Reya is an L2 network that operates the Reya DEX for perpetual contracts. The point program will be distributed across the entire network, but current point farming only involves interactions with the DEX. The chain is expected to be one of the fastest EVM roll-ups, with a throughput of up to 30,000 transactions per second.

What Is Reya?

The team has not announced any details about the airdrop, only the point campaign is active now. Reya has a Ranking system: each user gets Rank depending on their XP amount each week. After a week finishes, users can claim their rank. The whole lists of ranks can be found <a href="https://docs.reya.network/incentives-program/what-are-ranks">here</a>.

How to Get the Airdrop?

Coinbase

Framework Ventures

Wintermute

Brevan Howard Digital

Reya

USDC Supply

Reya Network supports only deposits in USDC to provide liquidity for traders. Deposits can be made on Ethereum, Optimism, Polygon, Arbitrum, and Base. If you don’t own USDC, swap your assets <a href="https://app.notum.ai/swap?assetFrom=0x0000000000000000000000000000000000000000&amp;chainIdFrom=137&amp;assetTo=0x2791bca1f2de4661ed88a30c99a7a9449aa84174&amp;chainIdTo=137">here</a> with 1-click.<ol><li>Visit Reya Network <a href="https://reya.network/lp-pool">webpage</a>; <img src="https://storage.googleapis.com/notum-platform/airdrop-strategies/reyahome-1.png" width="2858" height="1426"></li><li>Select any statue, and the platform will randomly grant you an additional XP boost ranging from 1x to 10x;</li><li>Stay on the “Deposit” section and select the network to bridge USDC from; <img src="https://storage.googleapis.com/notum-platform/airdrop-strategies/reyadeposit-1.png" width="752" height="1240"></li><li>Select the amount and click “Deposit.” <img src="https://storage.googleapis.com/notum-platform/airdrop-strategies/reyadep-1.png" width="720" height="1072"></li><li>Confirm the transaction in the wallet;</li><li>Visit <a href="https://reya.network/lp-pool">Reya LP Pool</a> every 2 days to update your boost.</li></ol>

The lower the leverage, the safer your assets are. Choose higher values based on your risk appetite.

Leverage Risk

ETH Hedging

Users, who lock their ETH (LST, LRT) in other protocols and do not want to take price risk, can hedge their tokens using Reya ETH/rUSD contract.<ol><li>Visit Reya DEX and click the “Deposit” located in the right corner near the "Balance”; <img src="https://storage.googleapis.com/notum-platform/airdrop-strategies/ethrusd-1.png" width="2860" height="1352"></li><li>Select the network to bridge USDC. The money bridged as liquidity to the Reya Network cannot be used here; <img src="https://storage.googleapis.com/notum-platform/airdrop-strategies/rusdbridge.png" width="798" height="946"></li><li>Choose the amount of USDC to bridge using the formula: dollar value of your ETH position / leverage size (e.g., $3800 / 5x = $760 if you invested 1 ETH); <img src="https://storage.googleapis.com/notum-platform/airdrop-strategies/rusdamount.png" width="756" height="944"></li><li>Click “Deposit”;</li><li>Choose the “SELL” option and pick the chosen leverage size (e.g., 5x);</li><li>Enter the chosen amount of rUSD and click “Deposit”; <img src="https://storage.googleapis.com/notum-platform/airdrop-strategies/sellrusd.png" width="744" height="1218"></li><li>Get 1 XP for every $1,000 of Open Interest (OI) per minute. This means you are not required to do additional actions; points will be accrued automatically. In this case, IO = your position size.</li></ol>

The lower the leverage, the safer your assets are. Choose higher values at your own risk.

Reya & KiloEx ETH Hedging

To harvest Reya points and try luck in KiloEx airdrop at the same time. Users can run a delta-neutral ETH strategy using perpetual contracts from both exchanges.<ol><li>Open a BUY (Long) position on KiloEx using our <a href="https://app.notum.ai/airdrop/5e545f0c-00e1-4f65-85b8-66007c62c5ec">guide</a> considering leverage size;</li><li>Depending on the chosen amount, open a SELL (Short) position on Reya DEX.</li><li>Ensure that you have the same amount on both exchanges and positions are opened simultaneously;</li><li>Get 1 XP for every $1,000 of Open Interest (OI) per minute on Reya. Get 1 Point for every $29 traded on KiloEX.</li></ol>

Reya

Quick info

Current TVL

Networks

Networks

Funds raised

Investors

Investors

Pros

Cons

How to Get the Reya Airdrop?

What Is Reya?

How to Get the Airdrop?