The Complete Guide to Perpl: Trading, mPoints & Monad Rewards After spending the past few weeks in an invite-only beta, Perpl is now open to everyone. If you've been looking for an opportunity to trade perpetual futures while earning rewards, now is the perfect time to get started. Here's everything you need to know about Perpl, the mPoints campaign, and how rewards are distributed. What is Perpl? Perpl is a perpetual futures exchange built for the Monad ecosystem, offering a fast and seamless onchain trading experience. Alongside its public launch, the protocol has introduced a rewards campaign designed to incentivize active traders through its native mPoints system. Backed by Leading Crypto Investors Perpl has attracted backing from some of the most respected investors in the industry. In May 2025, the project raised $9.25 million in a funding round led by Dragonfly, with participation from Ergonia, BHD, HashKey, L1D, CMS, Breed, and other investors. Up to $1 Million Worth of Monad Tokens Available To celebrate its public launch, Perpl has launched a 16-week incentive campaign where traders compete for rewards distributed in Monad tokens. The campaign begins with a $500,000 reward pool. As the campaign progresses, that pool can increase to $1,000,000 if Perpl reaches predefined open interest milestones during the 16-week period. This means that as more capital remains deployed on the platform, the total rewards available to participants can grow. Understanding mPoints Here's how the distribution works: The campaign lasts 16 weeks. Every week, 50,000 mPoints are distributed to eligible traders. Over the full campaign, 800,000 mPoints will be distributed through trading activity. An additional 200,000 mPoints are reserved for community initiatives, ecosystem partners, builders, and other special incentives. Total supply is fixed at exactly 1,000,000 mPoints. Your final Monad reward depends on two factors: The total number of mPoints you earn. The final size of the Monad reward pool at the end of the campaign. The more mPoints you accumulate, the larger your share of the reward pool. How Are mPoints Earned? Weekly rewards are based on Open Interest Adjusted Average Daily Volume (OI-Adjusted ADV). Unlike measuring trading volume alone, OI-Adjusted ADV combines your trading volume with the amount of open interest you maintain on the platform. This approach rewards traders who consistently maintain meaningful positions instead of simply generating raw trading volume. In short, consistently trading while maintaining open positions is generally more effective than chasing volume alone. Why Start Early? Joining early gives you more time to participate throughout the entire 16-week campaign. Benefits include: More weeks to accumulate mPoints. Eligibility to compete for up to $1 million in Monad token rewards. A potential future Perpl airdrop as an early protocol user. The earlier you begin, the more opportunities you'll have to earn mPoints before the campaign concludes. Getting Started Getting started only takes a few minutes: Create your Perpl account. Deposit supported assets or Bridge from any chain. Start trading perpetual futures. Earn mPoints every week based on your OI-Adjusted ADV. Track your progress as the campaign unfolds. If you'd like a 5% mPoints boost, you can sign up using my referral link: app.perpl.xyz/trade?ref=JZDq… Good luck, and happy trading!

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