XP/Gold & Blindboxes

Certain trades earn you Gold, which is a mechanism for us to reward down the road.

Trading XP in Season 1 is known as XP, known as Gold in Season 2. The mechanism to earn it is slightly different.

You are advised to execute trading strategies and trade with the intention to make profits instead of incentivizing only trading volume. We reserve the right to remove any benefits for unfair trading practices.

Q: Which trades earn XP? A: In general, when trades incur builder fees, they will award you XP. The fees can be seen here: https://basedapp.gitbook.io/docs/based/fees Some additional details: What earns you XP:

  • Perps trading and Spot sells

  • Additional methods depending on season

What does not earn you XP:

  • Spot buys

  • Vaults currently does not provide XP

  • TWAP orders do not contribute to XP unless you do twap with privacy mode activated and your tab open

    • Twap with privacy mode is only on web terminal

    • To enable, select twap and then tick on privacy mode

  • Liquidated positions

For more details, see here. You should be able to see your XP in the "leaderboard" page in Web terminal, or "rewards" tab in mobile app.

Q: How do I calculate the XP earned?

Q: I am trading using API. Will I get penalized? A: As long as you are using Based properly, you should be fine. XP is earned if you pay builder fees. Some details:

  • No secret key is required.

  • You can find the Client ID in Hyperliquid's docs.

  • All required docs are in our API Section or in Hyperliquid docs.

Q: How much volume do I need to earn a blind box? A: There is no guarantee and it is a probability game, much like a gachapon game. In general, the more you trade, the higher your chance of getting a box.

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