Spin is set to bring its institutional-grade derivatives infrastructure to the @0xPolygon#zkEVM network, becoming its leading trading and investment solution π
1/ Find more details below π§΅π
2/ Our strategic move to Polygon zkEVM allows Spin to harness:
β the scalability;
β low fees;
β Ethereum compatibility
β and security
offered by Polygonβs ZK scaling solution.
3/ Since its inception, Spin has established itself as a leading order book DEX on the NEAR Protocol.
In our first year, Spin launched three on-chain products for retail users:
4/ Polygon zkEVM, an open-source ZK-Rollup solution, has emerged as a revolutionary Layer 2 scaling solution for Ethereum.
It offers complete EVM opcode compatibility, ensuring a seamless user experience for developers and users alike.
5/ Leveraging the power of SK proofs, Spinβs derivatives infrastructure on Polygon zkEVM will enable users to trade a diverse range of derivative products with enhanced speed, lower fees, and the ultimate security of the Ethereum network π
Are you excited?
6/ For more information about Spin's expansion to Polygon zkEVM, pls check out our Medium article!
Spin: One Year in Review π
Goodbye, 2022 and Hello, 2023.
1/ Today, we invite you to have a stunning journey back to the very beginning of 2022, and remember the most important milestones achieved πͺ
LFG!
2/ No doubt that this year has been challenging for most crypto projects. 2022 has tested our strengths, set challenging tasks and encouraged us to show creativity and perseverance.
But for us, this year was also full of achievements, successful releases, and fruitful events π₯
3/ No matter how challenging the conditions were, we succeeded to release Spot, Instant Swaps, and Perpetuals trading to the NEAR Protocol mainnet, multiplied our product and marketing metrics by over 10 times, and became one of the strongest brands on #NEAR π
Yesterday @MessariCrypto published their well-known Crypto Theses 2023 report that is a a treasure trove of information for Web3 builders π
1/ We carefully read it, and found a lot of insights confirming that our development vector for 2023 is correct. Eager to learn more? π§΅π
2/ The current market sentiment impacted the DeFi sector heavily: DeFiβs market share of global financial services is a measly 0.2%. Though, according to @twobitidiot, perhaps we are finally nearing the bottom of DeFiβs trough of disillusionment.
3/ Positive regulatory developments, improvements in contract security and development best practices, and lower transaction fees thanks to scaling breakthroughs could make DeFi one of the best risk reward sectors of crypto for years to come.
2β£ Make at least 1 trade per day to boost your final score by up to 30%
3β£ Have a #FreakyElves NFT when the event ends to get an extra 20% to your score
3/ During the event (June 1, 15:00 UTC to June 10, 15:00 UTC) the leaderboard and final score will be regularly updated based on volumes, trader activity, and #FreakyElves NFT ownership πΏ
On June 10, weβll take a snapshot of the trading leaderboard sorted by the final scoreπͺ
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? π
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 π¦Ύ
Thus, we have set up limits for deposits and order sizes: