Elfa x GMX Trading Competition FAQ
What is GMX Masters?
GMX Masters is a 4-week Auto trading competition running from 15 June to 13 July 2026. 15,000 USDC in prizes, split across four tracks. The Auto Trading Competition ranks participants by percentage return on capital, executed through Elfa Auto on GMX. The Alpha Pool rewards the sharpest live-traded strategies shared publicly on X. The Subscriber and Partner draws give you additional shots at winning by participating respectively.
Why GMX Masters?
Most traders are a step behind the market. GMX Masters is built around closing that gap. Elfa surfaces the signal, Auto executes the strategy, GMX provides the agentic execution venue. The competition puts all three together in a format where the best strategy wins, not the biggest wallet, and every participant walks away with something real: a prize, a sharper workflow, or both. It's time to be a master.
Who is eligible?
- Open to all users with an active Elfa account
- Employees of Elfa and GMX are ineligible for prizes
- Participants may enter the Auto Trading Competition and Alpha Pool, Subscriber Draw, or Partner Draw and win prizes in all four
What is Alpha Pool?
Alpha Pool is a separate prize pool for interesting and/or profitable Auto strategies. Users compete on the quality of their strategies by sharing their strategy link on X. Alpha Pool winners will be selected by the Elfa team based on originality, engagement, and profitability.
The strategy must be shared publicly on X:
- Sharing of strategy P&L card
- Tagging of Elfa's X
Strategy must be built and actively triggered on Elfa Auto during the competition window, which will be verified by our backend. The strategy must execute — this is a hard requirement for Alpha Pool eligibility. Only live-traded strategies will qualify; backtested or hypothetical strategies will not be eligible.
The Alpha Pool window runs for 30 days from start of the competition and 6 winners will be selected during this period. Alpha Pool has a total prize pool of 3,000 USDC, split equally between 6 winners at 500 USDC each.
What is Subscriber Draw?
Subscriber Draw is a random prize draw for users who upgrade to a paid subscription plan on Elfa during the competition. 2 winners will be randomly selected at the end of competition, 1 Pro subscriber and 1 Max subscriber. A prize of 300 USDC will be awarded to 1 winning Pro subscriber, and 700 USDC to 1 winning Max subscriber. Prizes are paid out 1 month after the participant's payment date to prevent revoking of payment after claiming.
What is Partner Draw?
Partner Draw is a random prize draw for users who signed up to Elfa using a referral link from one of our partners. Keep your eyes peeled on X for these referral links!
The Partner Draw has a total prize pool of 1,000 USDC, split equally between 5 winners at 200 USDC each, randomly selected at the end of the competition.
What are the prizes for the various competitions?
To qualify for any of the prize pools, users MUST be registered in the competition. This is true for all 4 prize pools. If you are not registered yet, register now on Elfa!
The Auto Trading competition has a prize pool of 10,000 USDC which will split between the top 3 traders by percentage return on capital. The prize pool will be split as follows:
| Rank | Prize Pool Split |
|---|---|
| 1 | $5,000 |
| 2 | $3,000 |
| 3 | $2,000 |
Alpha Pool's prize pool is a total of 3,000 USDC which will be equally split between the 6 winners. To qualify for the prize, the qualifying plan must be built and actively triggered on Elfa, which will be verified by our backend.
The Subscriber Draw prize pool of 1,000 USDC will be split across 2 winners during the competition duration, with 300 USDC to be awarded to 1 Pro subscriber, and 700 USDC to be awarded to 1 Max subscriber. Prizes for the Subscriber Draw will be paid out 1 month after the participant’s payment date to prevent revoking of payment after claiming prize.
The Partner Draw prize pool of 1,000 USDC will be split equally across 5 winners (200 USDC) at the end of the competition duration, with all winners to be randomly selected.
How do I qualify for the prizes?
Regardless of prize pool, all participants must have used the 'Auto' feature and at least set up 1 Auto plan to qualify for any prizes. This will be verified on our backend.
What is the minimum deposit amount required to participate in the Auto Trading Competition?
Minimum starting deposit of 500 USDC on Elfa.
Do I need to have start with a new account?
No, but users must ensure that their account begins the competition with NO existing positions.
Can I deposit or withdraw from my account during the competition?
No, any deposit, withdrawal, or sub-account creation after signing up will lead to disqualification from the competition.
Can I execute trades outside of Elfa?
No, all trades must be executed exclusively on GMX through Elfa Auto during the competition window.
What could get me disqualified from the competition?
- Any evidence of wash trading, collusion, or artificial inflation of returns results in immediate disqualification.
- Any deposit, withdrawal, or sub-account creation after signing up will lead to disqualification from the competition.
When will the leaderboard be updated?
Leaderboard to be publicly visible and updated every 2 hours.