ChainCatcher reported that the Solana Foundation has announced the launch of Frontier Traders, a program mainly designed for leading institutions and traders in the emerging asset sector. The program opened its VIP tier on June 11 and set specific entry requirements for participants seeking VIP status.
According to the announcement, the minimum threshold for the VIP tier requires applicants to have recorded $500 million in trading volume over the past 30 days on any on-chain platform. They must also have reached $16 million in open interest. The criteria apply across on-chain venues rather than being limited to a single platform.
VIP members under the Frontier Traders program can receive several benefits, including trading fee rebates, priority access to Asset Express project launches, dedicated RPC services, quarterly briefings, and invitations to closed-door events. These benefits are structured around trading activity, infrastructure access, project participation, and member communications.
Traders who do not meet the VIP threshold can still take part in spot and perpetual contract trading campaigns. The first campaign will focus on SpaceX ($SPCX), with a prize pool of $25,000, and is scheduled to open tomorrow.