1/ Excited to announce that @VortexProtocol has recently been acquired by @SushiSwap . With its one-of-a-kind on-chain matching engine and cross-margining features, Vortex has the potential to truly outcompete centralized exchanges.
1/ So itโs been a busy few months for us, culminating in the acquisition of Vortex Perps by one of the true OGโs of DeFi - Sushiswap.
Itโs been a pleasure to share ideas and work closely with @jaredgrey and his team.
1% of the Sei token supply is allocated to our incentivized testnet and rewarding early members of the Sei community who use the chain.
We value users with a strong desire to advance, test, and develop the Sei ecosystem ๐
6/ This is the first example of DeFi legos coming together on Vortex.
Weโll be sharing more on our Cosmos-wide vision soon, and our plans to make Vortex the most attractive perps exchange for builders, farmers and traders.
Come and join our testnet: https://t.co/He6Gm2iPeA
1/ Welcoming native $UXD to the $SEI ecosystem.
A new kind of trust-minimised, capital efficient stablecoin is coming to Cosmos, utilising Vortex's perps infrastructure.
How will this work, and how it's a win-win ๐๐งต
5/ More often than not, funding is positive in crypto markets, so traders like UXD Protocol will receive funding payments from long positions.
When funding turns negative, their transparent insurance fund maintains the short - more details here: https://t.co/fN2NdYkCub
We stand by the @GMX_IO team and community, true innovation is full of bumps in the road. Mistakes make perfection and weโll definitely learn from this one.
@HsakaTrades heh
sorry about that -- FTX didn't actually go down but the website did wonky auto-refreshing for a lot of people which was pretty frustrating, rolling out a fix for that momentarily
๐ข Launching: OctoSei - Request for Products ๐
Build on the Layer 1 made for DeFi
We're partnering w/ @Cryptocito@strangelovelabs and @galileo_xyz to lay out the best opportunities in #Cosmos. Our team can provide engineering help and offer VC funding for strong teams.๐