
RFX x Noon: Empowering Smart Liquidity with Intelligent Stablecoins
This is a blog detailing why RFX is partnering with Noon, and what our users can expect from this partnership. For more about why Noon made the decision to partner with RFX, see their blog about us, here. We're excited to announce our strategic partnership with Noon, integrating their innovative yield-bearing stablecoin as a core asset within the RFX ecosystem. This collaboration marks a significant milestone in our mission to redefine perpetual futures trading on zkSync Era and the Elas...

Introducing RFX - A Next Gen Perp Dex on zkSync Era
RFX is a cutting-edge decentralised perpetual futures platform set to revolutionise the derivatives landscape on zkSync Era. RFX stands apart with its forward-thinking architecture, featuring a multi-pool model, advanced low-latency oracle networks, automated risk engine, and innovative veTokenomics. Built upon the principles of capital efficiency, LP risk management, and composability, RFX brings a Uniswap-style "on-rails" permissionless market creation to the derivatives realm.Unleashing Ma...

RFX Brings a New Era of Perpetuals Trading to Sonic
RFX is gearing up for its deployment on the Sonic L1 in the coming week. Read on to learn more about the upcoming launch. Imagine being able to provide liquidity to multiple trading pairs with a single asset in a single deposit. Imagine designing your own pair trade from hundreds of potential combinations — and executing it with just one fee and a single funding rate. These are the unique primitives RFX is bringing to Sonic.Why Sonic?We spent a considerable amount of time looking into various...
RFX is a cutting-edge decentralised perpetual futures platform set to revolutionise the derivatives landscape on Sonic.

RFX x Noon: Empowering Smart Liquidity with Intelligent Stablecoins
This is a blog detailing why RFX is partnering with Noon, and what our users can expect from this partnership. For more about why Noon made the decision to partner with RFX, see their blog about us, here. We're excited to announce our strategic partnership with Noon, integrating their innovative yield-bearing stablecoin as a core asset within the RFX ecosystem. This collaboration marks a significant milestone in our mission to redefine perpetual futures trading on zkSync Era and the Elas...

Introducing RFX - A Next Gen Perp Dex on zkSync Era
RFX is a cutting-edge decentralised perpetual futures platform set to revolutionise the derivatives landscape on zkSync Era. RFX stands apart with its forward-thinking architecture, featuring a multi-pool model, advanced low-latency oracle networks, automated risk engine, and innovative veTokenomics. Built upon the principles of capital efficiency, LP risk management, and composability, RFX brings a Uniswap-style "on-rails" permissionless market creation to the derivatives realm.Unleashing Ma...

RFX Brings a New Era of Perpetuals Trading to Sonic
RFX is gearing up for its deployment on the Sonic L1 in the coming week. Read on to learn more about the upcoming launch. Imagine being able to provide liquidity to multiple trading pairs with a single asset in a single deposit. Imagine designing your own pair trade from hundreds of potential combinations — and executing it with just one fee and a single funding rate. These are the unique primitives RFX is bringing to Sonic.Why Sonic?We spent a considerable amount of time looking into various...
RFX is a cutting-edge decentralised perpetual futures platform set to revolutionise the derivatives landscape on Sonic.

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In the ever-evolving landscape of DeFi, rigorous testing and validation are critical to the success of new protocols. Recently, we hosted an exciting trading competition on the alpha deployment of RFX, an onchain permissionless derivatives trading protocol. This event provided a unique opportunity to validate and stress-test our infrastructure before beta launch, ensuring robustness and reliability beyond smart contract auditing and internal testing. Even though the competition utilized test tokens, it was designed to simulate real-world conditions and reward both trading performance and high usage.
The RFX trading competition on our alpha deployment was more than just a test run. It was a strategic initiative to push our protocol to its limits under competitive conditions. Participants were given test tokens, allowing them to trade without financial risk while contributing to the protocol’s stress-testing. The competition aimed to balance two crucial aspects of trading: profitability and activity. Therefore, the reward structure was designed with a 40/60 weighting between Profit and Loss (PnL) and trading volume.
The Competition Reward Algorithm
Our goal was to create a fair and comprehensive evaluation system that would highlight the best traders while promoting high usage of the protocol. Here’s how the reward algorithm worked:
Data Collection and Preparation
We collected data on each participant’s trading performance, focusing on two main metrics: PnL percentages and trading volumes. These metrics were crucial for evaluating both the effectiveness of trading strategies and the overall activity on the platform.
Normalization
To compare PnL and trading volume fairly, we normalized both metrics. Normalization scales the data between 0 and 1, enabling a balanced comparison. This step was essential for integrating the two metrics into a single scoring system:
This was applied to both the PnL percentages and trading volumes.
Scoring
Each participant’s score was calculated using a weighted sum of their normalized PnL and trading volume. We assigned a 60% weight to PnL and a 40% weight to trading volume. This weighting ensured that both profitability and trading activity were appropriately rewarded, reflecting our dual focus on effective trading and high engagement:
Identifying Top Users
After calculating the scores, we sorted the participants to identify the top users. The top 10 performers were highlighted as the winners of the competition, showcasing a mix of their superior trading skills and active participation.

The competition yielded valuable insights into the performance and resilience of the RFX protocol. By rewarding both profitable trading and high trading volumes, we encouraged participants to engage deeply with the platform, pushing its capabilities to the limit. The diverse strategies employed by traders provided a comprehensive stress test, helping us identify potential areas for improvement and optimization.
The RFX alpha deployment trading competition was a significant milestone in our journey towards launching beta. The competition’s success demonstrated the protocol’s robustness and the community’s enthusiasm for on-chain perpetual trading. The insights gained will inform further refinements, ensuring that RFX is ready for a seamless and secure beta launch.
As we prepare for the beta, we are excited to continue fostering a vibrant and skilled trading community. The competition has not only validated our protocol but also set the stage for future innovation in the DeFi space. Stay tuned for more updates as we push the boundaries of decentralized finance with RFX.
In the ever-evolving landscape of DeFi, rigorous testing and validation are critical to the success of new protocols. Recently, we hosted an exciting trading competition on the alpha deployment of RFX, an onchain permissionless derivatives trading protocol. This event provided a unique opportunity to validate and stress-test our infrastructure before beta launch, ensuring robustness and reliability beyond smart contract auditing and internal testing. Even though the competition utilized test tokens, it was designed to simulate real-world conditions and reward both trading performance and high usage.
The RFX trading competition on our alpha deployment was more than just a test run. It was a strategic initiative to push our protocol to its limits under competitive conditions. Participants were given test tokens, allowing them to trade without financial risk while contributing to the protocol’s stress-testing. The competition aimed to balance two crucial aspects of trading: profitability and activity. Therefore, the reward structure was designed with a 40/60 weighting between Profit and Loss (PnL) and trading volume.
The Competition Reward Algorithm
Our goal was to create a fair and comprehensive evaluation system that would highlight the best traders while promoting high usage of the protocol. Here’s how the reward algorithm worked:
Data Collection and Preparation
We collected data on each participant’s trading performance, focusing on two main metrics: PnL percentages and trading volumes. These metrics were crucial for evaluating both the effectiveness of trading strategies and the overall activity on the platform.
Normalization
To compare PnL and trading volume fairly, we normalized both metrics. Normalization scales the data between 0 and 1, enabling a balanced comparison. This step was essential for integrating the two metrics into a single scoring system:
This was applied to both the PnL percentages and trading volumes.
Scoring
Each participant’s score was calculated using a weighted sum of their normalized PnL and trading volume. We assigned a 60% weight to PnL and a 40% weight to trading volume. This weighting ensured that both profitability and trading activity were appropriately rewarded, reflecting our dual focus on effective trading and high engagement:
Identifying Top Users
After calculating the scores, we sorted the participants to identify the top users. The top 10 performers were highlighted as the winners of the competition, showcasing a mix of their superior trading skills and active participation.

The competition yielded valuable insights into the performance and resilience of the RFX protocol. By rewarding both profitable trading and high trading volumes, we encouraged participants to engage deeply with the platform, pushing its capabilities to the limit. The diverse strategies employed by traders provided a comprehensive stress test, helping us identify potential areas for improvement and optimization.
The RFX alpha deployment trading competition was a significant milestone in our journey towards launching beta. The competition’s success demonstrated the protocol’s robustness and the community’s enthusiasm for on-chain perpetual trading. The insights gained will inform further refinements, ensuring that RFX is ready for a seamless and secure beta launch.
As we prepare for the beta, we are excited to continue fostering a vibrant and skilled trading community. The competition has not only validated our protocol but also set the stage for future innovation in the DeFi space. Stay tuned for more updates as we push the boundaries of decentralized finance with RFX.
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