Deribit's Daily Tide Promotion Enters Final Hours
Deribit has announced the final hours of its daily 'Daily Tide' promotion, which rewards traders for their trading volume and short-dated options trades. The event ends at 08:00 UTC, after which a new round will begin.
The Daily Tide is part of Deribit's broader 'Island' campaign, designed to encourage traders to participate in daily trading milestones. Participants can earn USDC rewards by executing trades before the reset time, with escalating amounts based on volume tiers.
Traders who execute at least one short-dated options trade (with seven days or less to expiry) qualify for a share of 100 USDC. Higher daily trading volumes unlock additional USDC rewards and potential bonuses for top-ranked traders. Short-dated options trades can also activate reward multipliers up to 2×.