We’re kicking off the final testing phase before Kyan’s mainnet launch, and we’re doing it the best way we know how: by putting the product in traders’ hands.
From February 9th to February 15th, Kyan is hosting a one-week Trading Competition #2 on Sepolia testnet, focused on what matters most: options and multi-leg strategies. Sign up for updates here!
If you want early access, a chance to influence the product, and a shot at earning rewards, or you have FOMO after our last trading competition, this is your last call to join us.
TL;DR: Trading Competition #2 Details
Start Date: Feb 9th at 3pm UTC / 10am EST
End Date: Feb 15th at 7pm UTC / 2pm EST
Where: Sepolia testnet
Focus: Options and multi-leg strategies
Rewards: 250,000 Krystals, exclusive merch, and more
Layer3 Quest: Launch on Feb 9th at 4pm UTC / 11am EST
Why Another Competition?
After the first trading competition, one thing was clear: real traders using Kyan in real conditions surfaced more insights than any internal test ever could. The activity, feedback, and energy from the community pushed the system in ways we couldn’t replicate on our own. That gave us the idea that before mainnet, Kyan needed one more round of live stress-testing.
Trading Competition #2 exists because the last one worked. It gave us critical data on how portfolio margin behaves under pressure, how options pricing responds to real strategy usage, and how multi-leg execution holds up when many traders are active at once.
We were able to make significant improvements and running another competition lets us validate them and make sure the system performs as intended before real capital is involved.
It’s also about giving the community another chance to take part. We wanted to create one more opportunity for people to explore the platform, test strategies, and earn rewards for helping shape it. This is the last major test before launch and a final chance for traders to leave their mark on Kyan before it goes live.
Competition Timeline and Structure
Trading Competition #2 will run from February 9th through February 15th on the Sepolia testnet, creating a one-week window of concentrated trading activity designed to mirror real usage as closely as possible.
Discord Roles
To keep the competition fair and meaningful, participation will be tied to Discord. Wallets must be linked to Discord accounts, and each verified participant will receive a special Discord role. This helps reduce sybil behavior while also making the event feel more like a shared experience than a collection of anonymous wallets. It ensures that rewards reflect real engagement and that the competition strengthens the community rather than fragmenting it.
Options and Multi-legs
While all trading activity will count toward rewards, this competition is intentionally centered around options and multi-leg strategies. We want to see how traders use calls and puts, how they structure combo trades, and how they combine positions across instruments.
These strategies place the most stress on portfolio margin, pricing logic, and atomic execution, which makes them especially valuable from a testing perspective. Reward weighting will favor options and multi-leg trades.
Layer3 Quest
The Layer3 quest launching on February 9th at 4pm UTC / 11am EST reinforces the emphasis on options and combo trades. Through the quest, participants will be encouraged to trade calls, trade puts, and execute multi-leg strategies as part of their progression.
To complete this Layer3 quest, you will need to:
Together, the timeline, structure, and trading focus are designed to align incentives with what matters most: real strategies, real behavior, and real stress on the systems that need to be proven before mainnet.
Rewards Overview
Trading Competition #2 Rewards
Krystals Distribution
Trading Competition #2 participants will have a chance of winning Krystals, Kyan’s community points:
Total Pool: 250,000 (200,000 awarded based on activity + 50,000 for the top 25 leaderboard placements)
Activity scoring will be heavily skewed toward options and multi-leg trades
Learn more about Krystals here.
Exclusive Merch Rewards
The top 10 traders will receive exclusive Kyan merchandise created specifically for this competition. These limited-edition pieces won’t be available for purchase. It’s our way of turning performance into something tangible, giving standout traders a physical reminder that they were part of this final testing phase before mainnet.
Kyan VIP
This competition also carries a special distinction for the very top performer. Only the trader who finishes first on the leaderboard will receive access to the Kyan VIP Program. This is a recognition of skill, consistency, and mastery of the platform’s most advanced tools.
What Comes Next
Everything that happens during this competition feeds directly into what comes next for Kyan. The data we gather will inform final performance tuning, risk and margin calibration, and the last round of improvements needed before mainnet.
Once Trading Competition #2 ends, Kyan will move toward a mainnet rollout, with many of the most active participants already familiar with the system and helping shape how it evolves.
If you want to test advanced onchain derivatives, compete for rewards and exclusive merch, and take part in building what Kyan becomes before real capital goes live, this is your last moment to jump in.
What Does Kyan Mean for Crypto Options?
Kyan will be a significant upgrade for anyone trading decentralized derivatives.
