Axis is live on @solana Mainnet.
Closed Beta begins today.
380 users. 2,180 ETFs created. That was just 30 days of Devnet.
Anyone can hold tokens. Few can build an index that captures its own value.
Create your custom ETF on Axis. Keep the MEV.
https://t.co/jaAOF6THL8
Future of Onchain FX & Carry Markets
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A thought experiment:
What happens when JPY stablecoins become widely adopted onchain?
Most people assume USD stablecoins win everything.
I’m not so sure.
Thanks for the mention, really appreciate it!
We just completed our Round 1 interview with Colosseum as well, so fingers crossed for the next stage.
Since the hackathon submission, we've launched our Mainnet Closed Beta and have been continuing to iterate on the product and infrastructure.
Would love to catch up sometime soon and share what we've been building since the submission. Looking forward to reconnecting.
You're making a lot of assumptions here.
$MAXIS was launched on the first day of the https://t.co/gWBA0fNjym hackathon in January, not "half a year ago."
It wasn't launched without a plan. The plan was to build Axis, grow the community around it, and experiment with new distribution and alignment mechanisms.
What I've said is that the long-term design is still evolving, not that there was never a plan.
There's a difference between not having a plan and not making promises before the design is finalized.
PS
For the $MAXIS community:
v2 also begins to formalize the role of Axis’ earliest supporters.
A separate $MAXIS Future Vision document will follow with more detail on community alignment and reward weighting.
380 people built 2,180 on-chain ETFs on Axis.
We hadn't spent a dollar on incentives.
Today the Whitepaper v2 that formalizes all of it is live.
Axis is permissionless ETF infrastructure on Solana. Your portfolio is your thesis. Axis makes it tradeable.
Whitepaper:
https://t.co/HMJY3aOx2m
Full pages:
https://t.co/5XricSrXbP
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Axis is built around one belief:
Your conviction should not be trapped inside your wallet.
If you can build a thesis,
you should be able to tokenize it,
share it,
and let the market decide.
Whitepaper:
https://t.co/HMJY3aOx2m
Full pages:
https://t.co/5XricSrXbP
Anyone can ETF anything on Solana.
@smol_intern The idea of building a perpetual futures market for memecoins directly within the app has been discussed within the community for quite some time.
Yes, exactly. Thanks for the advice.
It literally makes ZERO sense not to join the waitlist.
Permissionless perps are coming to Solana.
Imagine leveraged trading on your favorite tokens and prediction markets.
Imagine creating a perp market for your favorite tokens or prediction markets and earning fees.
https://t.co/0rmQtf2o03
Anyone can ETF anything on Solana.
We went heads-down to build. Where it stands now:
→ 380 creators, 2,180 baskets, $0 spent on ads
→ Mainnet closed beta, live, real users
→ PFDA-3, our AMM, ~55% less slippage in our tests
Tomorrow, the full thesis goes public. In writing.
Thank you for featuring Axis on the @solana Community Call! @SolBrothersPod
Our app is currently in an invite-only closed beta, but we are working hard to open it up to the public soon!
Check out the clip below