@nadoHQ

Distribution is the bottleneck for onchain trading. Most crypto growth recycles the same CT audience. We're hiring someone to go past it. Nado is opening a role: Affiliate Relationship Growth Manager. Non-APAC mandate. The job is to bring traders onchain from the channels most protocols never reach: affiliates, creators, newsletters, trading communities, and platforms like Whop. You've run affiliate growth in both web2 and web3, you have relationships you can call today, and you've actually operated on Whop. If that's you, DM us, if that’s a friend, share this with them.

Heavily requested. $PENG is now live to long or short on Nado. Penguin Solutions builds the compute behind enterprise AI, high-performance systems and custom AI factories for the firms deploying it at scale. Nado is one of the only crypto-native venues where you can trade it. For a limited time, earn 4x points on PENG for both maker and taker orders.

Check your points. This week's stats: Total volume: $1.06B Daily average: $152M 313,612 points split across all Nado traders. See where you landed. https://t.co/x7shpEyzN9

Post @xStocksFi as collateral for your trades. AAPLx, METAx, GOOGLx, TSLAx and NVDAx are now live for spot trading on Nado. Equity exposure, perps and money market positions are evaluated together under one risk engine. Tokenized stocks backing any position you hold. Native on Nado.

Nado’s $100K Trading Competition is a contest for traders. A number of accounts tried to game it through coordinated, large-scale manipulation. Here's what was found, and what is changing on the leaderboard. First, a shoutout to two longtime community members who brought this to light. @muarmemuar flagged the suspicious accounts near the top of the leaderboard and posted an on-chain breakdown, conducted by @jekich0id_xbt and who helped identify further accounts that violated the competition rules. Their work was corroborated by independent on-chain analysis from @Delphi_Digital Consulting team. Based on that analysis, Nado determined that a number of individuals were running clusters of accounts to climb the ROI leaderboard. While operating dozens-to-hundreds of accounts may not be expressly prohibited, these account families were also found to engage in activities that are prohibited under the competition rules. More specifically, Nado identified multiple patterns of prohibited activity, including market manipulation across FX perp markets and extensive self referral activity, each spanning a large number of accounts. Going forward, Delphi will support due diligence for future Nado Trading Competitions. Self-referral & sybil activities. Nado has determined that such activities constitute manipulation and abuse of the competition structure, and has exercised its discretion under the competition rules to disqualify the accounts involved. Over six hundred accounts will be disqualified from the ROI and Volume leaderboards on this basis. Market manipulation. Another set of accounts were found to be self-trading and displaying other forms of market manipulation across FX perp markets, also prohibited under the competition rules. Over forty accounts will be disqualified from the ROI and Volume leaderboards on this basis. All disqualifications are made in Nado's sole discretion pursuant to the competition terms and conditions. Accounts will continue to be reviewed over the remainder of the competition, and we'll announce once the final leaderboard is locked in after the competition ends. These competitions only work if the leaderboard is real. A competition that pays out to a cluster of fake accounts isn't worth anything to the traders it's meant for, so Nado will always fix this before paying out prizes. Once again, thanks to @muarmemuar and @jekich0id_xbt, who did all of this in public and brought it forward before any prizes were paid out.