Maintenance Announcement: The End of Stage 1
Stage 1 of the Kyan Trading Competition is nearly complete.
On Sunday Nov 30th at 7pm UTC / 2pm EST, Kyan will experience a maintenance downtime for 24 hours
All users will have their Kyan account equity reset to 250k testnet USDC
Following the downtime, Stage 2 will begin with 25,000 USDC in cash rewards in store for participants
Keep reading to learn everything you need to know about Stage 2 activities.
Stage 2 of the Kyan Trading Competition begins this Monday, December 1, and it comes with new rewards, new quests, and a 25,000 USDC prize pool.
This is your moment to climb the leaderboard, show off your skills, and maximize your rewards. Stage 2 will last from December 1 to December 14, ending the competition.
Let’s break down everything that’s launching after the weekend.
New Layer3 Quest
We’re rolling out a brand new multi-step Layer3 quest designed to deepen your trading experience across Kyan and the broader Premia ecosystem. The quest includes five tasks:
Stage 2 Layer3 Quest Tasks
Like & retweet our Stage 2 prize pool announcement
Complete the “Portfolio Margin” course on academy.premia.blue
Trade an option on Kyan
Trade a perp on Kyan
Create a combo trade on Kyan
We will be sharing the link to the quest on Monday, once it goes live, so keep an eye on our Discord and X.
25,000 USDC Prize Pool
To be clear, we’re talking about real USDC, not the testnet money you’ve been trading with. The Stage 2 cash prizes are now locked in.
Here’s how the 25,000 USDC will be distributed:
1st Place: 10,000 USDC
2nd Place: 5,000 USDC
3rd Place: 2,000 USDC
4th Place: 2,000 USDC
5th Place: 2,000 USDC
6th–25th Place: 200 USDC each
Kyan Cash Prizes Distribution
Your leaderboard rank will determine exactly where you land.
800,000 Krystals
We are distributing 800,000 Krystals during Stage 2.
Unlike the USDC prize pool, Krystals are not strictly tied to leaderboard placement. They’ll be awarded based on a variety of factors including participation, community engagement, quest completion, helpfulness, and overall contributions to the ecosystem.
If you want to maximize your Krystals, stay active both on-chain and in the community.
To learn more about Krystals, check out this article.
Note: The final Krystal distribution remains at our sole discretion; we don’t take kindly to those that aim to overload the system outside of the bounds of normal trading activities.
5× Kyan VIP Program Access
In Stage 2, we’re giving out five exclusive access passes to the Kyan VIP Program. It’s a premium tier designed for standout traders and contributors.
VIP spots will be awarded based on exceptional performance and contributions across the competition, not only leaderboard placement.
More details about the VIP program coming soon.
Stage 2 Is Coming
With a brand new Layer3 quest, a full 25,000 USDC prize pool, 800,000 Krystals, and five exclusive VIP passes on the line, Stage 2 is your moment to push harder, trade smarter, and show what you can do.
Whether you’re hunting a top-five finish, stacking Krystals, discovering new strategies, or just enjoying the competition with the community, every action you take in Stage 2 helps shape the future of Kyan.
We’ll see you on the leaderboard!
What Does Kyan Mean for Crypto Options?
Kyan will be a significant upgrade for anyone trading decentralized derivatives.
