2/ Our first ready-to-exchange pair is #NEAR/USDC. You can enjoy selling, buying, or trading $NEAR/USDC at this time. We will gradually add more pairs soon.
What assets are in your waiting list? 🌀
3/ We have conducted an internal #audit and are currently speaking to external auditing companies. Our number 1 priority is to ensure that traders are not exposed to any risks as best as possible 🦾
Thus, we have set up limits for deposits and order sizes:
4/ We plan on utilizing some incentivization mechanics like #retrodrops for the #mainnet version. We won’t give you all the details just yet.
So in the meantime, enjoy trading on #SPIN and someday, you’ll find a nice $SPIN reward waiting for you in your wallet ;)
5/ As for some of our testing results, we’re happy to say that we’ve attracted over 26,000 unique orders! In the first week of testnet, trading volumes were over $160,000. Thanks to our Spinions for their continuous support 💙
6/ Next on our list is completing the perps contract, which is the next milestone on our roadmap, but with the #mainnet release of the spot order book #DEX, the perpetual development will be a walk in the park🚀
Check out the details of our Mainnet Launch: bit.ly/3KdtrZA
• • •
Missing some Tweet in this thread? You can try to
force a refresh
1/ This time, Spin’s decentralized derivatives trading #research is more global and covers not only the progress of on-chain protocols but also provides some analytics on the current crypto derivatives market metrics and news ✨
2/ In the last several months the crypto world is experiencing a negative trend that has an impact on all market participants including DEXs. Even in comparison to the DPI index (top Ethereum dApps), most on-chain derivatives platforms feel worse now than a few months ago.
3/ It’s worth mentioning that options vault protocols, such as @ribbonfinance, @dopex_io, and @StakeDAOHQ show the best metrics of resistance to the global negative trend, which are competitive to those of $BTC and $ETH.
Everyone who applies before March 9, 15:00 UTC will be able to join minting on Spin's official website ✨
3/ How to mint? ⛏️
There will be 2 options:
✴️Free mint – for users who won in our competitions. You will only need to pay the gas and storage fee.
✴️Paid mint for other users who joined the WL. Minting one Elf will cost 0.7 NEAR and will run on a first-come-first-served basis.