😊Glad to launch the #StarryNift & OKX X1 Testnet Campaign 2!
🍾Explore StarrySwap on @X1_Network and #Freemint your Citizenship!
🔗Entrance: https://t.co/j3Yn42KwKs
🎁Swap on StarrySwap and win #OAT #Citizenship XP Bonus!
👀More details: https://t.co/a12facSext
#Airdrops
🎉 Week 3 of #X1TestnetTour has arrived – Dev Engagement Week!
😎 Dive into quizzes on the X1 testnet. It's time to get more points.
AND we're going to reveal NFTs during the week. Stay tuned! 👀
Sign up to BRC App and get a .btc domain airdrop. It's the one app you need to enter the BRC20 ecosystem. Enter through their bio: @BRCapp
$BRCT #BRCApp
https://t.co/ofRPAPjI3F
Exciting news! 🎉 SyncSwap and @CryptoRubic are teaming up to ring in the 2024 New Year powered by @Galxe! 🥳
Swap on SyncSwap with Rubic 🧊 Amazing prize pool of $170,000 and a Tesla are worth fighting for!
Join our campaigns ▶️
• SyncSwap: https://t.co/XXLB6EkejD
• Rubic: https://t.co/osUQhlf5e7
Attention @MendiFinance users!
Our "Ecosystem Airdrops" article series concludes with you. 🫵
In our last article, we unveiled details about the upcoming airdrop exclusive to loyal Mendi users.
To discover more about 2M $SEF tokens set to be airdropped to $MENDI stakers, please refer to the article below:
https://t.co/TYQzW3NIdK
#Airdrop #MENDI #LineaVoyage $SEF #BNB
🌟 Introducing Crypto Valley Exchange Affiliate Dashboard!
Join now and earn 10 XP just for signing up! Refer friends and gain more XP points: 10 for each friend and 5 for their friends!🤝
Start inviting now and be ready for future rewards: https://t.co/iNOiRd0JFV
Opal Airdrop Program
The winter wind now blows in at the entrance to the cave, echoing to the ears of the diggers, accompanied by a gentle melody. The bells ring out on the last day of the Advent calendar, announcing Opal's airdrop program. 🎄
A thread 🧵
1/10
I'm excited to be part of the @magicsquareio Road-to-TGE Campaign in collaboration with @CoinList!
Prize pool of 2,500,000 $SQR Tokens! Don't miss out, join now:
https://t.co/L7ZdXrhoSG
#MagicSquare#AirDrop
Are the current DEXs on the market really good enough? There are big holes that will be exposed at some point.
Food for thought. 👇
Medium: https://t.co/R59mxs8j49
🔥New Feature ARRIVED🔥
We added a new feature called Pool before testnet launch and updated the docs
More about: https://t.co/GdMuukKJ1X
Background :
Chromatic's unique approach involves partitioned Liquidity Providers, which split liquidity across 72 distinct bins for each market. While this system provides opportunities for risk-takers to strategically invest in specific bins at precise moments, it may seem daunting for those more risk-averse. Recognizing this, Chromatic has introduced the Pool. The Pool is designed to aid risk-averse liquidity providers, allowing them to optimize their liquidity strategies and seek stable, long-term returns.
⭐️Chromatic Protocol’s Airdrop Program Season 1 Announcement ⚡️
Chromatic is excited to unveil Airdrop Program season 1!
👉 Read https://t.co/clc0sYF4Zh
⭐️A highlight aspect of sustainable growth is to retain organic users and community members. To incentivize and reward early supporters, the community will get opportunities to get rCHRMA (reward CHRMA) through the Airdrop program.
Participants actively engaged in various activities supporting the Chromatic community will receive Credits and Boosters.
Use the acquired Credits and Boosters to unlock the Random Box and acquire rCHRMA(Rewarded CHRMA)!
⚡️Join us for the airdrop here https://t.co/TmV5aUBhRH
🎯Engage in activities via Zealy: https://t.co/eguPkt60oD & Discord: https://t.co/88tTfEugTf
📅Duration: Season 1 will run from the current Testnet launch through the initial phase of the Mainnet, from November 2023 to sometime in 1Q 2024.
The rise of perp dexes is one highlight of this year.
These dexes allows you to trade assets with high leverage without an expiry date.
But after the success of Gmx, most perp dexes havent been able to replicate that.
But thats not the case for @chromatic_perp.
Find out why:
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.
@gains_trade 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.
🧵Are you tired of trading on your regular everyday Perp futures trading protocol and looking for a protocol that offers more? Look no further than @chromatic_perp.
In this thread, we'll explore why it's the go-to protocol and there’s an airdrop so follow to stay tuned!!
❤️+ Rt