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@reya_xyz

[Reya @reya_xyz]

Ahead of the orderbook, we're updating Reya's fee model.

Headline taker fees are coming down: 3 bps, from 4, and as low as 2 bps by your 30-day volume. Maker fees on the orderbook will be zero, with rebates to follow.

The net impact of Maker Rebates to you: tighter spreads and lower overall trading cost. Rebates are funded by taker fees, so fees will exist on all markets.

It's also the model top market makers quote on, which means deeper, tighter markets for you. More on who's joining the book soon.

Starting on Friday 14 August, the new fee model will go live across all assets but BTC. BTC will be announced later.

[Reya @reya_xyz]

Reya's mainnet sequencer is now running on @conduitxyz, the market leader in rollup infrastructure.

Up to 3x more throughput. Executed in one planned window. Zero change to how you trade.

An orderbook demands more from the infrastructure beneath it than an AMM ever did. So we rebuilt the foundation before we ship it.

Read the article to understand how this fits into our longterm roadmap!

[Reya @reya_xyz]

Deposits are now free on Reya.

Your capital lands whole, ready to trade.

Deposit Now →

[Reya @reya_xyz]

Reya is hiring. Cracked engineers only.

A lot of exceptional builders are between gigs right now. We're not cutting, we're building: a low-latency orderbook exchange enabling HFT firms to run their strategies onchain.

Senior Rust: https://t.co/xprOhPaTox
Senior Fullstack: https://t.co/zJttnBXixx

[Reya @reya_xyz]

New language has just been added to the app! 🇨🇳

We have just released Chinese as an alternative language.

Which one should we roll out next?

[Reya @reya_xyz]

Reya Streaks Starting Tomorrow 🔥

14 days. The more days you trade, the bigger your RCP multiplier gets.

And you’ll also get a shot at the bonus prize.

Runs June 25 00:00 UTC → July 9 23:59 UTC.

[Reya @reya_xyz]

https://t.co/i22M28jTfU

[Reya @reya_xyz]

https://t.co/tlZnp1WrFQ

[Reya @reya_xyz]

https://t.co/y5Qce3UAD9

[Reya @reya_xyz]

https://t.co/odKrYJrH3V

[Reya @reya_xyz]

Reya Ambassador program applications are now open.

We’re looking for traders with real takes, creators in the onchain space, and people who are already in the conversation.

15 spots. Apply by April 1st.

[Teller @useteller]

Get paid to go delta-neutral.

Using Teller × Reya @reya_xyz, traders can borrow + short the asset, long with perps, and capture the funding spread.

[Reya @reya_xyz]

16,000,000 REYA up for grabs.

To celebrate the RLP launch, the RLP Trading Competition is now live.

3 weeks.

All markets qualify.

Compete for top absolute realized PnL.

[Reya @reya_xyz]

https://t.co/0J4XmHaMtb

[Reya @reya_xyz]

https://t.co/VpOdhW1CJ1

[vitalik.eth @VitalikButerin]

Defi is a central part of the value that Ethereum provides. Financial empowerment is a central part of what it means to have agency and freedom in our current world. Finance is far from the only thing that Ethereum is good for, but it is an important thing. This post discusses how the Ethereum Foundation is approaching defi.

Defi today makes the world's best savings, risk management and wealth-building opportunities permissionlessly available worldwide. We need to build on that.

Ethereum's early defi era was great because it dared to dream and innovate and come up with totally new paradigms (eg. AMMs). Defi tomorrow will bring back that spirit. Don't just "make a better stablecoin", dig a layer deeper, and think about the underlying problem (risk management, hedging one's future expenses), and come up with an even better solution.

But also, as the EF, we are not interested in supporting "onchain finance" or even "defi" indiscriminately. We have a specific vision of what we want to see out of defi: permissionless, open-source, private, security-first global finance that maximizes people's control over their own assets, minimizes centralized chokepoints and trusted third parties, and democratizes risk management and wealth building (the two key goals of finance according to modern portfolio theory) as well as payments. We want protocols that pass the walkaway test: that keep working even if the original team suddenly disappears without warning (or even: becomes hostile / compromised without warning).

Bringing this vision to reality will inevitably take a lot of work. Defi is a complex toolchain, including various onchain components, user-side offchain components (ie. wallet, local agent...), other offchain components, etc.

The things that we care about include areas like:

* Improving security of defi through "traditional" means, eg. audits, standards, wallet-side safeguards
* Improving security of defi through "new" means, eg. AI-assisted formal verification, user-side agents as safeguards
* Oracle security and decentralization (there's A LOT of skeletons in the closet here, we as an ecosystem really need to point a big eye of sauron at it for a while)
* Privacy. Both privacy-preserving payments, and privacy of more complex use cases (eg. what does it mean to have a maximally privacy-preserving CDP? there are clearly benefits in reducing liquidation-sniping risk, but it requires hard tech to get there)
* Open source, and improving the licensing / forkability situation in defi

Ethereum is a permissionless protocol, and nothing stops people from deploying insecure protocols, protocols that enshrine ultimately unneeded centralized trust in the name of convenience, or dopamine-maximizing gambleslop. However, we *are* interested in working with anyone aligned to make permissionless, open-source, intermediary-minimizing and security and user-agency-maximizing defi ecosystem as strong as possible, so that it can be not just individuals and institutions' first choice in Ethereum, but also a globally compelling way to manage funds for anyone who needs its properties.

[Reya @reya_xyz]

https://t.co/bP6muBQB9R

[Reya @reya_xyz]

BTC spot is live on Reya.

This launch lets you

Buy/Sell $BTC
Use BTC as margin for perps
Hold BTC in an isolated spot account for upside

Like the recent $ETH launch, this is available in your portfolio view. Full roll out to trade screen coming next.

Available via the dApp and Python SDK.

[Reya @reya_xyz]

RNIP-5 is live.

This proposal upgrades Reya’s liquidity pool ahead of the transition from AMM to a high-performance orderbook exchange.

Vote now ↓
https://t.co/5k6NQDj6D7

[Reya @reya_xyz]

Programmatic traders: spot ETH is live in the Reya Python SDK 🧵
Here’s the simplest way to use it.

These two example scripts show the full flow ↓