Trading Rewards

Seasonal Trading Rewards

You can earn points through your trading activity, and those points unlock exclusive rewards from our specially allocated APT pools that replenishes every two weeks with new Trading Season. Whether you choose to lock your points for a share of rewards or enter raffles to win big, every trade brings you closer to exciting rewards. Here’s how it works:

1. Earn Points

• Trade to Earn

  • Every trade you make earns you at least 1 point.

  • Higher trading fees mean more points!

  • Points are awarded when you open or increase an order, and they're calculated as whole numbers (rounded down).

• Daily Reset

  • Remember, unused points expire every day at 12:00 PM UTC, so be sure to put them to work!

Detailed Formula for Point Distribution

$\text{Points\ Earned} = \left\lfloor \text{order\_size} \cdot \frac{\text{avg\_fee\_rate} }{0.02} \cdot \text{gear\_boost} \right\rfloor$

where $\text{avg\_fee\_rate} = \frac{\text{maker\_rate} + \text{taker\_rate}}{2}$ of the trading pair.

* Last updated as of Nov 27, 2025.

2. Reward Pools

At the start of each Trading Season, we allocate dedicated reward pools to reward your trading activity. You can use your earned points in two exciting ways:

2a. Lock & Earn

• How It Works: Lock your points for the entire season.

• Reward Distribution: At the end of the season, rewards are given out based on the proportion of points you locked.

• Example: If the total locked points in the season are 1,000 and you lock 10 points, you'll receive 1% of the prize pool.

2b. Raffles

• Use points to draw from a raffle to get a random amount of rewards.

• Increase Your Odds: You can draw with more than 1 point to boost your chances of winning even more.

• Jackpot Reward

  • The chance of hitting a Jackpot starts at 0%, and increases linearly over time.

  • When someone finally lands a Jackpot, the chance resets back to 0% and begins climbing again.

• Raffle Conclusion: The raffle runs until the prize pool is fully distributed.

Degen Racing Royale

Degen Racing Royale is Merkle's recurring seasonal trading competition. It is a high stakes race where traders compete for APT rewards, username tickets, and ranking glory.

See Degen Racing Royale to learn more.

Weekly Trading Missions

You can complete various trading missions while trading. Each mission has up to 5 levels based on the difficulty of the mission. Depending on the type of the mission and its difficulty, you get a certain amount of MP points.

• Certain amount of MP points unlocks additional Loot boxes.

• Missions and MP points are refreshed weekly on Tuesday 12am UTC

• A total of 5 additional Loot Boxes can be acquired through completing missions each week.