- @SushiSwap will launch a derivatives trading platform, and instead of building from scratch they bought @VortexProtocol, a not-yet-launched decentralized derivatives exchange built on @SeiNetwork
- Launch Q2 2023
(1/)
- Vortex will come under the SushiSwap umbrella and will get a new name
- @SushiSwap will be one of the first Ethereum apps to move to #CosmosEcosystem
- @dYdX aims to launch in Q2 of 2023 too
"Cosmos SDK.. extremely modular & extremely easy to get a chain off the ground"
(2/)
Recall that @VortexProtocol was Retrograde on Terra, and after the crash rebranded as Vortex.
Vortex has been running incentivized test-net on @SeiNetwork:
- $OSMO stakers: change from 40 to 70 $ION airdrop total
- Snapshot moved to Jan 1st, 2023 (rewarding bear holders)
- Min stake reduced to 400 $OSMO (from 2,129.4) / whale cap to 3k $OSMO
9M 🥩 rewards distributed over 12 months
750K LP rewards distributed over 30 days
Community pool: 635.6M
50M 🥩 to 16 genesis vals - returning to community pool in 30 days
How is the $MARS / $OSMO LP doing? 👇
(1/)
In just 1+ day $MARS / $OSMO LP:
- 2.3M in TVL
- 2.6M in Trading Volume
- ~275% APR
Rewards: 750K $MARS & 310K $OSMO
" $MARS tokens are designed to secure & facilitate the operation of decentralized credit account protocol -not as speculative assets for passive investors"
(2/)
Note voting is in progress and numbers keep changing!
(2/)
Subjective thinking out loud comments on the low turnouts:
1. Delegators are happy with how the Validators vote on their behalf. You can override your Validator vote, but if you agree with how they voted, there is nothing to do.