Blast's native yield allows us to align incentives between creators and collectors in a deeper, more meaningful way.
Blaze is uniquely positioned to make this vision come to life.
๐ฅ Pre-registration week1 Open ๐ฅ
The link for the pre-registration is now open. ๐https://t.co/meIkE0Mxyx
Register early to maximize your rewards! You can get up to 30% extra rewards for providing liquidity!
For more information ๐
https://t.co/VEqDpC1ftk
๐ Roadmap Update Announcement๐
Hello Chromers !
We are announcing that the roadmap for Chromatic Protocol has been updated.
We want to inform our community that the mainnet launch on Arbiturm, initially scheduled for February 1st, has been rescheduled to February 21st.
Our commitment at Chromatic Protocol is to provide a more secure trading environment for our users. To achieve this, we have decided to launch the mainnet and our reward programs only after completing a thorough audit. We are currently undergoing this audit process with Halborn.
We understand this shift in schedule might come as a surprise, but we assure you that these steps are taken with the best interest of our community in mind. Your continued interest and support mean a lot to us during this time.
For more details and the updated roadmap, please visit our Docs and Medium pages:
* Medium: https://t.co/7188mjfVmD
* Docs: https://t.co/cGjyb45px0
Thank you for your understanding and ongoing support.
๐ขAmbassador Program Announcement๐ท
Weโre launching our Ambassador Program and we need passionate individuals like you! There are three ways to get involved:
1.๐Influential Ambassador: Ideal for those with a solid social media presence. Use your channels to spread the word about Chromatic Protocol!
2.๐Communication Ambassador: Got a knack for languages? Help us translate and communicate our core messages in your native tongue!
3.๐Local Ambassador: Dive into local crypto communities and represent Chromatic Protocol. Let's grow together!
๐ Earn rewards in CHRMA tokens for your contributions!
๐ Sign up here: [https://t.co/e2UBQhRRNk](https://t.co/sNSv7kjvuu)
โณ Cohort #1 Application open until
- A. Influential Ambassador : Until the milestone of 1 million of 2nd reach is achieved.
- B. Communication Ambassador, C. Local Ambassador : Until 2-3 Ambassadors for each language are recruited.
โFor more detailed information ๐ https://t.co/avtAQqERT3
๐ฅX Thread Bounty Program Round 2 ๐ฅ
Thread Bounty round 2 just started!
Create thread and drop the link on our official Discord channel.
1๏ธโฃRound 2: 25th Dec - 31th Dec
๐2 winners will be awarded in round 2
๐ Program Duration: 18th Dec - 7th Jan
โญ๏ธ Total prize pool of 600 USDT & 18 Boosters Write your best thread๐งตโญ๏ธ๐ฐ
Learn more ๐ https://t.co/jai1npYnt5
Liquidity Boost Round#0 Coming Soon.
Chromatic Protocol is excited to introduce the Liquidity Boost Program!
Register for extra rewards of up to 30%.
Week 1 registration ๐ https://t.co/meIkE0Mxyx (This link will be available from 24th Jan, 00:00 UTC)
The Liquidity Boost program is open to all who provide liquidity, but those who register during the pre-registration period will receive additional rewards of up to 30%.
The pre-registration for Liquidity Boost Round#0 will run in three one-week batches starting from January 24th, spanning a total of three weeks.
Learn more about the Liquidity Boost Round#0 and the pre-registration. ๐ https://t.co/VEqDpC1ftk
๐ฅX Thread Bounty Program Round 1๐ฅ
Thread Bounty round 1 just started!
Create thread and drop the link on our official Discord channel.
1๏ธโฃRound 1: 18th Dec - 24th Dec
๐2 winners will be awarded in round 1
๐ Duration: 18th Dec - 7th Jan
โญ๏ธ Total prize pool of 600 USDT & 18 Boosters Write your best thread๐งตโญ๏ธ๐ฐ
Learn more ๐ https://t.co/jai1npYnt5
๐งตAre 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 thereโs an airdrop so follow to stay tuned!!
โค๏ธ+ Rt
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.
[1/]
$arb & $arkm airdropped free monies worth $2k - $50k to a lot of people
what do these drops have in common?
they all rewarded active community members!
there's an incoming drop with the same incentive - are you gonna miss $chrma ?
maybe start by following @chromatic_perp
๐ฃ KOKYO NFT: Origami Campaign is LIVE! ๐ฃ
Mint a free NFT and complete weekly quests to unfold a path to unique local experiences curated by Japan Airlines โ๏ธ ๐ธ
๐ Start your origami adventure: https://t.co/97vKRwg60T
Pre-mint opening in the next 24 hours.
โ๏ธ Meme database growing
โ๏ธ Community growing
โ๏ธ $CHECKS being prepared
Is #Avalanche ready for sustainable Jobs?
With @KiloEx_perp trading volume consistently reaching new highs, KiloEx has become the No.1 Perpetual DEX on opBNB! To better serve our users, we are excited to officially introduce two new roles: Verified Trader and Big Whale. Simply log in to Galxe using your preferred wallet, verify your Trading Points, and you'll receive OAT and Airdrop Points. Additionally, participate in our Discord community for exciting lottery events. We are committed to always listening to our users, and ensuring your trading experience remains our top priority. Don't miss out!
https://t.co/qo8KOf5YeI
๐จNew Event Alert: Journey to Aark Digital ๐
Join us at @Galxe event and earn NFTs!
Participants will be challenged to complete on-chain tasks.
Use innovative features of Aark Digital to unlock limitless opportunities!
Get started here:
https://t.co/JYFwzJwpj9
Users, developers, and validators can engage with the testnet through Galxe's Quest platform. The Galxe Quest platform will feature activities involving the core chain, its enshrined applications, and projects building in the ecosystem.
https://t.co/uZtGRKa6TJ