How to Participate in the MetaMask Perps Competition
Step 1: Download MetaMask Mobile
Ensure that you have the latest version of MetaMask Mobile installed from the App Store or Google Play. Opt into Rewards and the competition directly within the app. Note that trades executed via the MetaMask extension also count if they originate from opted-in accounts.
Step 2: Join Rewards and Competitions
Access the Rewards tab and tap “Join Rewards” if you haven’t already participated. Following that, navigate to the perps trading Competition within Campaigns and opt in by tapping the relevant button. Participation must be confirmed before any trades to ensure they qualify for the competition, which ends on November 12, 2026.
Step 3: Fund Your Account
MetaMask operates its perpetual contracts on Hyperliquid, utilizing USDC as collateral. You have options to deposit directly or open positions using various tokens such as USDT, USDC, mUSD, ETH, BNB, or wBTC, with MetaMask handling the conversions.
Step 4: Achieve $10,000 in Notional Volume
To qualify for rewards, your trading must exceed $10,000 in notional volume. This includes leverage, meaning a $1,000 position at 10x leverage is calculated as $10,000. The competition’s stats page will track your progress toward this requirement.
Step 5: Close Positions Prior to November 12
Your ranking will reflect realized profits and losses only. Positions left open at the competition’s conclusion or initiated prior to starting will not be considered. Please note that losses may affect your overall score. You can view your ranking on the campaign page.
Step 6: Redeem Your Prize If You Are in the Top 30
Participants ranked in the top 30 will receive notifications through the app followed by email instructions from Consensys to claim their prize. Participants must complete KYC and tax forms within 14 days after being contacted. Claims must be submitted by 5:00 PM CET on November 26, 2026, and prizes will be awarded in mUSD to the wallet used for trading during the competition.
Frequently Asked Questions
Requirements
- Phone: App installation
What is MetaMask?
Established by ConsenSys in 2016, MetaMask has become the leading self-custodial cryptocurrency wallet globally. It facilitates token storage, swapping, NFT management, and access to decentralized applications (dapps), including perpetual futures trading on Ethereum and compatible networks. Additionally, holders of the MetaMask Card can use their cryptocurrency for everyday purchases.
With significant backers like SoftBank Vision Fund 2, Temasek, ParaFi Capital, Microsoft, and Coinbase Ventures, ConsenSys has raised a total of $725 million, including a $450 million Series D funding round in March 2022.
In October 2025, MetaMask launched its inaugural official on-chain rewards program, and although the CEO hinted at a potential native $MASK token, the current official stance maintains that there are no plans for such a token at this time.
