$ALPHA team would like to now share more details on #AlphaX, the decentralized, non-orderbook perpetual swap trading market and a new class of trading product previously unavailable on-chain.! 🔥
Let’s take a look inside #AlphaX!👇
blog.alphafinance.io/inside-alphax/
Let’s take a look inside #AlphaX!👇
blog.alphafinance.io/inside-alphax/
2) First and foremost, for those who have not signed up for access to beta private testnet, you can still sign up via the link below until Dec 17th, 5AM UTC.
We'll grant access in the coming days. Stay tuned!
👉Sign up: forms.gle/USgX6yMEQtm8VB…
Continue for UI sneak peek 👇
We'll grant access in the coming days. Stay tuned!
👉Sign up: forms.gle/USgX6yMEQtm8VB…
Continue for UI sneak peek 👇
3) This screenshot is how #AlphaX private beta version looks like! $ALPHA team has built #AlphaX UI to be as user friendly as possible.
We believe a great #DeFi product doesn't only need to be innovative, but also need to be user friendly to existing and new #DeFi users.
We believe a great #DeFi product doesn't only need to be innovative, but also need to be user friendly to existing and new #DeFi users.
4) Who do we target as #AlphaX users?
👉 Anyone who wants to take a directional view on any asset (no need to be professional perp swap traders)
With these target users in mind, we have come up with a unique engineering and product design to better capture this large market!
👉 Anyone who wants to take a directional view on any asset (no need to be professional perp swap traders)
With these target users in mind, we have come up with a unique engineering and product design to better capture this large market!
5) #AlphaX Unique Feature #1: Funding rate baked into the entry/exit price (no explicit funding events)
Typically, traders need to understand funding rate concept to trade perp swap.
With #AlphaX, traders don't need to know anything beyond what prices they enter and exit at.
Typically, traders need to understand funding rate concept to trade perp swap.
With #AlphaX, traders don't need to know anything beyond what prices they enter and exit at.
6) #AlphaX Unique Feature #2: Tokenized leveraged long/short positions
Long/short tokens comply with ERC-1155 standard, which #AlphaX'll wrap them to ERC-20 tokens.
Tokenized positions'll open doors to more innovation & unlock interoperability between #AlphaX & #DeFi projects.
Long/short tokens comply with ERC-1155 standard, which #AlphaX'll wrap them to ERC-20 tokens.
Tokenized positions'll open doors to more innovation & unlock interoperability between #AlphaX & #DeFi projects.
7) #AlphaX Unique Feature #3: Lower slippage through dynamic K
#AlphaX uses constant product, x*y=k model with K being dynamically adjusted.
It is important to have K be dynamically adjusted to balance between two trade-offs of slippage vs. capital requirement to move prices.
#AlphaX uses constant product, x*y=k model with K being dynamically adjusted.
It is important to have K be dynamically adjusted to balance between two trade-offs of slippage vs. capital requirement to move prices.
8) What’s Next?
Sign up for beta private testnet will remain open until Dec 17th, 5AM UTC. $ALPHA team'll work closely with beta private testers throughout testing process.
Going forward, we'll explain the underlying mechanics that power the unique functionalities of #AlphaX!
Sign up for beta private testnet will remain open until Dec 17th, 5AM UTC. $ALPHA team'll work closely with beta private testers throughout testing process.
Going forward, we'll explain the underlying mechanics that power the unique functionalities of #AlphaX!
9) All in all, #AlphaX will not only bring #DeFi space a new class of trading product previously unavailable on-chain, but also allow #AlphaHomora users to hedge their leveraged positions to minimize downside risks.
10) For a lot more details, please read through the blog post below.
blog.alphafinance.io/inside-alphax/
blog.alphafinance.io/inside-alphax/
• • •
Missing some Tweet in this thread? You can try to
force a refresh
