The important details
Season 1 balances were designated for snapshot at the v2 launch; Season 2 is additional.
The announcement recognizes genuine trading, open interest and eligible liquidity activity.
Who can participate?
Initially selected Season 1 traders and institutional market makers; other users join a waitlist.
Costs and risks
Trading, funding and liquidity-position losses remain possible.
Restrictions
Anti-sybil checks apply. No exact season end, conversion ratio or token value is confirmed.
What the source establishes
The 28 September posts confirm private beta live and Season 2 started. Golden Tickets are planned after initial market rollout, not assumed available to everyone now.
Prizes are conditional. Points do not imply a token allocation or a guaranteed return. The official rules take precedence over this summary.