Competitions and promotions

Bitget launches spot LSDETF — trade to grab a share of 20,000 LSDETF

2023-04-12 10:15076

Bitget launches spot LSDETF — trade to grab a share of 20,000 LSDETF image 0

Global Bitgetters,

Bitget has officially launched Liquid Staking Derivatives Exchange-Traded Funds (LSDETF), an index fund product that effectively tracks the price trends of popular assets in the liquid staking derivatives segment. LSDETF will be listed in the ETF zone on April 12, 2023.

What is LSDETF?

LSDETF is a spot ETF designed to track the price trends of popular assets in the liquid staking derivatives segment.

Details:

Index: LSDETF

Unit: USDT

Listing date: April 12, 2023

Components: Popular assets in the liquid staking derivatives segment.

Derivative weights: LDO (40%), SSV (25%), RPL (20%), PENDLE (10%), and LSD (5%). The weights are proportional to asset market value and adjusted in real time according to market changes.

Promotion duration: April 12, 8 PM – April 19, 8 PM (UTC+8)

Promotion Details:

Trade LSDETF/USDT to grab a share of 20,000 LSDETF.

Make a first trade of 100 USDT to get 2 LSDETF.

Reach 1000 USDT total trading volume to get 5 LSDETF.

Reach 10,000 USDT total trading volume to get 10 LSDETF.

Rules:

You must register to participate.

If a user participates in several promotions of the same type, they will only receive the rewards from one of the promotions. The winners will be finalized and rewards issued within 7 working days after the promotion ends. LSDETF rewards can be sold for USDT, and then traded, transferred, or withdrawn.

This promotion is only available to primary accounts.

Fraudulent behavior such as wash trading or matching orders is strictly prohibited. If a user is found to have affected the promotion's proceedings due to any violation of the promotion rules, Bitget shall immediately disqualify the user. In case of serious violations, the responsible account may also be frozen.