Season 2 of Veranta XP: Now live!

Season 2 of Veranta XP rewards program is now Live. In Season 1 we saw $100M+ volume days & thousands of users across the global witnessing what a fully onchain, cross-asset leverage DEX looks like. Season 2 dashboard is live , and its better than ever — check it out on https://veranta.xyz

Before all that, let’s do a quick review about what went down in S1.

• We serviced over 30,000 unique traders and LPs
• Crowned hundreds of traders as “Chads” who will now earn a 2x boost on trading XP.
• $2.5B+ in traded volume, across RWAs and crypto.
• Over 665,000 trades on the platform.

And now, Introducing everything new in S2 —

Updates to XP

• Real-Time XP Tracking: Liquidity XP updates immediately, upgrading from Season 1’s less frequent updates.
• Optimized Trading XP Calculation: We’ve refined the Trading XP formula to ensure fair rewards for all trading activities.
• Liquidity and trading XP are still not fungible. This is to ensure that the unique contributions of traders and LPs to the protocol are fairly rewarded.

XP Boosts

• Chad Trader Recognition: Hundreds of traders who earned the selective Chad trader role in our discord get a 2x XP boost on trading activities. In season 2, we’ll open up plenty of opportunities to earn the Chad trader role via trading leagues and discord activity.
• Ambassadors: Participants of our Ambassador Program will also receive a 1.25x XP boost in Season 2. Believe you have what it takes to be an Veranta ambassador? Reach out in our discord and tell us why!
• Participant Booster: All Season 1 participants get 1.1x XP boosts, & Veranta Season 1 OGs (users who participated before September 31st) receive a 1.25x XP boost as a form of appreciation for being early.
• XP trading boosts via trading quests to be live soon.

You can view all Season 2 boosts in detail here: https://veranta.xyz

Keep an eye out on Discord & X for roles and XP opportunities opening up in the near future.

Referrals

We’ve improved the referral dashboard. All you need is one referral link to invite your degen friends/communities to Veranta & get 10% of your referred traders and LPs’ XP (previously this was only available for trading).

Start referring today https://veranta.xyz.

Timelines for Season 2

We’ve not decided a specific end date for Season 2 to end yet, but it’s expected to be shorter than Season 1 (which lasted for 6 months).

S2 will conclude with the launch of the Veranta Foundation, a DAO that will guide the decentralized future of our community.

What’s Next?

We’re in the trenches, working around the clock the build DeFi’s largest cross-asset leverage DEX. There’s so much yet to be done & we’re only getting started.

Q1 is packed with exciting announcements with product updates, integrations and so much more.

View your current XP!

If you are already an Veranta user, you’ve already been acurring Season 2 XP.

Still confused? or are facing any issues related to Season 2, XP, Boosts or are curious about Veranta, drop in the Discord server & we’ll be happy to assist.

New to Veranta? Check out this get started guide on docs.veranta.xyz