Something’s washed ashore… 🌊🍡
Starting today, trade on Dango to earn Silver Boxes.
Some may contain rare Boosters.
A few may be worth up to 2.5x points for the duration of the epoch you find them in
The Summer Hunt begins now
There were some unexpected difficulties, but as always, I'm strongly supporting #Dango.
Now is the time to move forward vigorously with the passion of the developers and the power of our community.
I believe in Dango.
Gdango 🍡
@dango@larry0x
Perps testnet is live.
Already working through feedback, tightening everything before mainnet next week.
Some strong partners lining up behind the scenes too.
This is where it starts to come together🍡
What have the @dango 🍡 team been up to?
For all you curious dangbros, here's a quick rundown of everything bullish that's been happening behind the scenes:
1. Perps are now 90% complete, won't be long before you can deposit and start trading! Fees will be super competitive (as low as 0 maker and 0.014% taker for those at the bottom of the ladder) with blue chip listings to kick things off ( $BTC, $ETH, $SOL, $HYPE)
2. Our market making vault (Dango's version of LLP/HLP) is coming along nicely. We're working with one of the largest quantitative trading firms in crypto to help optimise its strategy parameterisation, risk guardrails, rebalancing mechanics, and fee/PnL distribution models
To help us bootstrap liquidity, 100% of the profit from the vault will go to depositors as well as 1/4 of the weekly points distribution (should be an excellent yield opportunity for those sitting in stables)
3. Our points program is ready and will follow swiftly after perps - expect gamified elements with leagues, loot boxes, and NFTs. If you like ripping Pokémon packs and/or scratch cards, you'll love what we have planned! There'll be 3 ways to earn points:
- Trading
- Depositing into our market making vault
- Referring other traders to our exchange
4. The referral system is finished and will launch together with the points program (the 2 are designed to compliment and propel each other). Affiliates will be able to earn up to 60% commission + 20% of the points from their direct referrals, and 5% of the points from their indirect referrals
It's almost go time, looking forward to showing the world that we as a team really are cut from a different cloth. Now, back to work!
Most DeFi apps are just incentives glued to AMMs.
We built an actual exchange.
Order book matching.
Batch auctions.
Unified collateral.
There’s something bigger powering it 🍡
Watching the Super Bowl last night was a good reminder for us.
Games aren’t won on highlights.
They’re won on the boring work that holds up every single play.
That’s exactly how we’re building Dango, and it’s why we’re so confident in where this is headed 🍡