AIrdrop Agent

Nado

Perp DEX · Ink

Orderbook-based perp DEX on Ink L2

Participation

Open now

Token

Not announced

Potential
Total funding

—

Major VCs
—
Last verified

2026-08-12

Potential is AirdropAgent's editorial assessment and does not confirm an official distribution.

Tasks

Participation programme live
  1. Connect an Ink L2-compatible wallet at nado.xyz.
  2. Deposit collateral (e.g. USDT0) and trade spot or perps; volume counts toward Season 2 points and Nado Rewards (maker/taker volume, open interest).
  3. Generate a referral code and use Referrals V2 (including the kickback feature added July 31, 2026) to lower your referees' trading costs while earning commission.
  4. Deposit USDT0 into the NLP vault to earn a variable APY.
Join via referral

Events & campaigns

EventsNado Rewards Live: How the $100K Weekly Pool Works2026-08-10

Overview

Nado is a CLOB-style DEX running on Ink L2, offering spot, margin, perpetuals and money markets under unified margin. The team includes people with experience from Kraken and the Ink development team.

Analysis

Trader count surpassed 100,000 unique all-time traders as of August 8, 2026, per official X. Nado Spot's TVL is about $48 million on DefiLlama.

  • Fundraising amount and investors are undisclosed; CoinLaunch claims Kraken-related backing and development involvement, but this is not confirmed as an investment round.
  • HackenProof lists a bug bounty for smart contracts with up to $500,000​, but no third-party audit firm has been confirmed.
  • Points may eventually convert into Ink's $INK token, per past official mentions and some reports, but this is not guaranteed and unconfirmed officially.
  • US users reportedly face access restrictions​.

Related guides & analysis

Token & distribution status

Token
Not announced
Ticker
Not announced
TGE
Not announced
Allocation
Published

Allocation

Season history so far:

  • The Choice (end of Private Alpha, choice deadline January 26, 2026): users chose among 8,000,000 points, a $4,000,000 fee refund pool, or one of 1,000 Nado NFTs.
  • Season 1 (started January 30, 2026, 16 weeks): 950,000 points distributed weekly. By the Season 2 announcement, 24,941,776 points had been distributed, with cumulative volume of $61.2B​, TVL of $53.2M, 78,200 traders, and roughly 9,000 weekly active traders.
  • Season 1 Bonus Pool​: up to 8 million points earmarked for the builder programme and trading competitions; at the Season 2 announcement, 4 million points for competitions were removed and builder codes were cut from 3 million to 1 million points.
  • Season 2 (started May 21, 2026, ongoing): switched the weekly point pool to a volume-linked model (300K-950K points). All Season 1 points, balances, and trader tier history carried over.
  • Trading Competition #1 (May 25 - June 1, 2026): distributed $100,000 total, split $75,000 for the ROI board and $25,000 for the volume board.
  • Trading Competition #2 "$100 and a dream" (started June 15, 2026): a $100,000 prize pool; final distribution results are unconfirmed.
  • Referrals V2 (revamped July 30, 2026): up to 25% commission, with a kickback feature added July 31, 2026.
  • Nado Rewards (started August 3, 2026, updated August 10, 2026): weekly $100,000 USDT0 reward pool, ongoing. Supply share, snapshot dates, and claim deadlines have not been officially disclosed.

AirdropAgent view

This is our analysis of public information, not an official programme rule.

  • Prioritize the ongoing Nado Rewards pool (terms updated August 10, 2026). $50,000 unlocks immediately, so even modest trading qualifies; chasing the remaining $50,000 requires weeks when total platform volume nears $2.45B.
  • Season 2 points reward volume, open interest, and liquidation participation, so stack them on top of Nado Rewards-qualifying trades.
  • Set up a code under Referrals V2 (revamped July 30, 2026) and use the kickback feature to reduce referees' costs while still earning commission.
  • Avoid farming points across multiple accounts, which risks disqualification.

Security & risks

Verified security information

HackenProof lists bug bounty programmes for 'Nado Web' and 'Nado Smart Contracts', with up to $500,000 for smart-contract findings. No third-party audit firm engagement has been confirmed. No major past exploit has been reported.

Key risks

  • Perp trading carries liquidation risk and funding costs.
  • Technical risk exists around Ink L2, smart contracts, and oracles.
  • US users reportedly face access restrictions​.
  • Fees settle in USDT0, with taker fees as low as 1.5 bps and maker rebates up to -0.8 bps.
  • Points and Nado Rewards are not guaranteed to convert into a future token or airdrop eligibility; mentions of conversion into $INK remain unconfirmed.
  • The duration and conditions for continuing the weekly $100,000 Nado Rewards pool are not disclosed.
  • NLP vault APY is variable and depends on vault strategy P&L.
  • Fundraising amount and investor details are undisclosed.

Recent moves on X

Only posts about joining or distribution, shown as posted. Click through for the original.

What's next

Season 2 points and the weekly $100,000 Nado Rewards pool are ongoing. No official schedule for Season 3 or a native token launch has been announced. Some sources mention a possible future conversion of points into Ink's $INK token, but this remains unconfirmed officially.

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