The PnL leaderboard it seems corrupted
Any update as the leaderboard is not correct representation
Yes, the Week 2 leaderboard is still showing for Week 3. My account had approximately $1,000 in PnL for Week 2 and around $200 in PnL for Week 3, but my account is not appearing on the leaderboard. Has anyone received rewards from this campaign? Were the rewards distributed for the first week? Who is receiving the rewards? There have been no updates, and we are already in Week 3.
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Yeah the trading competition UI/UX and transparency is not great atm.
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During the active week updates seem to be every 8-12 hours rather than real-time, or close to it; on top of that the updates don’t seem to be consistent or make sense. Sometimes the updates look like they’re lagging by several days, and then some days they are not.
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No real telegraph as to what volume bracket you are in, seen people atop the leaderboard with a few million PNL and I’d assume they would be in the $500 Million bracket rather than below it. We can deduce this by the prize amount on the rightmost column, but still needs better UX design here.
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We don’t get a printout of the leaderboards at End of Week, for every volume tier and the address they were issued out to.
Also kind of weird to me that we are celebrating $ PNL rather than ROI%?
Every trading comp I’ve participated in for the last 15 years in both FOREX and Crypto has always been a Percentage Return on Investment, rather than capital, as then that can just be gamified with who has the biggest pockets, rather than the better trader.
Currently just feels like a Poker Cash Game, you bust out, just reload with more cash at a different table ( different account ) and just re-try for the leaderboard. No real incentive for better traders, you’re just going to get played out by the person who has more capital to keep reloading under a new wallet.
As it stands now, you can place in the top 50 by just not trading at all until the last day and taking a modest gamble as the trading week expires. This is why ROI % is industry standard practice in leveraged trading markets.
From Dukascopy to Bybit.
Would like some feedback please @eguegu @chaoslabs
Cheers
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I think PNL is more reasonable than ROI. For ROI, everyone will just take $10 to gamble, leveraging it to 50x, either result in a very high ROI or liquidation.
The final rankings and analytics for the November Trading Leagues are now available here.
To receive your rewards, all eligible traders must submit a claim by January 31st using the following link: Trading League Rewards | $1M up for grabs.
The distribution of rewards will begin on January 5th and will be completed within 14 days of your claim submission. Please be aware that the dYdX token price for reward distribution is set at $0.33, as stated in the original forum post.
Rewards will be distributed in one cumulative distribution, rather than in separate weekly payouts.
Hi dYdX community,
We would like to provide an update on the claims process for the Trading League Pilot Program.
We have processed 37 claims, totaling 572,727.27 DYDX.
Initially, we received 3,030,303.03 DYDX from the Community Treasury. This amount was held in custody by the dYdX Treasury SubDAO for distribution to the winners.
Of this amount, 2,348,484.84 DYDX was transferred to an address controlled by us. The remaining 681,818 DYDX is still in the custody of the Treasury SubDAO. We have arranged for 1,775,757.58 DYDX to be transferred back to the Community Treasury and will separately coordinate with the Treasury SubDAO to transfer the tokens remaining in their custody.