Nado (Ink L2 Perp DEX): Points & Cash Rewards Program Guide

What's happening

Nado is a CLOB-style DEX running on Ink L2, offering spot, margin, perps, money markets, and stock perps (xStocks). No native token has launched yet, but a points program and the cash reward program Nado Rewards are running in parallel.

Program	Details	Period
Nado Rewards	A total of $100,000/week cash reward distributed based on trading volume	Live since August 3, 2026
Points program	Weekly points allocated based on trading, deposits, and referrals	Ongoing (about 306,864 points distributed in week 23)
xStocks xPoints Quest	25% boost for holding xStocks + additional volume-based multiplier	Limited-time (live as of July 21, 2026)
Referral program	Kickback setting feature added	Added July 31, 2026

What to do

1. Go to the official site (nado.xyz) and connect an Ink L2-compatible wallet.
2. Deposit a supported collateral asset (said to grant a 25% xPoints boost).
3. Trade spot or perps and place maker orders to earn weekly points.
4. Register for the xStocks xPoints Quest to get a 25% boost on held xStocks plus an additional volume-based multiplier.
5. Issue a referral code and use the kickback setting to lower your referrals' trading costs while increasing your own points.

Specific gas costs and time required for using Ink L2 are not confirmed in the official information.

Past seasons & distribution history

The points program, which is effectively Season 1, is ongoing. Its start date is not disclosed, but distributions continue weekly.

• Week 23 (as of July 10, 2026): 306,864 points distributed
• Week (as of July 24, 2026): average daily volume of $101 million, about 307,000 points distributed
• Nado Rewards: started August 3, 2026, $100,000/week (a separate cash reward from the points system)

The supply ratio for total distribution, snapshot dates, and claim deadlines are not officially specified.

Cautions

• Fundraising amount and investor information are not disclosed, so the funding background cannot be confirmed.
• No native token has been announced. Some reports mention that points could potentially convert to Ink's $INK in the future, but this is not an official announcement and not guaranteed.
• Perp trading carries liquidation risk and funding costs.
• US users may face access restrictions.
• Fees are settled in USDT0, with a minimum taker fee of 1.5bps and a maker rebate of up to -0.8bps.
• Farming points with multiple accounts risks disqualification.
• No formal third-party audit has been confirmed. A HackenProof bug bounty program (up to $500,000 for the smart contract category) has been confirmed.

Sources

• Official site
• App
• X (Twitter)
• Docs
• Discord
• GitHub