Okay anon, it's announcement time!
Today we are unveiling @rage_trade , the first liquid, composable, and omnichain ETH Perp Swap.
ππ So why build another perp? ππ
Today we are unveiling @rage_trade , the first liquid, composable, and omnichain ETH Perp Swap.
ππ So why build another perp? ππ
Well there are 3 key problems in decentralized perps today:
- CLOB perps have bad incentives
- Fake volume driven by fake liquidity
- Bad payoffs for LPs
- CLOB perps have bad incentives
- Fake volume driven by fake liquidity
- Bad payoffs for LPs
How do we solve the issues with CLOB perps?
CLOB perps use token incentives to bring MMs leading to down only tokens (see thread).
Rage is built ontop of @Uniswap v3. This allows passive LPs to provide concentrated liquidity just like on the spot market
CLOB perps use token incentives to bring MMs leading to down only tokens (see thread).
Rage is built ontop of @Uniswap v3. This allows passive LPs to provide concentrated liquidity just like on the spot market
https://twitter.com/crypto_noodles/status/1521508785164066817
How do we solve the fake liquidity problem?
We invented recycled liquidity to enable real LPs to LP into our perps.
Say, for example you LP in:
- @CurveFinance
- @GMX_IO
- @SushiSwap / @Uniswap v2
Then you can use your LP shares to LP in @rage_trade
We invented recycled liquidity to enable real LPs to LP into our perps.
Say, for example you LP in:
- @CurveFinance
- @GMX_IO
- @SushiSwap / @Uniswap v2
Then you can use your LP shares to LP in @rage_trade
https://twitter.com/crypto_noodles/status/1514940078514221056
What about bad LP payoffs?
The worst part of UNI v3 perps - LP payoffs
We designed 80-20 vaults to replicate a UNI v2 payoff while providing concentrated liquidity on UNI v3.
All the while we are composable with @CurveFinance @GMX @SushiSwap @Uniswap
The worst part of UNI v3 perps - LP payoffs
We designed 80-20 vaults to replicate a UNI v2 payoff while providing concentrated liquidity on UNI v3.
All the while we are composable with @CurveFinance @GMX @SushiSwap @Uniswap
https://twitter.com/crypto_noodles/status/1516062589217918980
Who is backing us?
(1/3)
Our favorite VCs/hedge funds: @cmsholdings , @KyleLDavies , @zhusu , @robotventures , @mgnr_io , @ZeePrimeCap , @PENTAGONXYZ , @ResearchKronos
(1/3)
Our favorite VCs/hedge funds: @cmsholdings , @KyleLDavies , @zhusu , @robotventures , @mgnr_io , @ZeePrimeCap , @PENTAGONXYZ , @ResearchKronos
(2/3)
Our favorite anons: @0xtuba , @mewn21 , @statelayer , @DeFifrog1 , @dcfgod , @0xSisyphus , @sayinshallah , @CapitalGrug , @ConvexMonster , @WartuII, @Fiskantes
Our favorite anons: @0xtuba , @mewn21 , @statelayer , @DeFifrog1 , @dcfgod , @0xSisyphus , @sayinshallah , @CapitalGrug , @ConvexMonster , @WartuII, @Fiskantes
(3/3)
Our favorite angels: @Darrenlautf , @Daryllautk , @zacharylau , @Dogetoshi , @0xedenau , @Evan_ss6 , @santiagoroel , @n2ckchong , @adampatel23 , @will__price , @JAI_BHAVNANI , @APompliano , @0xttk
Our favorite angels: @Darrenlautf , @Daryllautk , @zacharylau , @Dogetoshi , @0xedenau , @Evan_ss6 , @santiagoroel , @n2ckchong , @adampatel23 , @will__price , @JAI_BHAVNANI , @APompliano , @0xttk
*Correct Discord Link: discord.gg/88xj8vPwGe
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