dec 13 17:00 PST

It’s the season for sharing, so Kava Swap is rewarding its users with $90K worth of bonus KAVA tokens. All you have to do is trade on Kava Swap and provide liquidity to any pool for two weeks during the event to win!

$90,000
in Prizes

Pool 1

50 Winners

25,000 USDX
Min. Trading Volume

50,000 USDX
Min. Liquidity (any pool)

Win $1,000 in KAVA

Pool 2

100 Winners

5,000 USDX
Min. Trading Volume

10,000 USDX
Min. Liquidity (any pool)

Win $250 in KAVA

Pool 3

150 Winners

1,000 USDX
Min. Trading Volume

2,000 USDX
Min. Liquidity (any pool)

Win $100 in KAVA

How to Win

To stand a chance to win your share of $90K in KAVA, you just need to:

  • Meet the minimum trading volume and liquidity requirements for the event
  • Register for the event before 17:00 PST on December 13th 
  • Join the Kava Telegram Group

Competition Rules

  • To qualify for a prize tier, you must meet the minimum trading volume AND minimum liquidity requirements for that tier.
  • Winners for each tier will be rewarded on a first-come-first-served basis based on registration time. 
  • If the maximum number of winners is reached for the Tier 1 or Tier 2 prize pools, the remaining eligible winners for that pool will be first to receive rewards from the next tier down before paying out winners of that tier. 
  • Trading volume for each user will be calculated based on the total USDX value of swaps made in all pairs during the event. 
  • The trading volume requirement must be met during the event (before 17:00 PST on December 13th)
  • Liquidity must be initially provided during the event (before 17:00 PST on December 13th) and must remain locked for a minimum of two weeks to be eligible for prizes. 
  • Liquidity can be provided to any combination of pools on Kava Swap, as long as the total amount of USDX meets the requirements. 
  • Issuance of rewards is ultimately subject to the passing of a governance proposal by KAVA holders.
  • Kava will finish the review of all qualified participants and process prize distribution by January 13th, 2022.

Registration closed

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FAQs

Can I register at any point during the event?

Yes, you can. Registration will remain open until the end of the event at 17:00 PST on December 13th. However, to be eligible to win, you must have met the trading volume requirement during the event period and you must provide the required level of liquidity before the end of the event. You will still be eligible to win if you provide liquidity on the last day of the event, as long as you continue to provide the liquidity for at least 2 weeks from that point.

Do I have to provide my Twitter/WeChat?

No, that is not required. But, it would be appreciated if you do want to share it.

Is there any risk of losses from participating in the competition?

There is always a risk of losses when trading cryptocurrencies or providing liquidity to decentralized exchanges. When providing liquidity to pools on a decentralized exchange, you are exposed to some degree of impermanent loss risk. However, the high reward APYs on Kava Swap and the competition prizes should more than account for any potential impermanent loss.

Why will it take one month to process the prizes?

To ensure that everyone has adequate time to meet the 2-week liquidity requirement, users will be able to provide liquidity for up to 14 days from the last day of the event. So, prize processing will only begin once the 2-week buffer period is finished.