Deribit's 'Daily Tide' Event Enters Final Two Hours

Deribit has announced the final two hours of its 'Daily Tide' trading event, which offers USDC rewards to users who make at least one trade before the daily reset at 8:00 UTC.

The event is part of Deribit's broader 'Island' campaign, designed to encourage user engagement through tiered and gamified incentives. Users who execute at least one trade become eligible to share a reward pool of 100 USDC, while higher trading volumes may unlock additional random prizes and a top trader bonus.

To further increase potential rewards, users can execute short-dated options trades with an expiry of seven days or less through the Order Book, which applies up to a 2× multiplier to daily earnings. The event concludes at the daily reset of 8:00 UTC.