Sai has launched its new perpetual contracts trading platform, Sai Perps, and is hosting a one-month on-chain trading competition titled "Let's Go Saicho." The contest, running from February 12 to March 12, 2026, offers a total prize pool of $25,000. The event is divided into two phases: a PNL competition for profitable traders and a "Be Early" initiative rewarding early participants who meet trading volume requirements. Sai contributor Matthias Darblade emphasized that Sai Perps aims to provide a seamless trading experience akin to centralized exchanges while maintaining the transparency and settlement guarantees of on-chain infrastructure. This launch marks a significant step in offering traders a platform that balances speed with self-custody.