Carbon Targets Rival DEX Users with Retroactive Points
Carbon, a decentralized exchange on the Arbitrum network, is attempting to capture market share by rewarding users for their past trading activity on competing platforms. Its new "Momentum Program" analyzes a wallet's history across more than 30 perpetuals exchanges, including Hyperliquid, GMX, and Synthetix, to generate a "Perps Score." This score determines an immediate allocation of up to 10,000 points and a Season 1 rewards multiplier of up to 100%. By rewarding established on-chain traders, Carbon aims to attract experienced users directly from its largest competitors rather than requiring them to build a new platform history from scratch.
Traders Must Complete Up to $50,000 in Volume to Claim Rewards
Accessing these retroactively earned points is contingent upon new platform activity. To unlock their Momentum rewards, participants must complete a minimum trading volume of $1,000 on Carbon. This requirement scales up to $50,000 for users who received a larger initial points allocation. Existing trading volume on Carbon or its affiliate IntentX also counts toward this threshold. Further points are earned for all trading activity, amplified by the Season 1 multiplier. The platform also incentivizes growth through a referral system, where referrers earn 20% of their referrals' points and new users receive a 10% bonus. Additionally, traders can receive fee rebates of up to 60%, depending on their 30-day volume rank.
Upcoming CLP Vaults Signal Future Point Opportunities
While the current focus is on trading volume, Carbon plans to expand its rewards system to liquidity providers. The platform has announced upcoming Carbon Liquidity Provider (CLP) Vaults, which will target an annual percentage rate (APR) of 20-40% and are expected to introduce new mechanics for earning points. Despite the detailed points system, Carbon has not officially confirmed plans for a token. The program represents a strategic effort to build a dedicated user base in advance of a potential, but still speculative, future token airdrop.
