Phemex has launched a new incentive programme to support trading in the recently listed LIT and MAGMA derivatives pairs. The scheme runs from 31 December 2025 to 7 January 2026 and offers a total reward pool of 30,000 USDT. The initiative aims to support liquidity and trading activity within Phemex’s derivatives market.
The programme highlights two different approaches to decentralised finance infrastructure. Lighter (LIT) operates as an order-book decentralised exchange designed for low-latency execution and efficient use of capital. Magma Finance (MAGMA) is an automated market maker built for MOVE-based blockchains, using a liquidity incentive model intended to align traders, governance participants, and liquidity providers.
Phemex has divided the 30,000 USDT reward pool into two sections to encourage broad and balanced participation.
Reward structure details:
- The engagement-based pool allocates 10,000 USDT to user activity such as referrals and daily trading targets. This element is designed to increase awareness and participation around the two protocols.
- The volume-based competition assigns 20,000 USDT to traders ranked by futures trading volume in LIT and MAGMA. Rewards are distributed based on performance, with the top three participants eligible for the largest shares. The maximum reward available to a single participant is 4,000 USDT.
By listing LIT and MAGMA and supporting them with a structured incentive programme, Phemex continues to expand its derivatives offering. The exchange provides users with access to both order-book and MOVE-based AMM technologies within a single trading environment.
