Ascent Exchange is officially LIVE on Horizen EON @horizenglobal โTrading and Liquidity are Now Open!
You can NOW: ๐
โ๏ธ Swap ๐
โ๏ธ Trade ๐ฑ
โ๏ธ Add liquidity๐ฐ
โ๏ธ Bridge tokens ๐
โ๏ธ Single Token Vaults powered by @ichifoundation
https://t.co/PZHmcYk5bn
1/ ๐งต
I used the @AscentExchange platform to swap a small amount of $ZEN in the #HorizenEON chain for a stable coin $USDC that will be paid as a commission. Max Slipage sets it at 0.1%, and checks the minimum amount you can get. And click the 'Confirm Swap' button to finish.
Happy Valentine's Day from all of us at Ascent Exchange!
๐ Sending love, joy, and positivity your way today and always.
May your day be filled with cherished moments and heartwarming connections.
If you haven't already, be sure to check out our 2023 Horizen Annual Review!
Review the major milestones of 2023, including:
๐ฅ Mainnet Launch of Horizen EON
๐ฅ Launch of the Horizen DAO
๐ฅ ZenIPs 42204 & 42206 Passing
๐ฅ And more!
Dive in
๐
https://t.co/P5ulYajzK3
๐ผ๐จ๐๐๐ฃ๐ฉ ๐๐ญ๐๐๐๐ฃ๐๐'s ๐๐ก๐ฎ๐ฌ๐๐๐๐ก ๐๐๐๐๐๐ฉโA self-sufficient, perpetual cycle of positive benefits on Horizen EONโ @horizenglobal.
๐๐ฉ ๐๐๐ข๐จ ๐ฉ๐ค
โ๏ธ Maximize rewards.
โ๏ธ Optimizes liquidity.
โ๏ธ Provide an unparalleled trading experience
๐๐ค๐ฌ ๐ฟ๐ค๐๐จ ๐๐ฉ ๐๐ค๐ง๐ โ
The key to ๐ผ๐จ๐๐๐ฃ๐ฉ ๐๐ญ๐๐๐๐ฃ๐๐'s ๐๐ก๐ฎ๐ฌ๐๐๐๐ก effectiveness lies in the synergy between veAEX holders, voting power, and AEX emissions.
๐๐๐ง๐โ๐จ ๐ฌ๐๐ฎ ๐๐ฉโ๐จ ๐จ๐ค ๐ฅ๐ค๐ฌ๐๐ง๐๐ช๐ก:
๐ณ๏ธ ๐ซ๐๐ผ๐๐ ๐๐ค๐ก๐๐๐ง๐จโ ๐๐ค๐ฉ๐๐ฃ๐ ๐๐ค๐ฌ๐๐ง:
veAEX holders have the unique privilege of voting on the pools that generate the most fees and rewards. This democratic process empowers the community and ensures that decisions are made collectively.
๐ ๐๐๐ญ๐๐ข๐๐ฏ๐๐ฃ๐ ๐๐ข๐๐จ๐จ๐๐ค๐ฃ๐จ:
When veAEX holders collectively vote for specific pools, more AEX emissions are directed towards those pools. This means that the pools favored by the community receive a higher share of the rewards.
๐ ๐ผ๐ฉ๐ฉ๐ง๐๐๐ฉ๐๐ฃ๐ ๐๐๐ฆ๐ช๐๐๐๐ฉ๐ฎ:
Higher emissions attract more liquidity to these favored pools. With more liquidity, the slippage decreases, making trading smoother and more efficient.
๐ฐ ๐ฝ๐ค๐ค๐จ๐ฉ๐๐ฃ๐ ๐๐ง๐๐๐๐ฃ๐ ๐๐ค๐ก๐ช๐ข๐:
Reduced slippage, in turn, attracts more trading volume. This surge in trading volume generates more fees for the pool, creating a positive feedback loop. ๐
Instead of merely incentivizing liquidity through emissions, Ascent Exchange incentivizes veAEX holders to lock, vote, and direct emissions strategically.
The outcome is clear - the pools with the highest utilization in terms of trades and fees receive the most emissions and attract the most liquidity.
๐ผ ๐๐๐ ๐ฝ๐ง๐๐๐๐ฃ๐ ๐๐๐ค๐จ๐ฎ๐จ๐ฉ๐๐ข:
Ascent Exchange incorporates an ingenious bribe system into the protocol. This system is set to revolutionize the way we incentivize liquidity and empower the community.
๐ฆ The Bribing Marketplace is permissionless, meaning third parties can freely add bribes to gauges, with the aim of influencing veAEX holders' votes and increasing the amount of $AEX incentives emitted for the corresponding pool.
๐ฐ The more bribes added to a gauge, the more $AEX emissions that gauge is likely to receive in the next epoch.
๐ผ๐จ๐๐๐ฃ๐ฉ ๐๐ญ๐๐๐๐ฃ๐๐ ๐๐ค๐๐ก ๐๐จ ๐ฉ๐ค ๐๐ง๐๐๐ฉ๐ ๐ ๐จ๐๐ก๐-๐จ๐ช๐จ๐ฉ๐๐๐ฃ๐๐ฃ๐ ๐๐ฎ๐๐ก๐ ๐ค๐ ๐๐๐ฃ๐๐๐๐ฉ๐จ ๐๐ค๐ง ๐ฉ๐๐ ๐ฅ๐ง๐ค๐ฉ๐ค๐๐ค๐ก ๐๐ฃ๐ ๐ฉ๐ค๐ ๐๐ฃ.
โ๏ธ veAEX holders vote for pools they believe will generate more fees and bribes.
โ๏ธ When more holders vote for a pool, it gets more emissions, attracting liquidity.
โ๏ธ More liquidity reduces slippage, increases trading volume, and generates more fees for the pool.
Ascent Exchange v3,3 Flywheel, with its groundbreaking tokenomics and dynamic Bribing Ecosystem, is poised to contribute to a thriving DeFi ecosystem on Horizen EON by creating a self-sustaining cycle of growth, innovation, and opportunities.
๐คฉ Don't miss out on the upcoming AEX launch on Horizen EON ๐ฅ ๐
Earn High yield hassle-free with Ascent Exchange's ๐ฆ๐ถ๐ป๐ด๐น๐ฒ ๐ง๐ผ๐ธ๐ฒ๐ป ๐๐ฒ๐ฝ๐ผ๐๐ถ๐ ๐ฉ๐ฎ๐๐น๐๐ powered by ๐๐๐๐ ๐ฌ๐ถ๐ฒ๐น๐ฑ ๐๐ค-- @ichifoundation!
๐ฐ Deposit your tokens and let ICHI's algorithms do the work.
โถ๏ธ https://t.co/yGfUtSHTjD
๐๐๐ฎ๐ถ๐น๐ฎ๐ฏ๐น๐ฒ ๐ฝ๐ฎ๐ถ๐ฟ๐: ๐ฅ
โข ๐๐๐๐ฟ-๐ฌ๐๐๐
โข ๐ฌ๐๐๐-๐ฝ๐๐พ
โข ๐ฌ๐๐๐-๐๐๐
โข ๐๐๐ฟ๐พ-๐๐๐
โข ๐๐๐-๐ฝ๐๐พ
โข ๐๐๐ฟ๐พ-๐๐๐ฟ๐
โข ๐ฌ๐๐๐-๐ผ๐๐ผ๐
โข ๐ฌ๐๐๐-๐๐๐ฟ๐
โข ๐ฌ๐๐๐-๐๐๐ฟ๐พ
โข ๐ฌ๐๐๐-๐ฌ๐๐๐
โข ๐ฌ๐๐๐-๐ฌ๐ฝ๐๐พ
โ๏ธ With ICHI Yield IQ Vaults, simply deposit your tokens, and ICHI's smart algorithms take care of the rest.
๐ฆ Your assets will be allocated to Ascent's Concentrated Liquidity pools (V3), ensuring maximum returns and auto-compounding offees. ๐ฐ
๐๐ฒ๐ฎ๐ฟ๐ป ๐บ๐ผ๐ฟ๐ฒ:
https://t.co/re6BhoXlcD
๐๐๐ฐ๐ฒ๐ป๐ ๐๐ ๐ฐ๐ต๐ฎ๐ป๐ด๐ฒ: ๐ง๐ต๐ฒ ๐๐น๐๐ถ๐บ๐ฎ๐๐ฒ ๐น๐ถ๐พ๐๐ถ๐ฑ๐ถ๐๐ ๐น๐ฎ๐๐ฒ๐ฟ ๐ผ๐ป #HorizenEON--- @horizenglobal.
With a staggering nearly $๐ญ ๐ฏ๐ถ๐น๐น๐ถ๐ผ๐ป in founding liquidity partners and a significant investment from Wave GP, as well as $๐ฑ๐ฌ๐ฌ,๐ฌ๐ฌ๐ฌ deposited into Ascent Exchange's ICHI Yield IQ Vaults with our partner ๐ค @ichifoundation
๐ฆ๐๐ฎ๐ฟ๐ ๐๐ฟ๐ฎ๐ฑ๐ถ๐ป๐ด ๐ฎ๐ป๐ฑ ๐ฎ๐ฑ๐ฑ๐ถ๐ป๐ด ๐น๐ถ๐พ๐๐ถ๐ฑ๐ถ๐๐ ๐ง๐ข๐๐๐ฌ:
โถ๏ธ https://t.co/7ZA4WvCbpt
๐คฉ You can easily :
๐ข Swap
๐ข Trade
๐ข Add liquidity
๐ข Bridge tokens
๐ข Use Single Token Vaults powered by @ichifoundation
We've integrated Olympus's (3,3) tokenomics and Curve's (ve) vote escrow system into our platform, putting liquidity providers at the forefront offering protocols and $AEX holders:
- Deep liquidity
- Low slippage and Ultra-low fees
โ๏ธ ๐ข๐๐ฟ ๐ฉ๐ฏ ๐๐ผ๐ป๐ฐ๐ฒ๐ป๐๐ฟ๐ฎ๐๐ฒ๐ฑ ๐๐ถ๐พ๐๐ถ๐ฑ๐ถ๐๐ ๐บ๐ผ๐ฑ๐ฒ๐น ๐ผ๐ณ๐ณ๐ฒ๐ฟ๐ ๐น๐ถ๐พ๐๐ถ๐ฑ๐ถ๐๐ ๐ฝ๐ฟ๐ผ๐๐ถ๐ฑ๐ฒ๐ฟ๐:
- Up to 25x lower swap fees (as low as 0.01%)
- Up to 4,000x better capital efficiency
- Stable swaps for correlated assets like USDC -- USDT trades
- UniV2 style swaps to trade non-correlated assets like ZEN-USDC
โ๏ธ ๐จ๐ป๐น๐ผ๐ฐ๐ธ ๐๐ต๐ฒ ๐ฝ๐ผ๐๐ฒ๐ฟ ๐ผ๐ณ โ๐๐๐๐ ๐ฆ๐ถ๐ป๐ด๐น๐ฒ ๐ง๐ผ๐ธ๐ฒ๐ป ๐ฌ๐ถ๐ฒ๐น๐ฑ ๐๐ค ๐ฉ๐ฎ๐๐น๐๐โ
โถ๏ธ https://t.co/yGfUtSHTjD
With ICHI Yield IQ Vaults, simply deposit your tokens and let ICHIโs smart algorithms do the work.
Theyโll automatically allocate your tokens to Ascentโs Concentrated Liquidity pools (V3), maximizing your returns with passive auto-compounding of generated fees.
โ๏ธ ๐๐ฟ๐ถ๐ฑ๐ด๐ฒ ๐ง๐ผ๐ธ๐ฒ๐ป๐
Easily bridge tokens to #EON using the @InterportFi cross-chain router and @LayerZero_Labs technology.
โถ๏ธ https://t.co/ZhuQi76CnS
๐๐ฒ๐ฒ๐ฝ ๐ถ๐ป ๐บ๐ถ๐ป๐ฑ:
$ZEN is the gas token for Horizen EON.
Check out how to set up a wallet and transfer ZEN to EON sidechain at
โถ๏ธ https://t.co/saYO5RlY7I
Join us TODAY in building an innovative ve(3,3) system to fosters active collaboration and propels sustained growth on Horizen EON.
For more details and swift access to Ascent Exchange, please visit:
โถ๏ธ https://t.co/RsBsUEANd9
๐ Like, ๐ฌ comment, ๐ repost to help us #BUILD the future of #DeFi and #Web3 on Horizen EON- @horizenglobal
I've done several swaps using the #HorizenEON chain platform, but for sensitive fee issues, swapping through the Ascent exchange V3 window seems to provide the best system. This time, I'll try with the tether stable token. Next time, I'll swap with $ZEN with this.
#Horizen $USDT
We're live on TaskONโ @taskonxyz, bringing amazing opportunities powered by Horizen Eonโ @horizenglobal to our #Web3 community.
๐ Be the first to access our upcoming TaskON #Giveaway Campaign!
Follow Ascent Exchange on TaskON:
๐
โ๏ธ https://t.co/M6KWL0ae1f
Don't miss out! ๐ฅ
A quick update from the #HorizenEON Ecosystem๐
Exciting updates on the upcoming $AEX token launch on Horizen EON
Join us on a journey through @AscentExchangeโs Dual Token Model $AEX and veAEX.
As $AEX nears launch on #HorizenEON@horizenglobal, here are the various ways you can earn $AEX upon launch (events and campaigns to participate) including the dual token system ( $AEX & $veAEX ).
A Thread ๐งต...
Let's dive right into it:๐
๐ Biggest #Airdrop event coming up!
๐ 11,000,000 $๐ผ๐๐ airdropped at Launch on Ascent ExchangeโThe Next-Gen Liquidity Layer on Horizen Eonโ @horizenglobal
Join our community now for the airdrop!
๐
โ๏ธ Telegram: https://t.co/ktNau7yMhm
โ๏ธ Discord: https://t.co/EJfjOqXTYd
Learn more about AEX: https://t.co/U5kIJYrK6c
Don't miss out!
EON 1.2.0 is Available to Download - Latest Node Software Upgrade.
There are lots of exciting new features from EON 1.1.0 to EON 1.2.0!
Learn more in our blog post
๐
https://t.co/nW6D8woTCN
Ascent Exchange offers a versatile and efficient swapping mechanism through its unique V3 Concentrated Liquidity model powered by vAMM and sAMM technologies:
๐ฆ ๐ง๐ผ ๐๐๐ฎ๐ฟ๐ ๐๐ฟ๐ฎ๐ฑ๐ถ๐ป๐ด ๐ผ๐ป ๐๐๐ฐ๐ฒ๐ป๐ ๐๐ ๐ฐ๐ต๐ฎ๐ป๐ด๐ฒ, ๐ต๐ฒ๐ฎ๐ฑ ๐๐ผ
https://t.co/pmNslLf8D6
๐ข ๐๐ผ๐ป๐ป๐ฒ๐ฐ๐ ๐๐ผ๐๐ฟ ๐๐ฎ๐น๐น๐ฒ๐:
Make sure you are on the Horizen EON Network.
๐๐ฒ๐ฟ๐ฒ ๐ถ๐ ๐ผ๐๐ฟ ๐ด๐๐ถ๐ฑ๐ฒ ๐ผ๐ป ๐ต๐ผ๐ ๐๐ผ ๐๐ฒ๐ ๐๐ฝ ๐ฎ ๐๐ฎ๐น๐น๐ฒ๐:
https://t.co/TBOigiqZ9g
๐ผ๐จ๐๐๐ฃ๐ฉ ๐๐ญ๐๐๐๐ฃ๐๐ ๐3 ๐พ๐ค๐ฃ๐๐๐ฃ๐ฉ๐ง๐๐ฉ๐๐ ๐๐๐ฆ๐ช๐๐๐๐ฉ๐ฎ ๐ข๐ค๐๐๐ก ๐ค๐๐๐๐ง๐จ:
โ๏ธ Ultra-low swap fees (0.01%)
โ๏ธ Up to 25x lower swap fees for traders
โ๏ธ Up to 4,000x enhanced capital efficiency for liquidity providers compared to V2 LPs!
โฆ ๐๐๐ฉโ๐จ ๐๐ญ๐ฅ๐ก๐ค๐ง๐ ๐ฉ๐๐ ๐ช๐ฃ๐๐ฆ๐ช๐ ๐๐๐๐ฉ๐ช๐ง๐๐จ ๐ค๐ ๐ฉ๐๐ ๐ข๐ค๐๐๐ก:
โ Stable Swaps tailored for correlated assets like USDC --USDT ensuring a seamless and efficient trading experience for stable assets.
โ UniV2 Style Swaps for non-correlated assets with trading fees allowing you to trade pairs like ZEN-USDC.
At the heart of Ascent's trading ecosystem are its Liquidity Pools, designed with integrated smart routing to ensure optimal price execution for traders.
These AMMs are not only battle-tested but also composable, making Ascent Exchange the perfect DEX for other protocols to build on.
๐๐๐ ๐ ๐ฃ๐ผ๐ผ๐น๐: ๐ง๐ต๐ฒ ๐จ๐ป๐ถ๐ฉ๐ฎ ๐ฆ๐๐๐น๐ฒ ๐ข
vAMM pools cater to the trading of uncorrelated assets like $ZEN, $BTC, and $ETH. They epitomize decentralized AMMs, enabling users to swap tokens directly without relying on central order books or intermediaries.
Exchange rates are dictated by the relative supply and demand of each token, making vAMM ideal for handling volatile assets.
๐๐๐ ๐ ๐ฃ๐ผ๐ผ๐น๐: ๐ข
sAMM Pools in contrast, embrace the Curve style and are tailored for the trading of correlated or loosely pegged assets such as $DAI, $USDT, and $USDC.
Unlike conventional AMMs that utilize a constant product formula, sAMMs employ a constant sum formula.
This approach maintains the total value of assets within the pool at a constant level, effectively minimizing slippage and price impact, which makes sAMMs particularly well-suited for stable assets.
๐๐ฒ๐ฒ ๐ฆ๐๐ฟ๐๐ฐ๐๐๐ฟ๐ฒ: ๐ธ
Ascent Exchange has engineered an adaptable fee structure that fosters competitive swap rates while simultaneously generating substantial revenue for veAEX voters and incentivizing liquidity provision, ultimately boosting the rate of asset locking. .
๐ง๐ต๐ฒ ๐ฐ๐๐ฟ๐ฟ๐ฒ๐ป๐ ๐๐ฟ๐ฎ๐ป๐๐ฎ๐ฐ๐๐ถ๐ผ๐ป ๐ณ๐ฒ๐ฒ๐ ๐๐๐ฎ๐ป๐ฑ ๐ฎ๐:
โข vAMM: 0.2%
โข sAMM: 0.025%
These fees can be fine-tuned over time, ensuring a fluid and effective swapping experience for users.
Join us on the Horizen EON Chain - @horizenglobal for a new era of trading possibilities!
๐ ๐๐๐ ๐ , ๐๐ค๐ข๐ข๐๐ฃ๐ฉ , ๐๐ฃ๐ ๐ ๐ง๐๐ฅ๐ค๐จ๐ฉ ๐ฉ๐ค ๐จ๐ฅ๐ง๐๐๐ ๐ฉ๐๐ ๐ฌ๐ค๐ง๐
Stay tuned for more exciting developments!