🧪Mutagen (Points System)

Mutagen is a dynamic and elusive resource that powers your progress on Adrena. It’s designed to reward not just performance, but overall trading engagement. Unlike the pre-season that relied on raw PnL, starting from Season 1, we introduced Mutagen as the core ranking metric. This decision was made to be able to rewards all types of traders more fairly, although rest assured that volume and PnL stays kings.

How to Earn Mutagen

Mutagen can be earned through:

• Leverage trading activity

• Seasonal mechanisms such as quests, streaks, and other limited-time events, partnerships...

Mutagen was revealed on February 1st, and while leaderboard ranking starts from this date, Mutagen was also be back-generated from any earlier trading activity — note that this only count toward the $ADX airdrop, not the season rankings.

Check the leaderboard: https://app.adrena.xyz/mutagen_leaderboard

Why Mutagen Instead of PnL?

• More flexible & tune-able than raw PnL

• Allows rewarding activity as well as performance

• Ties directly into the multi-season airdrop structure

• Encourages ongoing participation, not just high-risk plays

How it Works

Mutagen is distributed and scored off-chain, based on on-chain activity. We index and process all transactions in our redunded database.

• Mutagen accrues primarily through trading volume(size matters)

• Trades generate base points depending on actions taken:

  • Opening positions

  • Increasing positions

  • Closing or liquidating positions

• Only closed trades count toward competition rankings

• Held/open positions do not count toward division or leaderboard standing

Some actions (like completing quests or platform interactions) will grant flat Mutagen rewards, independent of volume. This helps ensure active participants are also rewarded, especially for the airdrop.

The Scoring Formula

Each trade’s final Mutagen value is calculated as follows: Formula: Trade Performance + Trade Duration × Size Multiplier

1. Base score generated from:

   • Trade Performance(PnL)

     • Formula: (PnL after fees / volume) * 100.

     • Range: 0.1% → 7.5%

     • Mutagen: +0 / minimum mutagen value → +0.3

     • Minimum mutagen values may apply based on your volume.

       • 
   • Trade duration

     • Range: 10s → 72h

     • Mutagen: +0 to +0.05

   • Size Multiplier

     • At close (or liquidation), the total score is multiplied by a size-based multiplier

       

       
   • Mutations (in-platform modifiers) only applicable in S1 - The Expanse

   You can use the Mutagen Calculator to easily compute mutagens for your trades.

   

The protocol reserves the right to tweak the distribution of Mutagen during ongoing monitoring and balancing efforts. While we’ve conducted extensive backtesting using data collected since our launch in September, not all edge cases may be accounted for.

If any game-breaking behaviour or loophole is discovered, the team will step in to apply necessary adjustments or patches to maintain fairness and competitive integrity.