Tread airdrop guide: how to earn points using automated delta-neutral and market-making bots across perp DEXs (2026)

What is Tread?

Tread is an algorithmic trading terminal and Order Execution Management System (OEMS) that lets traders run automated strategies - delta-neutral bots, market-making bots, TWAP execution, and arbitrage - simultaneously across centralised exchanges (Bybit, OKX) and decentralised perp DEXs (Hyperliquid, Extended, Aster, Pacifica) from a single interface, without moving funds between platforms. It occupies a unique category: not a DEX, not an exchange, but an execution layer that connects to wherever your capital already sits and adds professional-grade automation that was previously only available to institutional trading desks.

The platform raised $3.5 million and is currently on version 6.1.1698. It has integrations with Hyperliquid, Extended Exchange, Aster, Pacifica, Bybit, and OKX DEX, with more venues added based on community voting through the points system (points can be used to vote on the next perpetual DEX integration). The vCeFi feature lets traders soulbound their CEX trading data on-chain as ZK-proofs of their CeFi strategies, bringing CeFi activity into DeFi verification in a novel way.

Is the Tread airdrop confirmed?

Tread has not confirmed a token or airdrop, but it runs a live weekly points programme distributing 100,000 points every Wednesday, and the combination of a $3.5M raise, a growing multi-venue integration list, and points that specifically give governance power (votes on which DEX gets integrated next) all suggest a token that governs the platform's infrastructure decisions is a likely long-term direction. The strategic value of Tread is amplified rather than standalone: using Tread to farm perp DEX points across Extended, Variational, Hotstuff, Dango, and Hyperliquid simultaneously means Tread points are additive to all the other points programmes you are already farming. The cost of switching to Tread is low; the potential upside stacks across every platform it connects to.

Tread Points Details

• Project: Tread (tread.fi)

• Type: Algorithmic trading terminal + OEMS - delta neutral, market making, TWAP, arbitrage bots

• Status: Season 1 active - points distributed every Wednesday

• Token: Not confirmed

• Points pool: 100,000 points per week, pro-rata by adjusted trading volume

• Distribution day: Wednesday (week runs Monday 0:00 UTC to next Monday)

• Minimum volume to qualify: $100,000 in adjusted weekly volume

• Volume multipliers: 1.1x for $1M+ weekly volume; exchange-specific multipliers by venue

• Referral volume boost: +20% of referred users' weekly volume added to your adjusted volume

• Connected venues: Hyperliquid, Extended Exchange, Aster, Pacifica, Bybit, OKX DEX

• Bot types: Delta neutral, market making, TWAP execution, arbitrage

• Governance use: Points used to vote on the next perpetual DEX integration

• vCeFi feature: Soulbound CEX trading data as on-chain ZK-proofs

• Funding: $3.5 million raised

• Join: app.tread.fi

How to Farm Tread Points

To earn Tread points, sign up at app.tread.fi, connect your exchange and DEX accounts, run automated bot strategies to generate at least $100,000 in weekly adjusted volume, and use the referral programme to add 20% of your referred users' volume to your own adjusted volume calculation.

1. Sign up at app.tread.fi. Go to app.tread.fi and create an account via email or wallet. The app (v6.1.1698) shows Trade, Orders, Analytics, Explore, Points, Referral, Bots, and Portfolio in the top navigation.

2. Connect your exchange and DEX accounts. In the Trade section, connect your accounts from supported venues: Hyperliquid (connect via Arbitrum wallet), Extended Exchange (connect EVM wallet), Bybit, OKX DEX, Aster, and Pacifica. Tread does not hold your funds - it connects to your existing accounts via API keys (for CEXs) or wallet signatures (for DEXs) and routes orders on your behalf.

3. Navigate to the Bots tab and configure your strategy. The Bots tab is where Tread's core value lives. Available bot types include:

   • Delta-neutral bot: Opens simultaneous long and short positions across two assets (e.g. BTC long + ETH short at a 1.5:1 ratio to account for ETH's higher volatility) that offset each other's directional exposure while generating bilateral trading volume for points.

   • Market-making bot: Places continuous limit orders on both sides of a spread, earning fees from order fills while generating high adjusted volume for points with lower directional risk than outright positions.

   • TWAP execution: Breaks a large order into smaller time-weighted pieces to reduce market impact - useful for building large positions that need to go on as adjusted volume without moving the market.

4. Hit $100,000 in weekly adjusted volume to qualify. Points only distribute to accounts that cross the $100,000 adjusted weekly volume threshold. Adjusted volume applies exchange multipliers - Hyperliquid carries a 2x multiplier in Tread's points calculation. $50,000 of actual volume on Hyperliquid counts as $100,000 adjusted, qualifying you for the weekly pool. The delta-neutral and market-making bots run 24/7 on your configured account, building volume automatically without manual management.

5. Stack Tread with your existing perp DEX farms. This is the core Tread use case: you are already trading on Extended, Variational, Dango, and Hotstuff for those platforms' point programmes. Running those same trades through Tread's OEMS layer adds Tread's own weekly points on top of whatever points those venues give you directly - without changing your strategy or increasing capital deployment. One trading session, multiple point programme contributions simultaneously.

6. Build referrals for the 20% volume boost. Go to the Referral tab and copy your referral link. For every user you refer who generates $100,000 or more in weekly volume, 20% of their weekly volume is added to your own adjusted volume calculation for that week. This stacks across multiple referrals - five referred users each doing $200,000 per week add $200,000 to your adjusted volume (20% of $1M combined), potentially pushing you into the 1.1x tier multiplier range.

7. Vote on the next integration with your points. Tread distributes points through a staking mechanism where accumulated points can be used to vote on which perp DEX gets integrated next. This gives the Tread points governance utility independent of any future token - your vote influences the product roadmap, which in turn affects which farming venues you can access through Tread.

How much does it cost to farm Tread?

Tread does not charge a platform subscription fee - revenue comes from a small execution fee on routed volume. The minimum $100,000 weekly volume threshold requires real capital deployment through your connected accounts. With a delta-neutral strategy, the risk-adjusted cost is primarily the bid-ask spread and funding rate differential between long and short positions, not full directional exposure. At 10x leverage with $10,000 in collateral on Hyperliquid, you can generate $100,000 in notional volume per week with the delta-neutral bot running standard position sizes.

Is Tread safe and legit?

Tread is a legitimate, $3.5M-backed algorithmic trading terminal with working integrations across Hyperliquid, Extended, Bybit, and other major venues. The non-custodial model means Tread never holds your funds - API keys for CEXs are encrypted and wallet signatures for DEXs give execution authority only for specific order types. The primary risks are API key security (use trade-only keys without withdrawal permissions for CEX connections) and the smart-contract risks of the underlying venues Tread routes to. No token has been confirmed - all farming is speculative positioning.

Tread Airdrop FAQ

What is a delta-neutral strategy and why does it work for airdrop farming?

A delta-neutral strategy holds simultaneous long and short positions across different assets at sizes calculated so that price movements offset each other. For example, long $7,500 BTC and short $5,000 ETH - ETH historically moves at approximately 1.5x BTC's volatility, so the positions approximately cancel directionally. This generates real bilateral trading volume (which earns points on any platform that rewards volume) while keeping your net market exposure close to zero. For airdrop farming on volume-based programmes like Tread, Extended, Dango, and Hotstuff, this approach earns points without requiring a directional view on whether prices go up or down.

How is adjusted volume calculated for Tread points?

Tread calculates adjusted volume by multiplying your actual trading volume by an exchange-specific multiplier. Hyperliquid carries a 2x multiplier - $50,000 of actual Hyperliquid volume counts as $100,000 adjusted. Your final adjusted volume for the week equals the sum of all exchange-multiplied volumes, times a tier multiplier (1.1x for total adjusted volume over $1M), plus 20% of each referred user's adjusted volume. The weekly 100,000 points distribute pro-rata: if your adjusted volume represents 0.5% of the total across all users that week, you receive 500 points.

Can I use Tread with a small account?

The minimum $100,000 weekly adjusted volume threshold is a meaningful barrier for small accounts. At 10x leverage with $10,000 in collateral, you would need to turn your collateral over 10 times per week to reach $100,000 notional - achievable with a market-making bot running on a liquid pair like BTC-USDT on Hyperliquid (which earns 2x adjusted volume). Below the $100,000 threshold, you still accumulate activity on the connected DEX platforms directly (Extended, Variational, etc.) but do not qualify for Tread's weekly point distribution.

What is the vCeFi feature on Tread?

vCeFi (verified CeFi) lets you soulbound your CEX trading data on-chain as ZK-proofs. Your Bybit or OKX trading history can be cryptographically verified and recorded on-chain without revealing the full trade details, creating a verifiable track record of your off-chain trading performance that can be used in DeFi applications. For professional traders who have years of CEX trading history, this creates a portable on-chain reputation that bridges the historically separate worlds of centralised and decentralised trading.

Which perp DEXs can I farm simultaneously using Tread?

Currently confirmed DEX integrations: Hyperliquid, Extended Exchange, Aster, and Pacifica. CEX integrations: Bybit and OKX DEX. The Tread community votes on which perp DEX gets integrated next using accumulated points. Active farming targets for stacking Tread points alongside DEX points: Hyperliquid (2x Tread multiplier + potential Season 2 HYPE distribution), Extended Exchange (30% TGE airdrop + Tread points), Dango (epoch-based $DNG farming + Tread points), Hotstuff (weekly points + Tread points). Each Tread-routed trade counts toward both the DEX's own points programme and Tread's weekly distribution simultaneously.

See also: Extended Exchange (30% TGE confirmed, combine with Tread), Variational (50% community allocation, run via Tread), and Hyperliquid (2x Tread multiplier). Full list: 200+ airdrops in 2026.