Hibachi DEX is a decentralized perpetual-trading protocol built on Arbitrum and Base. Developed by the Hashflow Co-founder, the project provides institutional-grade execution speeds for positions and orders with on-chain privacy by leveraging CLOB and ZK-proof technologies.
The Hibachi DEX has not disclosed any plans for a token launch or a Hibachi airdrop. However, in October 2025, the project announced running a Hibachi points campaign that rewards active traders.
Hibachi is currently live on Base and Arbitrum, offering a high-fidelity CLOB trading environment.
The protocol is strategically building its future on the Arc network, so traders who engage with Hibachi now are potentially securing rewards from both Hibachi and the Arc ecosystem after it goes to mainnet. The reward architecture distributes a fixed 500,000 Sparks pool every seven-day epoch based on three key sectors:
Users accrue points by generating execution volume and maintaining high Open Interest (OI) scores. The protocol rewards the duration and size of positions, incentivizing deep liquidity retention.

Scoring is not limited to volume - it incorporates PnL performance and "max drawdown" variables. This ensures that capital-efficient traders who manage risk effectively receive a higher weight in the Spark distribution compared to high-frequency bots.

Participants utilize a three-tier referral engine to earn a 5% commission on first-degree trading fees. This system provides cascading point boosts up to three levels deep, allowing users to monetize their network's collective volume and OI performance. Strategic partners can further apply for Affiliate status to unlock exclusive multipliers and rebates.

Register an account using supported wallet or email credentials;
Bridge USDC collateral to Base or Arbitrum networks;
Deposit stablecoins into the Hibachi primary trading account;
Create sub-accounts to manage isolated margin risk parameters;
Execute perpetual trades using GTC, IOC, or ALO orders;
Maintain high Open Interest scores to increase weekly ranking;
Generate consistent trading volume to capture epoch-based Sparks;
Monitor Spark distributions every Monday at 03:00 UTC;
Share referral links to earn 5% fee commission boosts;
Apply for Affiliate status to unlock advanced point multipliers;