Froozog

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[moonboots DAO @MoonbootsDao]

🚀 The Moment Has Arrived! 🚀

🎉 The $MBDAO Token Generation Event (TGE) is scheduled for 13:00 UTC tomorrow, May 7th!

🔄 Trading of MBDAO/USDC will kick off on Uniswap on @base .
⏰ Token distribution begins shortly after at 13:15 UTC.

🎁 To celebrate, we’re giving away 10 MB1 memberships, each loaded with 5,000 $MBDAO!

To enter, follow all the steps in the comments ⬇️

[Squigs @SquigsCat]

1/ A lot of ppl have asked me today, why Core? What about other perps platforms on Blast vamping volume? What about other SYMMIO partners?

Put simply, @Core_Markets is the best situated derivatives DEX on Blast here's why...

A 🧵

[levy (△/acc) @levysaur]

The @Blast_L2 ecosystem so far has been dull:

👎Rug Pulls and Points

Now @Core_Markets is launching with:

👍Killer Product
👍Amazing Tokenomics
👍Big Bang Competition Winner / Incentives

What are you waiting for? Finally something to be excited about on Blast.

[SYMMIO @symm_io]

Welcome to our latest frontend partner: @Core_Markets

Core enables leverage trading of over 250 pairs on @Blast_L2 utilizing the @IntentX_ serviced frontend solution.

With their token launch and airdrop imminent, the time to pay attention is now! 👇

[Froozog @froozog]

https://t.co/fSzJRrfoLF

[levy (△/acc) @levysaur]

Really excited to help incubate @Core_Markets !

As winners of the Big Bang Competition and with support from @symm_io and @IntentX_ I know they will crush it.

The tokenomics and flywheel is sound, the product is sound, and the Blast ecosystem is sound. Lfg!

[Beacon @0xxbeacon]

Perp markets are now on the brink of explosive growth !

• Six months of escalating volume
• Ready for their first bullruns

Every alpha hunter knows a growing ecosystem needs an efficient Perp market.

Let's search for a promising Perp market in the hottest ecosystem 🧵👇

[Ace @Ace_da_Book]

Why $CORE? ⛺️🪐

Stakers make bank 🏦

🟡First intents based perpetuals DEX token since $BASED.
🟡Real yield was 50-100% paid in stablecoins, but will be higher now that @symm_io has incorporated funding rates.
🟡Stakers get additional @Blast_L2 incentives

[Moni 🧙‍♂️ @getmoni_io]

Bulla always rewards those who ride narratives.

@Blast_L2 may have faded from your attention.

Yet, interesting projects are continuously showing up.

Let's dive deep into one of them called @Core_Markets.

👇

✦ What’s Core Markets?

Core Markets is an intent-based derivatives platform on Blast.

Protocol provides the lowest funding rates for on-chain perpetuals via using the native yield of $USDB to subsidize funding rates for both traders and solvers within Core.

✦ How Core Intents work?

The platform has two users: traders and solvers. When trader expresses their 'intent to trade' via the Core interface, this action triggers an instantaneous quote response, as real-time quotes are streamed continuously from solvers—sophisticated off-chain market makers.

If the trader agrees to the trade's terms, he opens the deal, and upon this request, a solver hedges—potentially through a variety of avenues such as CEX, DEX, or OTC desks—before execution.

This ensures they maintain a delta-neutral position concerning the collateral required for facilitating the trade.
@symm_io originally created such a system, and it has been referred to as an Automated Market for Quotes.

✦ The main advantages of the protocol

The main advantages of this kind of perps protocol can be attributed to:

1. Deep Liquidity/Low Fees

Many protocols suffer from a lack of liquidity in certain pairs, which leads to a large slippage when opening positions.

In turn on Core Markets, if a trader wants to open a short on a large position, the best places for this trade will be found.

2. Huge number of pairs to trade

As stated in the documentation, there will be more than 250 trading pairs open at launch and the number will constantly increase as the platform can easily integrate new assets if solvers can hedge them.

Basically, these are all tokens from all possible protocols and CEXs (Remember how many assets are on Binance Futures?).

3. Funding + $USDB

As mentioned earlier, the user does not suffer from slippage, and they only pay for funding and a minimal 0.06% Core base fee.

But the best part is that USDB is a native stablecoin on Blast, holding it you automatically earn yield as if you were holding a stablecoin in @MakerDAO.

Since USDB is used on Core Markets when you open a trade, this yield partially offsets the funding costs, so you lose less money on it.

✦ Narrative and Trend

I think two narratives can be combined here: Blast and Intents.

Imo, so far intents is a very underrated field that is slowly developing and becoming more popular. Most people still don't realize how much it can change the decentralized perps market for the better.

But, of course, it would be more correct to bet on Blast, whose TVL is already $1.05B and continues to grow every day.

In fact, at the moment the only quality DeFi protocol that has released its token on this chain is @OrbitLending, whose FDV is $225M.

Almost all Defi protocols on Blast instead of launching a token, are launching points and maybe only in May we will see their tokens. In my opinion, this is a great opportunity for other protocols to attract liquidity not only in their protocol but also in the token, as the competition in this area is quite small and there is already a lot of money in Blast.

We still haven't seen the real narrative of Blast projects yet and it could start any day.

✦ Tokenomics

Token Supply for Liquidity and TGE will be used for LBP on Fjord and will be curated by Tempo as early as this week.

There will be 100% on TGE for LBP participants and the starting FDV will be $50M

✦ Utility

It's quite simple, first of all, since Core Markets doesn't need LPs, the platform only rewards traders for using the platform. The rewards are in tokens and 45% of the Total Supply is allocated to them. In turn, $CORE token users will be able to stake and receive a portion of the protocol's profits in $USDB.

That said, it's important to mention that Core Markets also shares profits with @IntentX_ (15%) and @symm_io (40%)

The team will compensate for this by having users also earn Blast Airdrop for staking. 100% of which will go to the stakers.

✦ Social Networks and Community

675 followers and 35 Smarts: @loomdart, @pranksy, @TheDeFinvestor and other big names.

It's not entirely clear if they participated in the seed round or not, but what if we see a short/long on loomdart's PUMP token on Core Markets?
Aaaand that's it for today frens!

If you've found this read useful, show some love with a like, retweet, and share.

Also, don't forget to follow us to stay ahead of the game. 💜

[Froozog @froozog]

Verifying my Twitter account for my #GalxeID gid:monCv7CF6TTdLqQxZdSs5W @Galxe

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[Froozog @froozog]

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[Hyperlauncher @hyperlauncherAI]

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IDOs loading....⏳

[CoinTerminal @CoinTerminal]

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[CoinTerminal @CoinTerminal]

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[Froozog @froozog]

@thesaint_ @BuyBTC777

[Hey Wallet! @hey_wallet]

We need to test another airdrop

Retweet and like 💚

[NFT @Nft4Play]

📢Leaderboard announcement📢

🥳Rewards have been allocated for week of 3 October, see comment for info👀

#cryptocurrency #NFTCommunity #NFT #NFTGaming

[Froozog @froozog]

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[Froozog @froozog]

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[Froozog @froozog]

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