Deribit Boosts Short-Term Options Rewards with Double USDC Reward

Deribit has announced an update to its Daily Tide reward multiplier. Traders can now double their daily USDC reward from 250 to 500 by executing at least one short-dated options trade with a maximum duration of seven days before the multiplier resets at 8:00 UTC.

If no eligible trade is completed within the period, the multiplier does not apply. This change aims to incentivize traders to engage in more frequent and shorter-term trades on the platform.