Phemex, a crypto exchange that prioritizes its users, has launched a structured reward program for its newly added trading pairs, LIT and MAGMA. Scheduled to run from December 31, 2025, to January 7, 2026, the initiative offers a total reward pool of 30,000 USDT aimed at boosting liquidity and fostering market activity within Phemex’s derivatives ecosystem.
The program highlights two innovative infrastructures in the DeFi space. Lighter (LIT) operates as an order-book DEX, emphasizing institutional-level capital efficiency and rapid trade execution. Magma Finance (MAGMA) is an AMM DEX tailored for MOVE-based blockchains, featuring a liquidity incentive system that aligns the interests of traders, governance participants, and liquidity providers.
To encourage balanced participation, Phemex has divided the 30,000 USDT pool into two distinct categories:
Reward Structure:
Engagement-Based Pool (10,000 USDT): Focused on general user activities such as social referrals and daily trading achievements, this pool aims to expand the user community around these emerging protocols. Volume-Driven Competition (20,000 USDT): A competitive track rewarding futures trading volumes for LIT and MAGMA. Prizes are allocated according to rankings, with the top three traders eligible for substantial rewards, including a maximum individual payout of 4,000 USDT. The program highlights two innovative infrastructures in the DeFi space. Lighter (LIT) operates as an order-book DEX, emphasizing institutional-level capital efficiency and rapid trade execution. Magma Finance (MAGMA) is an AMM DEX tailored for MOVE-based blockchains, featuring a liquidity incentive system that aligns the interests of traders, governance participants, and liquidity providers.
To encourage balanced participation, Phemex has divided the 30,000 USDT pool into two distinct categories:
Reward Structure:
By integrating these cutting-edge protocols, Phemex continues to enhance its high-performance trading platform, offering users access to the latest developments in order-book and MOVE-based AMM technologies.