Hey Botanix community! We're thrilled to collaborate with GMX, the top permissionless decentralized Perp trading platform, on an exclusive trading competition built for you. If you're eager to explore trading or just want to try DeFi on Bitcoin, this is a great way to get started while earning real rewards.

Ready to trade? Head to GMX on Botanix now: Start Trading! 

$12,000 in stBTC for You to Win

This collaboration brings more excitement to trading on Botanix by using GMX's battle-tested Perp DEX infrastructure and its easy-to-follow Leaderboard, ranked by Profit and Loss (PnL). The event runs for six weeks, from November 3 to December 15, 2025, split into three bi-weekly cycles.

How to Join

Getting involved is simple:

• Eligibility: Connect your wallet to GMX on the Botanix network and trade perpetual contracts on the BTC/USD market

• Key Note: To appear on the leaderboard, a wallet needs to have used at least $500 in capital as collateral for positions

• Tracking: PnL is automatically logged on the leaderboard—no extra effort required.

• Ranking Rules: Just like GMX's standard Leaderboard, it's all based on PnL, with bi-weekly snapshots taken by Botanix.

This competition setup makes it easy for anyone to participate, whether you're new or experienced.

Rewards: Win stBTC as You Trade

We've set aside the equivalent of 12,000 USDT in stBTC (our yield-bearing Bitcoin asset) for the prize pool. Rewards go to the top 40 traders bi-weekly, so that you can aim for wins across multiple cycles.

• Bi-Weekly Prizes: Equivalent of 4,000 USDT in stBTC per cycle.

• Breakdown:

  • Top 5: Equivalent of 1,000 / 500 / 400 / 200 / 200 USDT in stBTC.

  • Ranks 6-10: Equivalent of 100 USDT each in stBTC.

  • Ranks 11-40: Equivalent of 40 USDT each in stBTC.

Payouts in stBTC let you start earning yields immediately—it's a practical way to grow your holdings while having fun.

Claim Your Exclusive NFT

To add a cool twist, anyone who trades at least once on GMX via Botanix during the event can mint a free limited-edition NFT!

• Eligibility: Just complete one on-chain trade.

• Design: Themed "Botanix Trader Pioneer," capped at 10,000 units.

• How to Mint: Free and simple—one-click through your Botanix wallet. The minting page will be launched at a later time.

Get Started and Stay in Touch

We'll share updates through joint announcements on Twitter and Discord, plus organize AMAs and chats to answer questions. Check our channels for tips on stBTC and NFT details. If anything's unclear, join us on Discord—we're here to help.

Ready to trade? Head to GMX on Botanix now: Click Here 

Getting Your Assets Ready: Bridging BTC to Botanix

Before you start trading, you'll need BTC on Botanix to use as collateral—it's quick and secure using our official bridge. Bridging in takes 18 Bitcoin blocks, so it will be confirmed in roughly 3 hours. For faster bridging, you can use Atomiq or Astra.

To use the official bridge, head to bridge.botanixlabs.com

• Connect your wallet

• Select the amount of BTC to bridge

• Confirm the transaction

• Claim the bridged BTC from the official bridge to your wallet

Getting Your Assets Ready: Bridging USDC to Botanix

For extra flexibility with collateral, bridge USDC or other assets from chains like Ethereum, Arbitrum, or Base using Stargate, which supports Botanix seamlessly. It usually takes a few minutes with low fees.

Visit stargate.finance/bridge

• Connect your source wallet

• Choose USDC as the asset

• Choose any chain that Stargate supports as the source  

• Choose Botanix as the destination

• Input the amount

• Approve the transfer

• You will receive the bridged USDC in your wallet

About GMX

GMX is a leading decentralized exchange for trading Perpetual Swaps and Spot on-chain, live on Arbitrum, Avalanche, Botanix, Base, BNB Chain, and Solana. The permissionless DEX allows users to trade BTC, ETH, and 90+ other top cryptocurrencies with up to 100x leverage. Traders on GMX benefit from deep liquidity, 1-click trading, reduced liquidation risks, support for multiple collateral types, a comprehensive suite of trading alerts, and next-gen execution speed. 

Trading on GMX is supported by isolated and multi-asset pools, enabling anybody to provide liquidity and earn fees from swaps, leverage trading, and market-making. With its composable GM and GLV liquidity products providing market-leading earn opportunities and its more than 80 ecosystem integrations, GMX serves as a foundational base layer for multichain DeFi.

About Botanix

Founded in 2023, Botanix Labs is the protocol research and development team that initiated and coined the Spiderchain protocol and developed Botanix, the Bitcoin-based blockchain that unlocks Bitcoin Finance. With Botanix fully decentralized and independently operated, Botanix Labs contributes through research, developer tooling, and ecosystem growth.