4 weeks. 420,000 USDC to Phoenix traders.
Today we're kicking off Phoenix Flight Club, a four-week rewards program that pays traders 420,000 USDC over 28 days. There are no hoops to jump through, no vesting, and no waiting until the end of a season. 15,000 USDC is distributed every day, and it goes to the traders actually using Phoenix.
Flight Club runs from July 27 through August 23.
How you earn
Daily rewards are based on a few things you're probably already doing:
Trading. Every trade you make on Phoenix earns you a share of the day's rewards.
Holding positions. Rewards aren't for churning the book; keeping positions open earns as well, so size and conviction are both rewarded.
Referring. Referred volume counts toward your rewards. When someone you refer trades on Phoenix, you earn credit on their activity, and they get a discount on their fees. Importantly, Flight Club rewards are a bonus on top of the existing referral rewards system. Make sure to let your friends know.
Using Phoenix. Trade consistently to increase your rewards.
How you get paid
Rewards are calculated and distributed daily, in USDC, straight to your Phoenix account. Claim them from the rewards page in the app, now updated to show Flight Club rewards. What you earn each day (marked at 19:00 UTC) is yours; there are no lockups and no cliffs. Rewards are paid out within 24 hours after the previous day ends.
Why Phoenix
If Flight Club is your first look at Phoenix, here's a rundown:
- A wide variety of 24/7 markets. Equity and commodity perps that trade 24/7, side by side with majors and crypto (including $ANSEM), all in one on-chain account. Nearly half of all equity perps trading on Phoenix happens while Wall Street is closed.
- Low fees. Rewards are nice; not giving your PnL back in fees is nicer.
- A fully on-chain orderbook on Solana. The best execution for real bids and asks, transparent and self-custodied, not a pool trading against you.
- Easy onboarding. Sign in with your Solana wallet, or just an email.
Flight Club is just the beginning
This is the first of what we have planned for Phoenix this year. If you have any questions or want to get involved with the Phoenix community, join us on Discord.
Day 1 of 28 starts now. Ready for takeoff? phoenix.trade
See Phoenix terms and conditions. Products are available only to eligible persons and are not offered to US persons or in any jurisdiction where such offer would be unlawful. This post is not investment advice, an offer, a solicitation, or a recommendation to buy or sell any assets. This is for informational purposes only. Referenced third parties does not imply any affiliation with or endorsement of Phoenix.
