AIrdrop Agent

Ostium

Perp DEX / RWA · Arbitrum

An Arbitrum perp DEX for onchain trading of stocks, commodities and FX

Participation

Open now

Token

Not announced

Potential
Total funding

$28M

Major VCs
LLocalGlobeGeneral CatalystCoinbase VenturesAlliance DAO
Last verified

2026-08-08

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

Tasks

Participation programme live
  1. Set up a wallet such as MetaMask or Rabby.
  2. Get USDC on Arbitrum (cost is just gas).
  3. Go to app.ostium.com and connect your wallet.
  4. Open a position, or deposit USDC into the vault as an LP.
  5. Check the Points page for your weekly score and this week's Boost Window assets.
Join via referral

Funding & investors

Round
—
Lead
—
Investors
Coinbase Ventures · Alliance DAO · SIG (Susquehanna International Group)
Round
Seed
Lead
General Catalyst / LocalGlobe
Investors
General Catalyst · LocalGlobe

Overview

Ostium is an onchain perpetuals protocol on Arbitrum that lets traders open USDC-settled positions on RWAs such as stocks, commodities, FX and indices. It has processed over $50B in cumulative volume with roughly $17.8M in TVL. A Season 2 Points program and rotating Boost Windows are currently live, and trading resumed after a July exploit.

Analysis

  • Backing​: an early round co-led by General Catalyst and LocalGlobe, plus known names like Coinbase Ventures and Alliance DAO.
  • Track record​: over $50B in cumulative volume and 26,000+ traders, a sizable footprint among perp DEXs.
  • Concern​: on July 15, 2026, the LP vault was exploited for roughly $23.75M USDC. Trading resumed on July 23, but the restitution plan for LP depositors has not been finalized.
  • Token​: no ticker, TGE date or allocation has been announced. How current Points convert to anything is also unclear.
  • Audits​: I could not confirm any named audit firm or audit date from official sources.

Token & distribution status

Token
Not announced
Ticker
Not announced
TGE
Not announced
Allocation
Published

Allocation

  • Season 1 (start date unconfirmed, ended 2026-01-05): multiple weekly 500,000 OP distributions were announced. Total distributed and claim terms are unconfirmed.
  • Season 2 (started 2026-01-05, end unconfirmed): 25M OP hard cap earned via trading, referrals and LP staking.
    • Boost Windows: Venezuela Volatility (week of 2026-01-05), Crypto Reckoning (week of 2026-02-09), Lowest Fees Ever (week of 2026-04-20), Macro/Earnings Boost (week of 2026-04-27), Flashpoint/Hormuz (2026-07-13 to 19, with 175,000 points reportedly distributed).
  • Season 3​: no official start announcement found. The latest confirmed state is still Season 2.
  • Distribution totals, snapshot dates and claim deadlines could not be confirmed from official sources.

AirdropAgent view

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

  • Check the Points page on app.ostium.com for this week's Boost Window assets and trade those first to earn 2x points.
  • Season 2 has a 25M OP hard cap, so participating before that cap fills is favorable.
  • If depositing as an LP, review the July incident and restitution plan updates before committing.
  • Developers using the Builder SDK can earn 0-50 bps, but this does not apply on position close.

Security & risks

Verified security information

  • Incident​: on July 15, 2026, the LP vault was attacked and about $23.75M USDC was drained. The team attributes this to a compromise of off-chain infrastructure feeding prices into the protocol.
  • Response​: trading was paused, then resumed on a new production stack on July 23, 2026 at 10:00 ET.
  • Audits​: no named audit firm or audit date could be confirmed from official sources.
  • Restitution​: a restitution plan for LP deposits was said to be coming soon, with no confirmed details.

Key risks

  • On July 15, 2026, the LP vault was exploited for roughly $23.75M USDC.
  • The restitution plan for LP deposits is not finalized.
  • Not available in the US, UK, EU, Philippines, or sanctioned jurisdictions.
  • No named audit firm or audit date could be confirmed from official sources.
  • Leverage up to 200x carries significant liquidation risk.
  • Token and tokenomics are unannounced, so how Points convert to value is unknown.
  • Fees vary 2-10 bps by asset, and rollover funding rates shift with market conditions.

What's next

  • No token launch date or Season 3 start date has been officially announced.
  • A restitution plan for LP deposits was said to be coming soon.
  • On 2026-04-28, Ostium announced a decentralized execution layer with institutional hedging partners including Jump.
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