Pingu is closing. Your trading does not have to stop.
LeverUp is opening the Pingu Trader Welcome Program — a one-month fee rebate campaign for Pingu traders moving to a new home. Eligible wallets receive a 50% rebate on trading fees, with up to $5,000 per wallet.
Respect to the Pingu team and community for everything they built.
Who Qualifies
Two groups of wallets are eligible:
- All Pingu traders — any wallet with a trading history on Pingu
- LeverUp traders who traded before May 31 — existing LeverUp users are included
No migration form. No separate application. Eligibility is determined by on-chain trading history.
How the Rebate Works
| Parameter | Detail |
|---|---|
| Rebate rate | 50% of trading fees |
| Rebate cap | Up to $5,000 per qualified wallet |
| Campaign duration | One month |
| Settlement | Fee rebates are settled and distributed after the campaign ends |
The rebate applies to trading fees generated during the campaign window. After the campaign closes, rebates are calculated and distributed to eligible wallets.
How to Get Started
01 — Connect your wallet on LeverUp
Go to app.leverup.xyz and connect the wallet you used on Pingu. Eligibility is verified automatically against on-chain history.
02 — Keep trading and receive fee rebates
Trade as usual. At the end of the campaign, qualifying fee rebates are settled and sent to your wallet.
About LeverUp
LeverUp is a perpetuals exchange on Monad. It uses a protocol-managed virtual liquidity system where trades reference oracle pricing while execution, settlement, and risk management are handled at the protocol layer — no external LP pool required.
For traders moving from Pingu, the core trading experience is familiar: open longs and shorts on BTC, ETH, and other supported pairs with up to 100x leverage, with positions settled through LeverUp's liquidity architecture.
Pingu traders: your history counts. Come trade.
