> ## Documentation Index
> Fetch the complete documentation index at: https://docs.decibel.trade/llms.txt
> Use this file to discover all available pages before exploring further.

# Live Campaigns

> Campaigns that are active today and distributing rewards — Liquidation Rebate, Maker Rebate, and Card Vault.

These campaigns are active today and distributing rewards. See [How Rewards Work](/rewards/overview#how-rewards-work) for the claim flow.

<Tip>**Active now — distributing rewards today.** The campaigns below are live. The **/rewards** page is coming soon; in the meantime, active rewards are delivered via **"Claim now" pop-ups** inside the [Decibel app](https://app.decibel.trade/trade). Keep an eye out for those. Once **/rewards** ships, you'll be able to review and claim all eligible rewards from one page.</Tip>

## Liquidation Rebate <Badge>Live</Badge>

Got liquidated? Decibel is giving you a second chance. If your account was liquidated on Decibel, you're eligible for a rebate of 50% of your liquidated margin, up to \$1,000 per account. Redeposit, place a trade, and claim your rebate. This campaign runs each month until the reward pool is exhausted.

|                    |                                   |
| ------------------ | --------------------------------- |
| **Reward**         | 50% of liquidated margin          |
| **Frequency**      | Recurring monthly                 |
| **Who's Eligible** | Any account liquidated on Decibel |
| **Cap**            | Up to \$1,000 per month           |

**Eligibility:**

* Your account must have been liquidated on Decibel within the current or previous campaign period.
* You must redeposit and place at least one new trade after the liquidation event.
* Rebate caps at \$1,000 per account per period.

**How it works:**

* At the end of each monthly period, liquidation events are reviewed, and rebate amounts are calculated for eligible accounts.
* Eligible users receive an in-app notification when their rebate is ready to claim.
* Visit **/rewards** and click "Claim" to credit the rebate to your trading account.
* Unclaimed rebates expire at the end of the month following the qualifying liquidation event.

***

## Maker Rebate <Badge>Live</Badge>

Decibel rewards accounts that add depth to the order book. If you maintain an **80%+ maker ratio** with bulk orders over a weekly period, you will receive a **0.25 bps rebate** on your maker fill volume. This is a direct rebate paid on top of standard fees… not points, not speculation.

|                    |                                              |
| ------------------ | -------------------------------------------- |
| **Reward**         | `0.25 bps` on bulk order maker fill volume   |
| **Frequency**      | Recurring Weekly                             |
| **Who's Eligible** | Accounts with ≥80% maker ratio & bulk orders |
| **Cap**            | \$25K per month                              |

**Eligibility:**

* Your maker ratio must be 80% or higher for the weekly period, measured by fill volume from bulk (batch) orders.
* Only maker fill volume from bulk orders counts. Standard single-order fills are excluded.
* If total qualified rebates exceed the weekly cap, payouts are distributed pro rata.

**How it works:**

* At the end of each week, qualifying maker volume and rebate amounts are calculated per account.
* Allocations are published on-chain, and a claim notification appears in-app.
* Visit **/rewards** and click "Claim" to credit the rebate to your trading account.
* Unclaimed weekly rebates expire at month-end.

***

## Card Vault <Badge>Live</Badge>

A limited-run physical collectible campaign. Decibel is giving away **PSA-graded Pokémon cards,** including grail pieces, through a weekly pack-reveal format. Register your wallet and maintain weekly trading activity to enter the drawing.

|                    |                                         |
| ------------------ | --------------------------------------- |
| **Rewards**        | PSA-graded Pokémon cards (physical)     |
| **Duration**       | \~8 weeks, limited run                  |
| **Who's Eligible** | Registered wallet + \$1K+ weekly volume |
| **Recurring**      | No. One-time event                      |

**Format:**

* A dedicated **/card-vault** page hosts the vault gallery and weekly pack reveals.
* Each week, 3–11 new cards are revealed in each pack. One or more winners are selected via a weekly drawing.
* To enter: connect your wallet, make a deposit of at least \$10 in the campaign vault on the Card Vault page and trade at least \$1,000 in volume during the qualifying week.
* Trade to earn tickets. First at \$1K, then each additional ticket at \$50K increments. Up to 20/week.

**Winner fulfillment:**

* Winners are notified in-app and prompted to provide a Courtyard.io address for card delivery.
* Physical PSA-graded cards are transferred via Courtyard.io. All cards retain full resale value.
* Past winners and vault contents are displayed on the **/card-vault** gallery page.

<Warning>**Disclaimer:** This communication is for informational purposes only and is not financial, investment, legal, or tax advice. Participation in any Rewards program or Campaign may involve significant risk. This is not an offer or solicitation to buy or sell digital assets. Trading perpetual contracts and engaging with DeFi protocols involves significant risk, including the potential loss of all funds. Past performance isn't indicative of future results. Always do your own research before making any financial decisions.</Warning>