Campaigns
This article provides information about current campaigns. For information about past campaigns, or upcoming campaigns, head to the 'Rewards' tab in MetaMask Mobile, and then click the arrow next to 'Campaigns'.
MetaMask Rewards currently has two live campaigns: the Perps Trading Competition and the Ondo Global Markets Challenge.
Perps Trading Competition
The Perps Trading Competition (powered by Hyperliquid) offers a prize pool of up to $50,000 mUSD by trading perpetual futures via MetaMask.
Perps, shorthand for perpetual futures, are a type of trading that allow you to speculate on the future price of an asset without owning it. You can open a long position to speculate on the asset price going up, or a short position to speculate on the asset price going down. For more information, check out our perps guides.
Make sure you have MetaMask Mobile version 7.80 or later installed.
How to participate
The campaign runs June 9th–June 23rd, 2026. To get started, you'll need to opt into the campaign by visiting the campaign details page on the 'Rewards' tab. If you do not opt into the campaign itself, any perps trades you make will not qualify for the competition.
To opt-in to the Perps Trading Competition, visit the 'Rewards' tab on MetaMask Mobile (version 7.80 or later). Then, click on the 'Perps Trading Competition' card.
The following screens will share the campaign details. Finally, click 'Opt in' to agree to the campaign terms and conditions and get started.
Eligible trades
Once you've opted into the campaign, any perps trades you make via MetaMask Perps during the campaign period will be included in your campaign portfolio. That means, if you made a trade during the campaign dates before you opted-in, this will count towards your PnL. You can trade perps on MetaMask Mobile or MetaMask Extension.
You cannot monitor your Rewards progress on MetaMask Extension. Make sure any trades made on Extension are associated with an address linked to your Rewards profile on Mobile.
You need to trade at least $25,000 in notional volume during the campaign. Notional volume is the total value of your position. It represents the full trade size you're controlling, not just the margin you put up. Example: $1,000 margin at 10× leverage = $10,000 notional value.
Trades opened before the campaign begins are not eligible for your campaign progress, and trades must be closed before the campaign ends to contribute to the realized PnL.
Any accounts opted in to your MetaMask Rewards profile can make eligible trades.
Geographical eligibility
The Perps Trading Competition has the same geographical eligibility as MetaMask Perps through Hyperliquid. For an up to date list of eligibility, see the FAQs here.
Campaign winners and prize pool
Winners are decided by the total realized profit and loss (PnL) of their campaign portfolio at the time the campaign ends. Realized PnL comes from closed positions. Unrealized PnL from open trades will not count toward the leaderboard.
The prize pool scales with total trading volume reached during the campaign, for a total reward pool of up to $50,000. The top 20 traders will divide the prize pool, with the first place winner receiving the largest percentage, second place receiving the next largest percentage, and so on. At any time, you can see where you rank on the leaderboard by opening the campaign page.
Winners will be notified via MetaMask Mobile after the campaign ends. Winners will need to complete required tax information before receiving rewards. Consensys will withhold taxes from rewards where required by law.
For more information and eligibility, see the campaign terms and conditions.
FAQs
What is the timeline for this campaign?
The campaign starts at 9am EDT on June 9th, and ends at 9am EDT on June 23rd.
Can I enter this campaign more than once?
No. You can only enter the campaign once, via one MetaMask Rewards profile. Likewise, each MetaMask Rewards profile is only eligible to win once for this campaign.
How many winners are there, and how are rewards divided up?
The top 20 traders will win rewards. If the full $50,000 mUSD prize pool is reached, the rewards will be divided based on the following breakdown:
- 1st place: $15,000
- 2nd: $10,000
- 3rd: $5,000
- 4th–10th: $2,000 each
- 11th–20th: $600 each
If the total campaign volume doesn't unlock the full $50,000 mUSD, prize amounts scale proportionally, subject to eligibility. Read the campaign terms and conditions for more information.
How will I know if I've won?
Check the campaign details page in the MetaMask mobile app to see your rank. At the end of the competition, you can view your final ranking. You will also receive a notification from MetaMask (make sure you have notifications turned on!). If you finished in the top 20, follow the instructions in MetaMask Mobile to claim your reward.
What happens in a tie?
In a tie, the participant with the higher qualifying notional trading volume will rank higher.
Do my trades need to meet any technical requirements to count?
Yes. Eligible trades must be made through MetaMask Perps (powered by Hyperliquid) on Mobile or Extension. All trades must be tagged with MetaMask builder code, which happens automatically when you trade through MetaMask. If you trade directly on Hyperliquid or through another interface, those trades won't count.
Ondo Global Markets challenge
The Ondo Global Markets Challenge, offered in partnership with Ondo Global Markets, features up to $100,000 in prizes by trading 250+ tokenized assets.
Tokenized assets are real-world assets (RWA) represented onchain as tokens. For more information, see our support article, Accessing tokenized stocks and ETFs in MetaMask.
Make sure you are using MetaMask Mobile version 7.76 or later to participate in this campaign.
How does it work?
At the end of the challenge, the top five (5) traders in each tier (fifteen (15) total eligible participants) will be eligible to receive a share of a total reward pool which is based on volume threshold throughout the event of up to $100,000. The top traders are determined by the "Scoring Methodology" below.
The initial prize pool starts at $25,000; as more users join and trade, the reward pool can grow until it reaches up to $100,000. To track the progress of the reward pool, open the campaign in MetaMask Mobile.
To join the campaign, you must first opt-in, which means you are agreeing to the campaign's unique rules, found here.
To receive rewards at the end of the campaign, you must adhere to the eligibility rules and other conditions. If any of the rules are not followed, you will not be able to receive any rewards.
Scoring methodology
The campaign is divided into three tiers: Bronze, Silver, and Platinum. At the end of the campaign, the top five traders based on portfolio rate of return (%) from each tier will be eligible to earn a share of the prize pool. The Platinum tier will earn the biggest share, then Silver, then Bronze.
You are placed in a tier based on the value of your swap(s) into a tokenized asset:
- Bronze: $100+ deposit
- Silver: $5,000+ deposit
- Platinum: $20,000+ deposit
Deposits must be new and placed within the campaign's timeframe. You are ranked based on your portfolio of positions opened during the campaign, so you can open as many positions as you'd like.
Eligible swaps must be from a stablecoin, such as USDC or USDT, into a tokenized asset provided by Ondo. Swaps must be made on ETH Mainnet or BSC; cross-chain swaps are not eligible.
After you've made your initial swap, you must hold your position for 10+ days in MetaMask, and through the final snapshot at the end of the campaign. During this time, you can rebalance by swapping one Ondo Global Markets asset for another. If you close your portfolio before the campaign ends, or swap into a non-Ondo Global Markets asset like ETH, your trade will not count toward the competition.
Only trading activity in qualifying Ondo Global Markets assets conducted via MetaMask after successful opt‑in and during the event period (as defined in the rules) will be counted toward your portfolio performance and ranking. Only swaps in Ondo Global Markets assets count (example: $GOOGLon), swaps in $ONDO tokens do not count.
Any positions opened during the campaign, held for 10+ days, and held through the final snapshot at the end of the campaign will be counted toward your leaderboard ranking. Rankings are based on the total portfolio rate of return (%) gained on your new positions. Your portfolio value will be ranked against other traders in your same tier (Bronze, Silver, Platinum).
You can track your progress in the Ondo Global Markets campaign details page in MetaMask Mobile.
FAQs
What is the timeline for this campaign?
The challenge will run for five (5) consecutive weeks, from May 14th, 2026 to June 18th, 2026. Only trading activity occurring during the campaign and after successful opt‑in will be considered for ranking and rewards.
Can I change tiers?
Yes! If you swap more assets into a Ondo Global Markets asset, you may qualify for a higher tier. Similarly, you may also be moved down tiers when closing positions.
The 10 day threshold is per tier – you need to hold assets at a new tier's threshold for at least 10 days, regardless of how long you were in a different tier. You can think of each tier as having its own clock – your clock for each tier starts at zero days. If you move tiers, the new tier's clock will start.
When you move to a higher tier, the previous tier's clock continues to progress, as you have met that minimum value threshold. However, when you move down to a lower tier, the higher tier's clock will pause.
For example, if you have 5 days in the Bronze tier, and then move to the Silver tier, you need a full 10 days in the Silver tier. If you then spend 6 days in the Silver tier, and then move back down to the Bronze tier, you will have reached the 10 day threshold for the Bronze tier by holding assets of a Bronze tier value or higher for 11 days.
How do I redeem my rewards?
Please refer to the campaign rules. Winners will be notified via the Rewards tab and/or by in-app notifications at the end of the competition. If you have won, follow the instructions in the notification.
You will need to provide tax documentation to receive your rewards, in compliance with local regulations and the campaign rules.