Seb | Suiswap

Good vibes since 1990
#plasmaverse addict @plasmaversexyz
#PlasmaverseGuardian

[Wilder World @WilderWorld]

Welcome to the Metaverse.

[Wilder World @WilderWorld]

We’ve stacked the dominoes— @SamsungDE, @NVIDIAGeForce, @0xPolygon, @celestia, @SuperVerse, and other legends fueling the Metaverse.

Now comes the show!

Buckle up, Wilders—the curtain will be lifted soon

[Wilder World @WilderWorld]

Dawn of a new reality.

Wiami is calling—12.21

[Wilder World @WilderWorld]

metaverse super-cycle incoming (real)

[Wilder World @WilderWorld]

Wilder Crafts take flight over New Jersey 🛸

Residents of NJ have been reporting glowing objects in the sky, initially thought to be drones.

Inside sources have confirmed it is a fleet of Wilder Crafts, showcasing innovation at the forefront of metaverse technology.

[Wilder World @WilderWorld]

GM

Wilder SZN is upon us

[Wilder World @WilderWorld]

12.21

LOADING
🟧 🟧 🟧 🟧 🟧 🟧 🟧 🟧 ⬛ ⬛

[De.Fi @DeFi]

$DEFI Airdrop Season 1 is coming!

Season 1 of the $DEFI Airdrop is officially underway, rewarding those who Stake $DEFI Token, as well as the most active users!

Season 1 is just the start! Get ready to be rewarded for your contribution.

Here's what you need to know 👇

[Seb | Suiswap @Seb20021990]

yo

[Seb | Suiswap @Seb20021990]

I'm hungry

[Seb | Suiswap @Seb20021990]

Thank you Emmy for showering me with 2,500 Diamonds and getting me to shamelessly tweet this out. If you're a Solana OG head to https://t.co/vBUipaXFnR to claim the Diamonds you've earned

[Taiko.eth 🥁 @taikoxyz]

We've launched our latest campaign on Galxe ✨

Get started with Katla: Dive into Taiko’s A6 Testnet with Bitget Wallet 🛠️

• Learn about Taiko's new A6 testnet
• Take a quiz
• Experience Bitget Wallet on A6

Collect points & enjoy the journey! 🤓

More details ⬇️

[Berachain Foundation 🐻⛓ @berachain]

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

[Chromatic | MAINNET LIVE @chromatic_perp]

🔊New Medium article out!
Why and How did we create the Chromatic protocol?
: https://t.co/NeSInCac2e

Following GMX’s success, there has been a proliferation of futures DEXs. However, the majority of them have merely added supplementary features to services that we’ve already seen before. As a result, public expectations for futures DEXs have been dwindling. The fact that DEXs still occupy a minor share in the crypto futures market underscores the inability of GMX and its replicated services to bring forth genuine innovation in the decentralized futures market.

The traditional futures markets have evolved over more than two centuries. Chromatic seeks to combine the wealth of experience accumulated in traditional financial markets with the decentralized principles enabled by blockchain technology to create real innovation in modern financial markets.

This article is about why and how the Chromatic protocol was created.
Read 👉 https://t.co/NeSInCac2e

[Chromatic | MAINNET LIVE @chromatic_perp]

Long-awaited, isn't it? How about we start celebrating Chromvember?

🚨Chromatic Protocol's Official Discord Server Now Open. 🚨

👉Join us! https://t.co/nATfmQB3t7
Let's have some great conversations here! 👥

Embark on a journey with us, unlocking the new era for decentralized futures right here.

[Chromatic | MAINNET LIVE @chromatic_perp]

🚨 Chromatic Protocol Testnet Now Live 🚨

Experience the future of decentralized futures trading: https://t.co/6ZMwVq1ozA

Chromatic is pioneering true futures trading in the web3 financial landscape, aiming to redefine and play a cornerstone role in the space. 🌐✨

👂This is a testnet! It's a crucial arena for testing smart contracts and gathering user input. Feel free to provide feedback on the Discord channel!

Discord 👾: https://t.co/hxJO0nwaZ1

#ChromaticProtocol #TestnetLaunch #DecentralizedFutures #DeFi

[Chromatic | MAINNET LIVE @chromatic_perp]

🥊X Thread Bounty Program 🥊✍️

Announcing Chromatic Protocol's first Thread Bounty Program!

📆 Duration: 18th Dec - 7th Jan
🏆 Total prize pool of 600 USDT & 18 Boosters

Write your best thread🧵about Chromatic Protocol and win the prize⭐️💰

More details 👉 https://t.co/jai1npYnt5

[Chromatic | MAINNET LIVE @chromatic_perp]

⭐️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.

[DMH 🦇🔊🌊 @DeFi_Made_Here]

Perp DEXes with a liquidity pool model and a flat fee are unlikely to have a bright future. The competition is too big and they need to innovate to stay competitive.

Liquidity is mispriced most of the time. Eg a 0.1% fee for a small trade on GMX v1/Gains is expensive compared to CEXes/new competitors while the same 0.1% fee for a whale order is very cheap.

To protect LPs the protocols have to limit OI which creates a lot of idle liquidity in the pool, charge higher borrowing fees to compensate LPs and make it harder for traders to win against. LP, etc etc.

If the protocols ease on the safety measures there are more chances (there is also a chance) for them to go bust same as what happened to @GainsNetwork_io during the Luna crash (they improved the safety after that).

Here is a comparison of the trading costs between different perp DEXes from @d8x_exchange (data is more than 1y old).

As you can see, LOB perp DEX had the lowest cost of trading and is the safest for LPers (Market Makers decide themselves on a risk they want to take).

New designs from @GMX_IO v2 and @synthetix v3 perps are solving some of the problems by creating a fee spread based on the long/short OI.

Traders who are balancing the ratio are getting positive slippage and/or pay less fees, while traders who are unbalancing long/short ratio have to pay higher fees and/or face the slippage.

I think this model is much more fair for both traders and especially LPers.

However, dynamic fees/market making from the active LPers are proved to be more efficient than static pools in the example of Uni v3.

A similar solution is created by @chromatic_perp (15 followers but super cool medium/gitbook, I recommend reading it). LPers can distribute liquidity among bins with different trading fees, synthetically replicating the spread on LOB exchanges).

It will help to concentrate cheap liquidity without the significant risks for LPers and fairly price larger orders.

This might lead to most of the order flow going through this type of exchange, while "toxic trades" (trades that might lead to heavy disbalances or risks for LPers) will go through the DEXes with a flat fee.

Another question is capital efficiency.

Existing perp DEXes are unable to provide high capital efficiency due to the specifics of their design

Source: @d8x_exchange medium

@symm_io significantly improves capital efficiency by replicating LOB design with its peer-to-peer RFQ Design (Automated Markets for Quotations AMFQ).

At the same time, Symm is bypassing on-chain order books throughput limitations.

Conclusion

Perp DEXes space has the biggest potential in DeFi and therefore it has the highest competition. High competition is very good for the end users but protocols will face a race to the lowest possible fees and will have to innovate to stay in the game.

GMX v2, Synthetix perps v3, etc is a step in the right direction but it would be still hard to compete with new perp DEX designs in terms of capital efficiency and dynamic fees that are not based on the internal OI.

And again, I love this space for unstoppable innovations and its builders. Thank you all!