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Phemex launches LIT and MAGMA trading pairs with a 30,000 USDT reward program
Phemex has launched a 30,000 USDT incentive program for the newly listed LIT/USDT and MAGMA/USDT trading pairs. The event runs from December 31, 2025, to January 7, 2026. The program aims to enhance liquidity and user engagement, with a focus on promoting Lighter (LIT) as a decentralized order book exchange (DEX) to improve institutional efficiency, and Magma Finance (MAGMA) as an automated market maker (AMM) based on the MOVE protocol blockchain. Rewards are divided into two parts: 10,000 USDT for rewarding users who complete referral and other interactive tasks, and 20,000 USDT for a futures trading volume competition, with the top performers eligible to receive up to 4,000 USDT in rewards.