Spin | Perps & DOVs (🐲,πŸ’š) Profile picture
Jun 1 β€’ 6 tweets β€’ 2 min read Twitter logo Read on Twitter
ZM! The long wait is over!

Spin is set to bring its institutional-grade derivatives infrastructure to the @0xPolygon #zkEVM network, becoming its leading trading and investment solution πŸš€

1/ Find more details below πŸ§΅πŸ‘‡ Image
2/ Our strategic move to Polygon zkEVM allows Spin to harness:

βœ… the scalability;
βœ… low fees;
βœ… Ethereum compatibility
βœ… and security

offered by Polygon’s 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:

βœ… spot trading;
βœ… perpetual futures;
βœ… DeFi option vaults.
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, Spin’s 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 πŸš€

Are you excited?
6/ For more information about Spin's expansion to Polygon zkEVM, pls check out our Medium article!

medium.com/spin-finance/s…

β€’ β€’ β€’

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More from @spin_fi

Dec 29, 2022
Spin: One Year in Review πŸŽ„
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 πŸ’ͺ

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 πŸ”₯
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 πŸš€
Read 4 tweets
Dec 27, 2022
Yesterday @MessariCrypto published their well-known Crypto Theses 2023 report that is a a treasure trove of information for Web3 builders πŸ’Ž

1/ We carefully read it, and found a lot of insights confirming that our development vector for 2023 is correct. Eager to learn more? πŸ§΅πŸ‘‡ Image
2/ The current market sentiment impacted the DeFi sector heavily: DeFi’s market share of global financial services is a measly 0.2%. Though, according to @twobitidiot, perhaps we are finally nearing the bottom of DeFi’s 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.
Read 17 tweets
Dec 5, 2022
⚑️We announce the Spin Airdrop 2.0. Are you ready?

1/ Yeah, you read it right, Spin will host one more #airdrop for not-so-early users before we launch our token πŸͺ

This time we won't reveal many details about the event, but you may find some important clues in the πŸ§΅πŸ‘‡ Image
2/ First, we’d love to congratulate all the users who managed to get some SPIN in the Early Birds Airdrop πŸ’Ž

We are thrilled to welcome you into our fam, and will do our best to exceed your expectations in all fields, from product to marketing πŸ’™
3/ Secondly, we're happy to announce that the countdown for the Airdrop 2.0 starts today πŸš€

Its vesting will be stricter and longer β€” but the total allocation will equal 1.5% 🫰

Why do we need it? Let us disclose our tricky plan β€” we always want to be transparent with the fam!
Read 7 tweets
May 27, 2022
Let's celebrate summer with the long-awaited #trading #tournament from #SpinπŸ”₯

◽️370 $NEAR in prizes
◽️top πŸ’― users on the leaderboard
◽️10 days to compete in trading volumes
◽️special final score boosters

1/ Eager to learn the details?
Check the 🧡 below! Image
2/ How to win a reward from Spin? πŸš€

1⃣ Trade actively on #mainnet to generate max trading volume πŸ‘‰ trade.spin.fi

2⃣ Make at least 1 trade per day to boost your final score by up to 30%

3⃣ Have a #FreakyElves NFT when the event ends to get an extra 20% to your score Image
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 🌿

On June 10, we’ll take a snapshot of the trading leaderboard sorted by the final scoreπŸͺ‚ Image
Read 4 tweets
Apr 26, 2022
What to expect from our On-chain #SpotOrderBook #DEX going live on $NEAR #Mainnet 😍 Image
1/ An On-chain #Orderbook and matching form the backbone of the #derivatives infrastructure we're building πŸ”₯
2/ @NEARProtocol
users can start enjoying a CEX-Competitive πŸ₯³
Read 5 tweets
Apr 25, 2022
GO! πŸš€
We’ve just launched the first order book spot DEX on @NEARProtocol to #Mainnet!

1/ It took a lot of hard work and in just 2 weeks after our testnet release and our amazing community’s feedback, we did itπŸš€

Enjoy the mainnet ride: trade.spin.fi Image
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? πŸŒ€ Image
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: Image
Read 6 tweets

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