Users, developers, and validators can engage with the testnet through Galxe's Quest platform. The Galxe Quest platform will feature activities involving the core chain, its enshrined applications, and projects building in the ecosystem.
https://t.co/uZtGRKa6TJ
Money printing, Well3 NFT at #opBNB@BNBCHAIN
Free mint a Well3NFT to record your daily wellness activity by AI & blockchain
Mint here: https://t.co/j5V7kVsOCG
#Well3 $well @Yogapetz
$WELL come @phaverapp@eesee_io@PGodjira@KaijuKingz to #WELL3 as our community partners 🪷🙏
All their community members will be able to claim collection insight according to their holding or wallet address in https://t.co/LhQviXwp1t
Be $WELL together, #WAAO
We have officially partnered with @Yogapetz and their platform WELL3, powered by @BNBCHAIN.
WELL3 allows users to engage in daily wellness practices and earn rewards.
All CyberKongz collections on ETH are now collecting Insights, which will equal a certain amount of $WELL tokens in the future.
WELL3 Beta 1.0 - Phase 2 Activation https://t.co/kI4bId3YVY 🪷
Super Quest🔥
Continuously completes a free quest for at least 6 days, will get a **SUPER QUEST** on Day 7 with a higher chance to get a rare insight
Collection Insight🤝
Selected communities will able to claim collection insight(s) based on their holding and address every 7 days, @CyberKongz@TheYuliverse are the first TWO onboarded
More is coming, for details please check our discord announcement #WELL3 $WELL
WELL3 Powered by @BNBCHAIN
305K+ users in 2 weeks
Unique Wallets: 156,820
Daily Active Wallets: 96,760
Total TX: 1,080,528
Thanks to the smooth and low gas experience provided by #opBNB, achieving significant adoption for #WELL3 becomes effortlessly attainable.
#opBNB#WELL
Wellness is a worldwide business #WELL3 powered by @BNBCHAIN#opBNB
We onboard 300K users in 2 weeks🎉
I'm sharing 5 exclusive invite codes to join https://t.co/j5V7kVsOCG
Join and bring your friends along. Stay Zen! Oohm!
U9U4C
TX32W
TK33Q
T6RGS
SS9DT
@YogaPetz@keung $WELL
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.
@GainsNetwork_io 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.
🔴 [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😈