# Sai Cookout Sai is back with a new trading competition. More markets and ways to win. This month-long competition rewards traders across all live perps markets on Sai, from crypto majors to newly launched stock and commodity markets. Whether you trade one asset or a wider basket, there's ways to climb the leaderboard. ## Overview The Menu features a wide range of markets for users to choose from, spanning perps on blue-chip crypto assets, commodities, and equities. Additional markets will roll out throughout the competition. * **Total Prize Pool:** $5,100 * **Timeline:** April 22nd → May 20th (\~4 weeks) * **Structure:** $4,000 Main Leaderboard + $1,000 Stock Side Pot + $100 Biggest Loser ## Main Event - Cook Out Trade anything. Perps on crypto, stocks, commodities. All markets count. The Main Event rewards the top traders based on cumulative realized profits across every market on Sai. There are no restrictions. Focus on what you trade best and scale from there. **Prize Pool:** Up to $4,000 ### Top 25 Distribution | Rank | Title | Per Trader | Tier Total | % of Pool | | --------- | ------------- | ---------- | ---------- | --------- | | 1st | Head Chef | $800 | | 20.0% | | 2nd | Sous Chef | $500 | | 12.5% | | 3rd | Pastry Chef | $350 | | 8.75% | | 4th | Saucier | $250 | | 6.25% | | 5th | Grill Master | $200 | | 5.0% | | **Top 5** | | | **$2,100** | **52.5%** | | 6th–10th | Line Cooks | $140 each | $700 | 17.5% | | 11th–15th | Prep Cooks | $100 each | $500 | 12.5% | | 16th–20th | Dishwashers | $80 each | $400 | 10.0% | | 21st–25th | Taste Testers | $60 each | $300 | 7.5% | | **Total** | | | **$4,000** | **100%** | ## The Side Pot - Perps Stock Markets The Side Pot runs in parallel to the main leaderboard and rewards traders who generate profits specifically on perps for stocks. Perps Stock PnL counts toward both leaderboards. **Timeline:** April 22nd → May 20th (\~4 weeks)\ **Prize Pool:** Up to $1,000 ### Top 20 Distribution | Rank | Title | Per Trader | Tier Total | % of Pool | | --------- | ------------ | ---------- | ---------- | --------- | | 1st | Iron Chef | $250 | | 25.0% | | 2nd | Wok Star | $162 | | 16.2% | | 3rd | Hibachi King | $113 | | 11.3% | | 4th–5th | | $75 each | $150 | 15.0% | | **Top 5** | | | **$675** | **67.5%** | | 6th–10th | | $65 each | $325 | 32.5% | | **Total** | | | **$1,000** | **100%** | ## How Scoring Works The competition is based on **realized profits**, not net PnL. * **(E.g):** If you make $1,000 and later lose $500, your score still references the $1,000 PnL * **(E.g):** If another trader makes $500 total, they rank below you This structure rewards traders who can generate strong upside without punishing continued participation. Your score can only go up over time. ## Qualification Requirements Traders must meet minimum activity and performance thresholds to qualify: | Requirement | Main Leaderboard | Stock Side Pot | | ------------------------ | ------------------- | ------------------ | | Minimum deposited margin | $100 | $100 | | Minimum notional volume | $100K (all markets) | $50K (stocks only) | | Minimum realized PnL | > $50 | > $50 | Users can be eligible for prizes from each leaderboard. If you trade stock, RWAs/commodity markets, that PnL will also count for the Cook Out leaderboard. ### Minimum PnL Threshold To qualify for any leaderboard prize, a trader must hit a **minimum of greater than $50 in realized PnL** (peak cumulative realized profit, as described above). Traders below this threshold will not appear on the leaderboards regardless of rank. **If there aren't enough qualified participants to fill every prize slot**, the distribution scales down and rewards are paid out based on the same percentage breakdown across the qualifying field. Sai's team reserves the right to distribute remaining prizes to the next most qualified participants, or not at all, as it sees fit. If an insufficient number of qualified people participate, it is possible that the entirety of the planned prize pools are not distributed. ### Minimum Holding Time To discourage instantaneous round-trip trades purely to inflate volume, a minimum position holding time may be required for a trade to count toward volume qualification. Trades that fail to meet this threshold will be excluded from the leaderboard volume calculation. ### How Perps Markets Are Counted * **Stock PnL** * Counts toward both the main leaderboard and the stock side pot * **Crypto PnL** * Counts toward the main leaderboard only * **Main leaderboard score** * Total realized profits across all markets ## The Biggest Loser - Rekt **Prize:** $100 At the end of the competition, the trader with the largest **net realized loss** takes home a consolation prize and the title of rekt. ### Scoring The Biggest Loser is scored **separately** from the Main Event and Side Pot. Unlike the profit leaderboards (which reference peak cumulative realized profit), the Biggest Loser is based on **net negative realized PnL** over the full competition window. A trader who profited $1,000 early and then lost $2,000 has a net PnL of -$1,000 for this track. This means Biggest Loser eligibility is entirely independent of whether a trader scored on the main leaderboards. If you posted a profit high at some point but finished net negative, only your final net loss counts here. ### Rules * Minimum net realized loss: $500 * Must be the single largest net realized loser * Minimum 10 round-trip trades * No single trade blow-ups — losses must come from sustained trading activity, not a single outsized trade designed to game the consolation prize * Winner will be publicly named ## Trade on Sai Trade consistently. Scale what works. Crypto, stocks, or both. It all counts. Head to [app.sai.fun](https://app.sai.fun), connect your wallet, deposit collateral, and start trading. You're automatically entered once you make your first trade. ## Rules and Eligibility Criteria Sai’s Cookout competition will enforce rules against abusive practices and set minimum requirements for trades to qualify: * **How to Enter**: Any user of the SAI platform is automatically entered into the competition. * **Participant Eligibility:** The competition is open to all traders who are at least 18 years of age and not residents of restricted jurisdictions (as set forth in Sai’s Terms of Use: . Traders from the United States or other sanctioned regions are NOT eligible to participate. By entering, participants confirm they are abiding by all local laws and the platform’s terms of use. * **Competition Duration**: The competition will start on 00:00 UTC and ends at 23:59 UTC on the dates prescribed. * **Unique Accounts Only:** Each individual may participate with one account. Any form of sybil attack (using multiple accounts by the same person) is strictly prohibited. Only genuine, unique user accounts will be eligible for prizes. * **No Wash Trading or Fake Volume:** Wash trading, self-dealing, or any fake volume generation is forbidden. Trades must reflect authentic market activity. Self-trades or coordinated trades between colluding accounts to inflate volume or PNL will result in immediate disqualification. The platform will monitor trade patterns and reserves the right to disqualify and/or ban any accounts showing abusive behavior. * **No Bot Manipulation:** While algorithmic trading isn’t outright banned, any malicious bot-driven manipulation of the competition is prohibited. Fair-use trading bots are allowed, but if they are detected to engage in the above forbidden tactics, those trades will be void. * **Minimum Holding Time:** For the volume minimum, a minimum position holding time (e.g. at least 10-20 minutes) may be required for a trade to qualify. This discourages instantaneous round-trip trades purely to inflate volume. * **Minimum PNL**: For PNL competitions, the minimum profit that must be achieved to qualify to be a winner is $50. * **Leaderboard Updates:** The competition leaderboards will be updated regularly (e.g., daily or in real-time on the platform’s dashboard) so participants can track their standings. * **Reward Distribution:** Winners will be announced after the trading competition closes. At that time, instructions will be provided on how to receive rewards. Prize payouts will be distributed within a reasonable timeframe **after the competition closes.** If there are less qualified participants than prizes available as determined in the Sai’s team’s sole discretion, then all qualifying participants shall earn a prize, and Sai’s team reserves the right to distribute the prizes to the next most qualified participants, or not at all, as it sees fit. Thus, if an insufficient number of qualified people participate, it is possible that the entirety of the planned prize pools are not distributed. * **Integrity and Auditing**: Sai’s team will closely monitor the competition. Any participant found engaging in prohibited behavior (sybil attacks, wash trading, etc.) will be immediately disqualified and forfeit any rewards. The organizers reserve the right to audit trading activity and adjust or remove suspicious entries to ensure fairness. This policy is essential to maintain a level playing field and uphold the integrity of the competition. * **Participation is at User’s Own Risk**: Trading, especially perps trading, is inherently risky. Your participation in this competition is at your own risk. You disclaim and release any claims from any legal action taken by or upon you through your use of the Sai platform. Sai is not responsible in any way for loss of assets or value. If you are not experienced with similar trading platforms, you should not participate. Even experienced users may lose all of their cryptocurrency assets or value. * **Sai is Sole Decision Maker**: Sai reserves the right to disqualify any participant for not following the spirit or the letter of the rules of this competition. Sai reserves the sole and absolute right to disqualify any participant that it deems ineligible for participation for any reason at its sole discretion. This includes, but is not limited to, violating these rules, the terms and conditions of Sai and any other conduct that Sai consideres inappropriate or unacceptable. All decisions of Sai shall be final. * **You Are Responsible for Your Own Legal and Tax Situation:** You understand, acknowledge, and agree that you are responsible for any tax or legal issues that result in your participation in the competition. In participating, you represent that no jurisdiction with authority prohibits your participation. * **Sai’s Terms of Use and Privacy Policy Apply**: If you do not agree to Sai’s Terms of Use and Privacy Policy, then you must not participate in the competition. Sections 21 to 25 of SAI’s Terms of Use (INDEMNIFICATION, GOVERNING LAW & JURISDICTION, ARBITRATION; CLASS ARBITRATION WAIVER, LIMITATION ON TIME TO FILE CLAIMS, AND WAIVER & SEVERABILITY) specifically are incorporated by reference herein and apply to this competition. * **These Terms Supersede Promotional Statements:** These terms, along with the Sai Terms of Use and Privacy Policy, are the only agreement between us and you. Promotional statements by any party do not constitute an agreement. ## FAQ {% tabs %} {% tab title="Eligibility & Geography" %} **Can I participate from the United States?** No. US residents and those in sanctioned regions are not eligible to participate. Check our [eligibility section](#eligibility-and-legal-requirements) above for a full list of restrictions. **Can I participate with multiple accounts?** Absolutely not. One account per person. Multiple accounts by the same individual result in immediate disqualification and removal from all prize considerations. {% endtab %} {% tab title="Trading & Participation" %} **Do my stock trades count toward both leaderboards?** Yes. Perps Stock PnL counts toward both the Main Event leaderboard and the Stock Side Pot. If you focus on stocks, you're automatically competing on both tracks. **What's the minimum PnL to earn rewards?** You need **more than $50 in realized PnL** (peak cumulative realized profit) to qualify for either the Main Event or the Stock Side Pot. Traders at or below that threshold won't appear on the leaderboards. The Biggest Loser track is the only one that rewards losses, and it requires a minimum net realized loss of $500 and at least 10 round-trip trades. **How is the Biggest Loser scored differently from the main leaderboards?** The profit leaderboards use peak cumulative realized profit — your score references your highest high and never goes down. The Biggest Loser track is completely separate and uses **net negative realized PnL** over the full competition window. So a trader who profited $1,000 and then lost $2,000 would have a Main Event score frozen at $1,000 (if they qualified) and a Biggest Loser score of -$1,000. **Can I use a trading bot?** Yes, fair-use algorithmic trading is permitted. Bots are welcome as long as they don't engage in wash trading, sybil attacks, or other prohibited tactics. **Do all markets count toward the Main Event?** Yes. All markets on Sai are eligible for the Main Event, including crypto majors, stock perps, and commodities. Only perps stock PnL counts toward the Side Pot. **How does realized PnL scoring work?** Your score only references your peak cumulative realized profit. If you make $1,000 and later give back $500, your leaderboard score still references the $1,000 high. This encourages continued participation without penalty. {% endtab %} {% tab title="Prizes & Payouts" %} **When will prizes be distributed?** Winners will be announced after the competition closes, and instructions for receiving rewards will be provided at that time. Payouts will be distributed within a reasonable timeframe after the competition closes. **Can I earn from multiple tracks at once?** Yes. If you qualify for the Main Event and the Stock Side Pot, you earn from both. Stock PnL counts toward both leaderboards simultaneously. **What if not all prize slots are filled?** If there aren't enough qualified participants, the distribution scales down and rewards pay out based on the same percentage breakdown across the qualifying field. Sai reserves the right to distribute remaining prizes to the next most qualified participants, or not at all, as it sees fit. It is possible that the entirety of the planned prize pools are not distributed if turnout is insufficient. **What are the minimum qualification thresholds?** For the Main Event: $100 minimum deposited margin, $100K minimum notional volume across all markets, and more than $50 in realized PnL. For the Stock Side Pot: $100 minimum deposited margin, $50K minimum notional volume on stocks only, and more than $50 in realized PnL. {% endtab %} {% tab title="Getting Started" %} **How do I enter the competition?** Just start trading! Visit [app.sai.fun](https://app.sai.fun), connect your wallet, deposit collateral, and make your first trade. You're automatically entered, so no separate registration needed. **What collateral can I use?** You can deposit USDC, stNIBI, or other platform-supported assets. Check the Sai app for the full list of supported collateral. **How do I track my progress?** Both the Main Event and Stock Side Pot leaderboards update regularly on the platform. Check the **Leaderboard** tab in the Sai app to monitor your standing in real-time throughout the competition. **What markets should I trade?** Trade what you know best. The Main Event rewards realized profits across any market, so crypto specialists, equity traders, and commodity traders all have a path to the top. Stock traders get the added bonus of dual-leaderboard eligibility. {% endtab %} {% endtabs %} ## Questions? For more details on Sai's trading mechanics, collateral options, and market listings, explore the [Sai documentation](/readme.md). Follow us for competition updates and real-time announcements: * **X / Twitter:** [@SaiDotFun](https://x.com/SaiDotFun) * **Telegram:** [Join our community](https://t.me/saidotfun) * **Discord:** [Join our server](https://discord.com/invite/saidotfun) * **TikTok:** [@SaiDotFun](https://www.tiktok.com/@saidotfun) * **Instagram:** [@SaiDotFun](https://instagram.com/saidotfun) *** **Ready to trade?** Head to [app.sai.fun](https://app.sai.fun) --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. 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