Pacifica Offers 20% Bonus to Traders Affected by Liquidations

Pacifica expands December incentives with 10 million weekly points and fee reductions for active users, aiming to boost engagement and trading activity.

SOL

Summary

Pacifica announced that, starting Dec. 4, it will allocate 10 million weekly points to active users based on trading volume. Eligible traders can benefit from fees as low as 0.028% and zero maker fees for maintaining 14 consecutive days of trading activity. The SOL-based perpetual contract platform also reported slight gains in 24-hour trading volume, with high-frequency and high-leverage accounts achieving modest profits. This initiative complements the earlier December offer of a 20% points bonus to users affected by liquidations in October and November.

Terms & Concepts
  • Liquidation: A process where an exchange closes a trader's position due to insufficient margin to cover potential losses.
  • Points Bonus: An additional reward in the form of loyalty or trading points, often redeemable for platform benefits or fee discounts.
  • Maker Fee: A fee charged to traders who add liquidity to the market by placing limit orders; often lower than taker fees.