Christine Frazier ꧁IP꧂

[Taiko.eth 🥁 @taikoxyz]

We're happy to announce our latest campaign on @Galxe. Taiko x Blazpay: Mint, Stake, and Play! ⚡️

Check out @BlazpayOfficial's innovative NFT entrypass system and explore new dashboard features. 🎮

🔗 Start your adventure: https://t.co/ViCpFTkze0

Check out what's in store 👇

[Christine Frazier ꧁IP꧂ @ChristineF1540]

#ChromaticProtocol roadmap

[Christine Frazier ꧁IP꧂ @ChristineF1540]

@chromatic_perp $CHRMA #ChromaticProtocol #DeFi #Futures #Arbitrum #bullish

[Taiko.eth 🥁 @taikoxyz]

🚀 Thrilled to launch "Beyond Mainnet: The Road to Taiko’s BBR" on Galxe!

Explore Taiko's BBR roadmap & our ecosystem with @imTokenOfficial. Dive into education, challenges & immersive experiences.

Join the journey, powered by @Galxe! ⚡️

[Taiko.eth 🥁 @taikoxyz]

We've launched our latest campaign on Galxe ✨

Get started with Katla: Dive into Taiko’s A6 Testnet with Bitget Wallet 🛠️

• Learn about Taiko's new A6 testnet
• Take a quiz
• Experience Bitget Wallet on A6

Collect points & enjoy the journey! 🤓

More details ⬇️

[Chromatic | MAINNET LIVE @chromatic_perp]

📢Ambassador Program Announcement🎷

We’re launching our Ambassador Program and we need passionate individuals like you! There are three ways to get involved:

1.🌟Influential Ambassador: Ideal for those with a solid social media presence. Use your channels to spread the word about Chromatic Protocol!

2.🌎Communication Ambassador: Got a knack for languages? Help us translate and communicate our core messages in your native tongue!

3.📍Local Ambassador: Dive into local crypto communities and represent Chromatic Protocol. Let's grow together!

💎 Earn rewards in CHRMA tokens for your contributions!

🔗 Sign up here: [https://t.co/e2UBQhRRNk](https://t.co/sNSv7kjvuu)

⏳ Cohort #1 Application open until
- A. Influential Ambassador : Until the milestone of 1 million of 2nd reach is achieved.
- B. Communication Ambassador, C. Local Ambassador : Until 2-3 Ambassadors for each language are recruited.

❕For more detailed information 👉 https://t.co/avtAQqERT3

[Chromatic | MAINNET LIVE @chromatic_perp]

Introducing Chromatic Protocol, the ultimate Perpetual DEX.

Join us on this exciting journey and experience the power of trading like never before.

Get ready for a new era of limitless possibilities. Coming soon to Arbitrum. https://t.co/R59mxs8j49

#Perp #DEX #Arbitrum #DeFi

[Chromatic | MAINNET LIVE @chromatic_perp]

🚨Chromatic Protocol Referral Program Preview Open🚨

⭐️ The Referral Program UX pre-view https://t.co/ZnqmDnMUNA

🔵 Chromatic Protocol introduces a Referral Program to activate the protocol and expand the ecosystem by acquiring key participants, the traders.
🔵 Get your unique referral link and share it with your friends and communities to earn rewards.
🔵 Both you and the users you brought to Chromatic Protocol through the Referral Program will earn reward!
🔵 The official launch of the Referral Program is 1 Feb 2024
🔵 Until February 1, the only activities available are creating and registering referral links. Trading during the testnet period will not be eligible for rewards.
🔵 Once you register someone as your referrer, it's not possible to cancel or replace it.

⭐️ Special Tier for early bird traders!
Early bird traders hurry up, apply for the Special Tier !
🦜🦜🦜👉https://t.co/hASlORbrij
🔵 The Special Tier allows participants to earn higher rewards, with potential earnings of up to 13% for referrers themselves and up to 15% for their referrals.
🔵 Access to the Special Tier is limited to a whitelisted few. However, to celebrate our mainnet launch in Feb and to reward early supporters, we’re offering Special Tier to early bird participants.
🔵 Early birds can get Special Tier by submitting application form above
🔵 Early Bird registrations period: from 27th Dec to 24th Jan

For more details 👉 https://t.co/OxUKo8Cq2L

[Chromatic | MAINNET LIVE @chromatic_perp]

🎉 Happy New Year, Chomers! 🌟

As we step into 2024, we would like to look back on the short yet significant Chromatic’s Journey in 2023, starting from the 16th November testnet launch.

As of 28th Dec 2023, during the first month following the testnet launch, we saw achievements of ..

⚡️ 8,325,097.75 cETH and 324,318.34 cBTC in trading volume
⚡️ 185,440.35 cETH and 2,366.09 cBTC in trading fees
⚡️55,273 transactions occurred
⚡️805 accounts created

We extend our deepest gratitude to the community supporting the early journey of Chromatic Protocol.

Read more 👉 https://t.co/7188mjfVmD

[Chromatic | MAINNET LIVE @chromatic_perp]

🥊X Thread Bounty Program Round 2🥊

Thread Bounty round 2 ongoing!
Create thread and drop the link on our official Discord channel.

🥇💎 2 winners will be awarded in round 2
📆 Round 2 Duration: 18th Dec - 7th Jan

Learn More 👉https://t.co/jai1npYnt5

[Chromatic | MAINNET LIVE @chromatic_perp]

🥊X Thread Bounty Program Round 2 🥊

Thread Bounty round 2 just started!

Create thread and drop the link on our official Discord channel.

1️⃣Round 2: 25th Dec - 31th Dec
🏆2 winners will be awarded in round 2
📆 Program Duration: 18th Dec - 7th Jan
⭐️ Total prize pool of 600 USDT & 18 Boosters Write your best thread🧵⭐️💰

Learn more 👉 https://t.co/jai1npYnt5

[Chromatic | MAINNET LIVE @chromatic_perp]

🥊X Thread Bounty Program Round 1🥊

Thread Bounty round 1 just started!

Create thread and drop the link on our official Discord channel.

1️⃣Round 1: 18th Dec - 24th Dec
🏆2 winners will be awarded in round 1
📆 Duration: 18th Dec - 7th Jan
⭐️ Total prize pool of 600 USDT & 18 Boosters Write your best thread🧵⭐️💰

Learn more 👉 https://t.co/jai1npYnt5

[Chromatic | MAINNET LIVE @chromatic_perp]

📆 D- day 3

🥊 X Thread Bounty Program🥊 starting next Monday!
🏆 Total prize pool of 600 USDT & 18 Boosters

More details 👉 https://t.co/jai1npYnt5

[Chromatic | MAINNET LIVE @chromatic_perp]

🥊X Thread Bounty Program 🥊✍️

Announcing Chromatic Protocol's first Thread Bounty Program!

📆 Duration: 18th Dec - 7th Jan
🏆 Total prize pool of 600 USDT & 18 Boosters

Write your best thread🧵about Chromatic Protocol and win the prize⭐️💰

More details 👉 https://t.co/jai1npYnt5

[Chromatic | MAINNET LIVE @chromatic_perp]

Long-awaited, isn't it? How about we start celebrating Chromvember?

🚨Chromatic Protocol's Official Discord Server Now Open. 🚨

👉Join us! https://t.co/nATfmQB3t7
Let's have some great conversations here! 👥

Embark on a journey with us, unlocking the new era for decentralized futures right here.

[Chromatic | MAINNET LIVE @chromatic_perp]

🚨 Chromatic Protocol Testnet Now Live 🚨

Experience the future of decentralized futures trading: https://t.co/6ZMwVq1ozA

Chromatic is pioneering true futures trading in the web3 financial landscape, aiming to redefine and play a cornerstone role in the space. 🌐✨

👂This is a testnet! It's a crucial arena for testing smart contracts and gathering user input. Feel free to provide feedback on the Discord channel!

Discord 👾: https://t.co/hxJO0nwaZ1

#ChromaticProtocol #TestnetLaunch #DecentralizedFutures #DeFi

[Chromatic | MAINNET LIVE @chromatic_perp]

⭐️Chromatic Protocol’s Airdrop Program Season 1 Announcement ⚡️

Chromatic is excited to unveil Airdrop Program season 1!
👉 Read https://t.co/clc0sYF4Zh

⭐️A highlight aspect of sustainable growth is to retain organic users and community members. To incentivize and reward early supporters, the community will get opportunities to get rCHRMA (reward CHRMA) through the Airdrop program.

Participants actively engaged in various activities supporting the Chromatic community will receive Credits and Boosters.
Use the acquired Credits and Boosters to unlock the Random Box and acquire rCHRMA(Rewarded CHRMA)!

⚡️Join us for the airdrop here https://t.co/TmV5aUBhRH
🎯Engage in activities via Zealy: https://t.co/eguPkt60oD & Discord: https://t.co/88tTfEugTf
📅Duration: Season 1 will run from the current Testnet launch through the initial phase of the Mainnet, from November 2023 to sometime in 1Q 2024.

[DMH 🦇🔊🌊 @DeFi_Made_Here]

Perp DEXes with a liquidity pool model and a flat fee are unlikely to have a bright future. The competition is too big and they need to innovate to stay competitive.

Liquidity is mispriced most of the time. Eg a 0.1% fee for a small trade on GMX v1/Gains is expensive compared to CEXes/new competitors while the same 0.1% fee for a whale order is very cheap.

To protect LPs the protocols have to limit OI which creates a lot of idle liquidity in the pool, charge higher borrowing fees to compensate LPs and make it harder for traders to win against. LP, etc etc.

If the protocols ease on the safety measures there are more chances (there is also a chance) for them to go bust same as what happened to @gains_trade during the Luna crash (they improved the safety after that).

Here is a comparison of the trading costs between different perp DEXes from @d8x_exchange (data is more than 1y old).

As you can see, LOB perp DEX had the lowest cost of trading and is the safest for LPers (Market Makers decide themselves on a risk they want to take).

New designs from @GMX_IO v2 and @synthetix v3 perps are solving some of the problems by creating a fee spread based on the long/short OI.

Traders who are balancing the ratio are getting positive slippage and/or pay less fees, while traders who are unbalancing long/short ratio have to pay higher fees and/or face the slippage.

I think this model is much more fair for both traders and especially LPers.

However, dynamic fees/market making from the active LPers are proved to be more efficient than static pools in the example of Uni v3.

A similar solution is created by @chromatic_perp (15 followers but super cool medium/gitbook, I recommend reading it). LPers can distribute liquidity among bins with different trading fees, synthetically replicating the spread on LOB exchanges).

It will help to concentrate cheap liquidity without the significant risks for LPers and fairly price larger orders.

This might lead to most of the order flow going through this type of exchange, while "toxic trades" (trades that might lead to heavy disbalances or risks for LPers) will go through the DEXes with a flat fee.

Another question is capital efficiency.

Existing perp DEXes are unable to provide high capital efficiency due to the specifics of their design

Source: @d8x_exchange medium

@symm_io significantly improves capital efficiency by replicating LOB design with its peer-to-peer RFQ Design (Automated Markets for Quotations AMFQ).

At the same time, Symm is bypassing on-chain order books throughput limitations.

Conclusion

Perp DEXes space has the biggest potential in DeFi and therefore it has the highest competition. High competition is very good for the end users but protocols will face a race to the lowest possible fees and will have to innovate to stay in the game.

GMX v2, Synthetix perps v3, etc is a step in the right direction but it would be still hard to compete with new perp DEX designs in terms of capital efficiency and dynamic fees that are not based on the internal OI.

And again, I love this space for unstoppable innovations and its builders. Thank you all!

[hotnewcrypto.com @hotnewcrypto]

🔴 [Project Spotlight]🔴SEED OPPORTUNITY
TESTNET LIVE + AIRDROP

"Futures re-imagined"🤯

We interviewed a very early project (350 followers right now) that aims to redefine Perps trading.

👇 Let's explore it

PS: 99% of projects we choose to reach out to, perform.
Don't fade😈

[DMH 🦇🔊🌊 @DeFi_Made_Here]

First of all, oracle-based perp DEXes/lending are always a subject to market manipulations.

They need to use a number of risk parameters set by the DAO or risk management service providers to reduce the risks but most of the time "we live, we learn".

@dYdX decided to increase the initial margin for long-tail assets which is not the most optimal solution. There are a few other ways to mitigate similar issues to $YFI used by other perp DEXes.

The most obvious one is the Max OI per trading pair. This would have prevented the attacker from building a big short position on an illiquid coin.

Perps like @GMX_IO v2 @synthetix @perenniallabs @Aark_Digital and others are trying to keep LPs DN by incentivizing (funding fee, positive slippage, etc) the same long and short exposure for every token. This way LPs have exposure only to the imbalance between long and short OIs.

@gains_trade has the maximum profit on a trade set to 900% PnL. I would say it is less efficient but combined with Max OI it also protects the LPs.

To avoid insolvency risks and forced liquidations, @chromatic_perp decided to integrate predetermined TP/SL. It allows the protocol to remove an insurance fund and thereby save costs.

Trades on @symm_io are always matched against each other so there is no risk of the protocol going bankrupt. Risk parameters are set by each market maker individually.

Exchanges like @GearboxProtocol and @Contango_xyz are not exactly perp trading DEXes but margin trading. This means that there is no risk of insolvency since traders are using spot DEX liquidity. They can only open as big a position as there is on-chain liquidity available.

The above examples are not LOB perp DEXes so they have more flexibility in managing the risks but simple Max OI could have saved dYdX millions.