Fall Perps Trading Competition

 Terms and Conditions

Last updated October 19th, 2026 

1. Organizer

The Fall Perps Trading Competition (“the Event”) is organized and operated by MetaMask, a product of Consensys Software Inc. (“Consensys”). Perpetuals are powered by Hyperliquid which enable the underlying trading of perpetuals in eligible regions (“Perps”).

2. Event Period

The Event will run for two (2) consecutive weeks, from October 29th, 2026 to November 12th, 2026 (the “Event Period”). Only trading activity occurring during the Event Period and conditional upon successful opt‑in (see Section 3 - Eligibility) will be considered for ranking and rewards.

3. Eligibility

Unless otherwise stated, this competition is open to all natural persons except employees of Consensys, their families, agents or any third party directly associated with administration of the Event.

Participation is open only to individuals who:

• Are 18 years or older.
• Register to participate via the MetaMask app and affirmatively opt in to the Event on or before the opt-in deadline of November 12th, 2026.
• Have only one entry per person (one participating MetaMask Rewards profile per individual).
• Are actively participating in the Event by trading Perpetual (Perps) products via MetaMask during the Event Period. This means (i) completing a minimum of $10,000 in notional Perps trading volume (USD equivalent, inclusive of leverage, MetaMask builder code only) during the Event Period, (ii) generating realized (closed) Profit and Loss (PnL) from qualifying trades executed via MetaMask, and (iii) remaining opted in through the end of the Event Period.
• Reside in a jurisdiction where participation in the Event is lawful and not restricted, sanctioned, or otherwise prohibited by Consensys (“Eligible Jurisdictions”). For eligibility, see here [https://support.metamask.io/manage-crypto/trade/perps/equity-perps/].
• Comply at all times with MetaMask’s Terms of Use and all relevant laws and regulations.

Participation is based on a user’s MetaMask Rewards profile. Where a user has multiple wallet addresses associated with their profile, all qualifying trading activity across those wallet addresses will be aggregated for the purposes of ranking.

Only Perps trading activity conducted via MetaMask and tagged with the MetaMask builder code during the Event Period and conditional upon successful opt-in will be counted toward ranking. Your ranking is based on realized (closed) PnL from qualifying trades. That means positions must be both opened and closed during the competition window to count. Positions opened before the campaign or left open when the competition ends won’t count toward your competition PnL.

In entering, you confirm that you are eligible to do so and eligible to claim any prize you may win. Consensys may require you to provide proof that you are eligible to enter the Event and may disqualify you if you fail to provide such proof. This includes completing all required KYC/AML and account verification steps requested by Consensys.

Consensys reserves all rights to disqualify you if your conduct is contrary to the spirit or intention of the Event or if you fail to meet any qualification requirement, including any requirements under Section 5 - Claiming Rewards.

The Event is not available to residents of jurisdictions that Consensys designates as ineligible on the competition page or where promotions of this type are prohibited by law.

By submitting an entry, you are agreeing to be bound by these Terms and Conditions. If you have any questions, please contact notices@consensys.net. Consensys reserves the right to refuse entry, or refuse to award a prize to anyone in breach of these terms and conditions.

4. Reward Structure

Rewards and experiences are limited and are issued to eligible participants based on final ranking.  Consensys makes no guarantees regarding participant eligibility for specific prizes.

Participants will compete based on Total Realized (closed) PnL generated from qualifying Perps trades during the Event Period.

Rankings will be determined based on Total Realized PnL (MetaMask builder code only) across all wallet addresses associated with a participant’s Rewards profile.

Consensys’ rankings shall be final and binding absent manifest error.

At the end of the Event Period, the top thirty (30) participants will receive a share of a total reward pool of up to US$100,000 in MetaMask USD (“mUSD”) (the “Rewards”). The final reward pool amount will scale based on total trading volume achieved during the Event Period, as described on the Event page. The allocation by rank (for example, specific amounts for ranks 1–30) will be as stated on the Event page. In the event of a tie in PnL, ranking will be determined by total notional trading volume during the Event Period.

Consensys may adjust, substitute, or modify the form of Rewards (e.g., fiat, stablecoins, or other digital assets) as reasonably necessary, and any such details will be disclosed on the Event page.

Only accounts in good standing at the time of reward distribution are eligible to receive Rewards.

5. Claiming Rewards

To qualify for entry, individuals must opt-in via the MetaMask app sign-up for the Event or any other designated external site notified by Consensys to you. Rewards will be notified via in-app notification via the MetaMask app and/or push notifications (if permitted).

Winners will be required to contact Consensys through a designated email address to initiate the reward claim process and provide any required information as outlined below.

All rewards must be submitted for claim by 5:00 PM CET on November 26th, 2026. Winners who do not initiate a claim by this date forfeit their reward. Entries received after the stated closing date or entries which are incomplete will not be accepted.

All  rewards will be distributed in mUSD tokens to eligible wallets.

Receipt of any Reward is conditioned on the winner:

• Completing any required identity, KYC, and sanctions screening;
• Completing, signing, and returning all required tax forms (for example, Form W‑9, W‑8BEN, or local equivalents) within fourteen (14) days of request; and
• Providing any additional information reasonably requested to enable Consensys to comply with its legal and tax obligations.

Rewards will only be distributed to wallet addresses that participated (traded) in the Event and are associated with the participant’s MetaMask Rewards profile at the time of participation.

Participants may not designate or request distribution of Rewards to any wallet address that did not participate in the Event or is not associated with their MetaMask Rewards profile. Consensys reserves the right to verify wallet eligibility prior to distribution and may refuse or withhold Rewards where it reasonably suspects fraud, impersonation, or unauthorized access.

Consensys may withhold taxes from Rewards where required by law. Participants are solely responsible for any taxes, duties, or other charges arising from receipt of a Reward. If a winner fails to complete required documentation or verification within the specified timeframe, the Reward may be forfeited, and Consensys may, but is not required to, reallocate such Reward.

Your participation or Reward may be refused, revoked, or forfeited if Consensys is unable, after reasonable efforts, to contact you using the details associated with your MetaMask registration.

6. Limitations & Fair Use

Participants must not engage in manipulative, abusive, or fraudulent behavior, including, without limitation: wash trading, spoofing, self‑dealing, coordinated trading among related accounts, use of multiple accounts, or any attempt to artificially inflate trading volume or portfolio performance. Participants must not use multiple wallet addresses to attempt to claim duplicate rewards.

Consensys reserves the right to refuse entry, or refuse to award a prize to anyone in breach of these terms and conditions or any applicable MetaMask policies.

Consensys will not accept responsibility for entries that are lost, mislaid, damaged or delayed in transit, regardless of cause, including for example, as a result of any equipment failure, technical malfunction, systems, satellite, network, server, computer hardware or software of any kind.

The prize is non-exchangeable, non-transferable and no cash alternative is offered. Consensys reserves the right to replace the prize with an alternative prize of equal or higher value if circumstances beyond Consensys’s control makes it necessary to do so.

The decision of Consensys regarding any aspect of the Event or competition is final and binding and no correspondence will be entered into. Consensys reserves the right to void, cancel, suspend or amend the Event where it becomes necessary to do so.

7. Data Privacy

By participating, you acknowledge that certain information (e.g., wallet address, email) may be collected for the purposes of reward delivery. To understand how Consensys Software, Inc. may process your personal information, please see Consensys’ Privacy Notice.

By entering, you agree that any personal information provided by you with your entry may be held and used by Consensys or its agents and suppliers to administer the Event.

Third-party providers supporting technical infrastructure (e.g., leaderboard functionality) will process only publicly available on-chain wallet data and will not receive user-level identity or account information.

8. Disclaimer

Consensys (trading as MetaMask) is not responsible for lost, misdirected, or unclaimed rewards.

Insofar as is permitted by law, Consensys, its agents or distributors will not in any circumstances be responsible or liable to compensate the winner or accept any liability for any loss, damage, personal injury or death occurring as a result of taking up the prize except where it is caused by the negligence of Consensys, its agents or distributors or that of their employees. Your statutory rights are not affected.

Inventory is limited, and Consensys makes no guarantees regarding participant eligibility for specific prizes.

Participation in the Event and any trading activity you undertake does not constitute investment advice or a recommendation by Consensys. You are solely responsible for your own trading decisions and should carefully consider your financial situation and risk tolerance.

9. Governing law

All our prize draws and competitions will be governed by the laws of the State of Texas. 

Consensys reserves the right to update these Terms and Conditions from time to time and any updated version will be effective as soon as it is published on the website.

Consensys may modify, suspend, or cancel the Event at any time where necessary to comply with law or regulatory guidance, to address technical or security issues, or in response to fraud, abuse, or other circumstances beyond its reasonable control.