Chef's Menu: Masterchef Competition
The Hibachi Masterchef competition is the first official Hibachi trading competition, and the final chance to earn bonus points in the Preseason.
A total of 1,000,000 Bonus Points will be distributed over a two-week competition window.
Competition Overview
Competition Period: September 15 – October 1, 2025 (UTC 00:00:00)
Reward Distribution Date: Week of October 6, 2025
Total Rewards: 1,000,000 Hibachi Points
Eligible Participants: All Hibachi users. No separate registration is required.
Minimum Eligibility: Participants must generate at least $10,000 in trading volume during the competition period to qualify for rewards.
Ranking Methodology
Your rank on the leaderboard will be determined by three primary factors:
Trading Activity (Volume): Total notional trading volume generated during the competition period.
Profitability (PnL): Net realized profit and loss from trading.
Open Interest: Time-weighted share of open interest held during the competition window.
The leaderboard is updated daily here: https://app.fuul.xyz/incentives/hibachi
Rewards
A total of 1,000,000 Bonus Points will be distributed. Rewards will be automatically credited to winning accounts during the week of October 6. No manual claim action is required.
Top 10 Rewards
1
150,000
2
95,000
3
65,000
4
45,000
5
36,000
6
30,000
7
25,000
8
20,000
9
18,000
10
16,000
Users outside the top 10 will earn their share of the 500k remaining points based on rank.
Key Rules
All Hibachi users are automatically enrolled; no opt-in is required.
Only trading activity during the competition period (Sept 15 – Oct 1 UTC 00:00:00) counts toward ranking.
Participants must trade $10,000+ in total volume to be eligible for rewards.
Rewards are fixed and distributed according to the final rank at the end of the competition.
Hibachi reserves the right to disqualify accounts engaged in abusive practices such as wash trading, multi-account farming, or market manipulation.
Distribution of Rewards
Rewards will be distributed the week of October 6, 2025.
Points will appear directly in user balances under the Hibachi account dashboard.
No additional action is required from participants.
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