We are just entering the most profitable stage of the cycle.
And I found a HIDDEN narrative that can potentially unlock 10x-100x for our portfolios.
It's dragon coins – a trend that will take off thanks to the Year Of the Green Wood-Dragon.
🧵🔽:
Numerous exploits have exposed the vulnerability of on-chain perpetual DEXes to market manipulation 🦹🏻
At @HMXorg, the security of users' funds is our utmost priority. To safeguard $HLP depositors against such events, we have implemented multiple mechanisms:
1️⃣ Adaptive Pricing: Our Adaptive Pricing mechanism adjusts the oracle price by applying a premium or discount based on the resulting skew between the long and short open interest of the asset after a transaction is executed. This means that attempting to build a large position in one direction at HMX will incur a discount/premium, significantly increasing the cost of any potential exploit and making it unprofitable for the malicious actor.
2️⃣ Auto Deleverage (ADL): Each trading position has an in-profit price target, at which point the position is automatically closed for users. This serves to limit downside risks for LPs (liquidity providers). The ADL price is determined by the initial margin requirement and is specifically set to strike a balance between risk for LPs and attractiveness for traders.
3️⃣ Open Interest Limit: Each market has its own open interest limit, separately defined for the short and long sides. This limit determines the maximum ongoing open interest that each asset can have on either side. When this limit is reached, new open interest positions are no longer permitted.
Next week, @HMXorg will be introducing a new feature to further enhance our protection against price manipulation exploits. With this upcoming feature, HMX will be able to list a wider range of small to mid-cap crypto assets without compromising fund security 🛡
Stay tuned, Dragons! 🐉
Numerous exploits have exposed the vulnerability of on-chain perpetual DEXes to market manipulation 🦹🏻
At @HMXorg, the security of users' funds is our utmost priority. To safeguard $HLP depositors against such events, we have implemented multiple mechanisms:
1️⃣ Adaptive Pricing: Our Adaptive Pricing mechanism adjusts the oracle price by applying a premium or discount based on the resulting skew between the long and short open interest of the asset after a transaction is executed. This means that attempting to build a large position in one direction at HMX will incur a discount/premium, significantly increasing the cost of any potential exploit and making it unprofitable for the malicious actor.
2️⃣ Auto Deleverage (ADL): Each trading position has an in-profit price target, at which point the position is automatically closed for users. This serves to limit downside risks for LPs (liquidity providers). The ADL price is determined by the initial margin requirement and is specifically set to strike a balance between risk for LPs and attractiveness for traders.
3️⃣ Open Interest Limit: Each market has its own open interest limit, separately defined for the short and long sides. This limit determines the maximum ongoing open interest that each asset can have on either side. When this limit is reached, new open interest positions are no longer permitted.
Next week, @HMXorg will be introducing a new feature to further enhance our protection against price manipulation exploits. With this upcoming feature, HMX will be able to list a wider range of small to mid-cap crypto assets without compromising fund security 🛡
Stay tuned, Dragons! 🐉
Dragons 🐉, the weekly distribution of #realyield is in! 📥
🪙 $HLP: 47.63% APY
🔹14.87% APR in $USDC
🔹8.05% APR from $GM (BTC)
🔹11.54% APR from $GM (ETH)
🔹4.50% APR in $esHMX
🪙 $HMX / $esHMX: 61.39% APY
🔹11.46% APR in $USDC
🔹36.43% APR in $esHMX
🪙 $TLC: 14,000 $esHMX ($120K) distributed to T2E program participants
Earn now 🔽:
https://t.co/y29Ygls1DM
As part of our dedication to driving innovations in decentralized derivatives trading, @HMXorg is proud to be the first onchain perpetual protocol to offer the trading of Customized Index Market (CIM) on @arbitrum 🥇
Our first of many CIMs will be US Dollar Index Market (DIX), scheduled to launch this Thursday, November 16th 📈
Special thanks to @PythNetwork for providing us with the price feeds 🔮
For more details, please read below 🔽:
https://t.co/fckkpxLXUD