> For the complete documentation index, see [llms.txt](https://hertzflow.gitbook.io/hertzflow-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://hertzflow.gitbook.io/hertzflow-docs/rewards/season-2-merits.md).
# Season 2 — Merits
Season 2 rewards eligible participation across **Trading**, **Liquidity**, **Referral**, and **Swap**.
Each source has its own Merits pool for every Epoch. Your final Merits from a source depend on your eligible contribution compared with the total contribution from everyone participating in that source.
{% hint style="info" %}
Merits are not tokens. They cannot be transferred, traded, or withdrawn.
{% endhint %}
## Getting Started
{% stepper %}
{% step %}
**Connect your wallet.**
Binance keyless wallet, OKX Wallet, or MetaMask are recommended; any EVM wallet supported by privy works.
{% endstep %}
{% step %}
**Get Season 2 trading access.**
Access is granted automatically if you still held a valid Genesis Vault position after the 7-day deposit window ended, completed eligible testnet trading or referral activity, joined through an official partner program, or were already linked to a valid referrer. Otherwise, enter another user's valid referral code on the Trading page to unlock perpetuals trading. Once you have access, you can also share your own referral code and invite friends to join Season 2.
{% endstep %}
{% step %}
**Start earning Merits from any source.**
Reduce or close eligible positions, keep liquidity supplied in supported Pools or Vaults, invite friends, or complete eligible swaps. Each source counts toward the current Epoch based on your contribution share.
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{% endstepper %}
## How to Participate
| Source | What Counts in Season 2 |
| ------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |
| **Trading** | Reduce or close eligible positions. Eligible closing volume counts toward your Trading contribution. Opening a position alone does not count. Fees, profit and loss do not increase your contribution. |
| **Liquidity** | Deposit into supported Pools or Vaults and keep your liquidity supplied. Your contribution is based on the eligible deposit amount and how long it remains deposited during the Epoch. During the campaign, eligible deposits into the USD1 Vault earn both Merits and WLFI rewards. |
| **Referral** | Invite users with your referral link or code. Their eligible Trading, Liquidity, and Swap activity can count toward your Referral contribution according to your referral tier. |
| **Swap** | Complete eligible swaps on HertzFlow. Eligible swap volume counts toward your Swap contribution. |
Only eligible Season 2 activity completed during the current Epoch is counted.
### Trading Access
Season 2 uses invitation based access for perpetuals trading. Your wallet receives access automatically if it meets any qualifying condition, including:
* holding an eligible Genesis Vault position when access qualifications were determined
* completing eligible testnet trading or referral activity
* joining through an official partner program
* already being linked to a valid referrer
* holding a valid referral code
If you do not have access yet, enter another user's valid referral code when you visit Trading. You can also open a referral link and confirm the prefilled code. Once the code is successfully bound, you can access Season 2 perpetuals trading.
You can still access Pool, Vault, Referral, and Merits without trading access. A referral code is required when you want to open or increase a perpetual position. After you become eligible, you can create your own referral code from the Referral page and invite others to join Season 2.
## Epochs and Estimated Merits
An Epoch is one scoring period within Season 2. Activity and Merits are calculated separately for each Epoch.
**Your estimated merits** apply to the **current Epoch only**. The estimate uses your latest eligible contribution share within each source and may increase or decrease as you and other users continue participating.
{% hint style="warning" %}
Your estimate is not part of your settled balance and does not guarantee how many Merits you will ultimately receive. Final Merits are determined after the Epoch ends and settlement is complete.
{% endhint %}
## View Your Merits
Connect your wallet, open the **Merits** page, and select **Season 2**. You can view your current Epoch estimate, settled Merits, rank, and available breakdown.
## FAQ
**Why did my estimated Merits change?**
Your estimate depends on your contribution relative to other participants in the current Epoch. It is an estimate, not a guarantee of your final Merits, and may increase or decrease as overall activity changes.
**What rewards can I earn in Season 2?**
In Season 2, you can earn Merits through eligible Trading, Liquidity, Referral, and Swap activity. Depositing into the USD1 Vault during the campaign and holding for 90 days also qualifies you for additional WLFI token rewards.
**Does opening a position earn Trading Merits?**
No. In Season 2, eligible closing volume from reducing or closing a position counts toward your Trading contribution. Opening a position alone does not count.
**Can I use HertzFlow without Season 2 trading access?**
Yes. You can still access Pool, Vault, Referral, and Merits. Trading access is required when you want to open or increase a perpetual position.
**How do I unlock Season 2 trading?**
Bind another user's valid referral code on the Trading page. If you enter through a referral link, confirm the prefilled code to complete the binding.
**When can I create my own referral code?**
After you receive Season 2 access, you can create a referral code from the Referral page. If you already have a code, you can view and share it there.
**Can I transfer Merits to another wallet?**
No. Merits are tied to the wallet that earned them and cannot be transferred.
---
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