> For the complete documentation index, see [llms.txt](https://docs.kairosswap.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.kairosswap.com/kairos-quests/horizon-quest.md).

# Horizon Quest

Trade beyond the horizon. $1,000 in USDC prizes.

#### Two weeks on Ethereum · Fri Oct 16 – Fri Oct 30, 2026 · 12:00 PM ET (16:00 UTC)

* [ ] Trade interest rate swaps on Ethereum
* [ ] Call the rate Up or Down on Rate Up/Down
* [ ] Hold long-dated swaps for a bonus
* [ ] Win a share of **$1,000 in USDC** 💎

Follow the [Horizon Quest leaderboard](https://kairosswap.com/leaderboard?board=quest) live: one table with a column for each prize, sortable by any of them.

***

### Prizes

| Prize                          | What wins it                                                                                                                                      | Payout (USDC)                   |
| ------------------------------ | ------------------------------------------------------------------------------------------------------------------------------------------------- | ------------------------------- |
| 🏆 **Top P/L**                 | Best profit in US dollars across swaps and Rate Up/Down combined                                                                                  | $300 / $150 / $50               |
| ⏳ **Most committed**           | Keep the most money in swaps for the longest. Score = collateral × days held; 30d, 60d and 90d swaps held without closing score 1.5×, 2× and 2.5× | $250                            |
| 🌅 **Long-dated holders pool** | 30d, 60d or 90d swaps still held at the end                                                                                                       | $150 shared, max $25 per wallet |
| 🍼 **Booby prize**             | Biggest loss in US dollars, for the bravest trader                                                                                                | $50                             |
| 🎟️ **Raffle**                 | Every connected wallet is entered free, two winners                                                                                               | 2 × $25                         |

{% hint style="info" %}
A wallet can win up to **two** ranked prizes (Top P/L, Most committed, Booby prize). The holders pool and the raffle don't count toward the limit. Tied wallets split the prizes for the places they share.
{% endhint %}

### The Horizon Prophecy

The traders of the realm had grown used to living one day at a time: open at dawn, close by dusk, never looking past the next tick. But the Timekeeper's oldest scrolls spoke of a further shore, a horizon where rates hold still long enough to build on.

Those who would reach it must do more than trade. They must commit, holding their positions through the weeks while others flee at the first gust. The longer the journey, the greater the reward: thirty days, sixty, ninety, each one a step closer to the far edge of the market.

Two weeks. One horizon. Will you hold the line?

***

### How it works

**What counts**

* Only activity on **Ethereum mainnet** between the start and end of the quest, in the markets listed in the web app at [kairosswap.com](https://kairosswap.com). Markets that aren't listed there don't count, even if they run on the same contracts.
* A **qualifying swap** has a notional of at least $100 and is held for at least 24 hours (or until it expires or is liquidated).
* A **qualifying bet** is at least $10 in a Rate Up/Down USDC round whose betting closes during the quest. Krystals rounds don't count.

**How each prize is scored**

* **Top P/L** is measured in **US dollars, not % return**: the biggest dollar profit wins, whatever its size relative to your collateral. It counts *every* swap you open during the quest, whatever its size or how long you hold it, plus your Rate Up/Down results. Closed swaps count what you got back minus what you put in, fees included. Open swaps count the net payments they've earned so far, after fees, the same figure your [Portfolio](https://kairosswap.com/portfolio) shows. You need one qualifying swap or five Rate Up/Down rounds to rank.
* **Most committed** rewards keeping money in swaps. Each swap scores its collateral in dollars × the days you hold it during the quest: $1,000 held for 10 days scores 10,000, the same as $10,000 held for 1 day. Longer-term swaps held without closing score extra: **30-day 1.5×, 60-day 2×, 90-day 2.5×**. For example, $1,000 in a 90-day swap held for the last 10 days of the quest scores 1,000 × 10 × 2.5 = 25,000. An early exit, liquidation or transfer (including wrapping it in the position wrapper) drops that swap back to 1× and out of the holders pool.
* **Long-dated holders pool**: every 30d, 60d or 90d qualifying swap still held at the end, opened at least 3 days before the end, shares the $150 by collateral × term multiplier. It doesn't matter how early you opened. The last chance to open one is **Tue Oct 27, 12:00 PM ET** (16:00 UTC).
* **Booby prize** goes to the most negative Top P/L (the biggest dollar loss), with at least five qualifying swaps or rounds.

Hedged pairs count once: if you buy fixed *and* floating in markets with the same token and term, only the larger side earns the long-dated bonus.

### Raffle

Every wallet that has ever connected to Kairos is entered automatically, free. Connecting before the quest ends is enough: no trade is needed and trading doesn't improve your odds.

1. [Connect your wallet](https://kairosswap.com) to Kairos (any time up to the end of the quest).
2. Hold at least $50 in ETH or USDC on Ethereum at one random block during the quest.
3. One entry per wallet. Two winners are drawn after the quest using the hash of an Ethereum block announced in advance, so anyone can check the result.

### Fair play

* Wallets funded from the same source are treated as one wallet.
* Wallets that are among a market's top liquidity providers can't win the Booby prize.
* Team wallets can't win. Winning wallets are screened against sanctions lists before payout.
* Results are published after a three-day settlement period, followed by 48 hours to dispute. The team's decision on disqualification is final.

### Timeline

All times are 12:00 PM ET (16:00 UTC).

1. **Fri Oct 16, 2026:** the quest starts.
2. **Tue Oct 27:** last chance to open a swap for the holders pool.
3. **Fri Oct 30:** the quest ends. The raffle seed block is announced before this.
4. **Oct 30 – Nov 2:** settlement period.
5. **Mon Nov 2:** results and raffle winners published.
6. **Wed Nov 4:** disputes close.
7. **About Fri Nov 6:** USDC prizes paid on Ethereum.

***

### Important Legal Disclaimer

**ELIGIBILITY**: The Horizon Quest is void where prohibited. Participants are responsible for complying with the laws of their jurisdiction. Wallets associated with sanctioned persons or restricted jurisdictions are not eligible.

**NO PURCHASE NECESSARY FOR THE RAFFLE**: Raffle entry is free and trading does not increase your chances of winning.

**TRADING RISK**: Trading interest rate swaps and Rate Up/Down involves risk of loss. Do not trade more than you can afford to lose to compete for a prize. See [Risks](/using-kairos/risks.md).

**TERMS OF SERVICE**: Participants must follow the Kairos [Terms of Service](https://kairosswap.com/terms) at all times. These quest rules add to the Terms of Service and don't replace them; if the two ever conflict, the Terms of Service prevail.

**PRIZE AWARDS**: Prizes are awarded only to eligible participants who comply with these rules and the Terms of Service. Kairos Labs Inc. may withhold, reduce or reallocate any prize where it suspects abuse, manipulation, linked or sybil wallets, sanctions or jurisdiction issues, technical errors, or where it cannot verify eligibility. If the quest is cancelled or materially changed, Kairos Labs Inc. will announce it on this page; prizes for a cancelled quest may be adjusted or not awarded.

**PROGRAM MODIFICATIONS AND TERMINATION**: Kairos Labs Inc. reserves the right to modify, suspend, or terminate the Horizon Quest at any time, including to address abuse, errors, or changes in law. Kairos Labs Inc.'s determination of winners is final.

By participating in the Horizon Quest, you acknowledge and agree to these terms and to the Kairos Terms of Service.


---

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