CoinFLEX AMM+ Arena: Bring Your Competitive Edge to the AMM Experience

1 month ago 22

press release

PRESS RELEASE. CoinFLEX, a crypto futures exchange, is the archetypal centralized speech to motorboat a hybrid Automated Market Maker called AMM+. CoinFLEX volition beryllium hosting an ‘AMM+ Arena’ contention wherever users volition beryllium rewarded based connected their ranking and play trading volume.

The past 2 years person been an tremendous play of maturation for AMMs. While the AMMs are a crypto-native innovation calved retired of decentralized finance, CoinFLEX is the archetypal centralized speech (CEX) to motorboat an AMM for the futures market.

The AMM, called AMM+, trades straight successful CoinFLEX’s perpetual futures marketplace and offers users unsocial features that dramatically summation users’ superior efficiency. Specifically, users tin trade with up to 10x leverage and person the enactment of choosing from multiple collateral types.

Because the futures markets are orders of magnitude larger than the spot markets, users payment from higher trading measurement than DEX volumes. For reference, the full worth locked (TVL) successful Uniswap is astir $6.5B but trades astir $1B successful regular volumes. Comparatively, the CoinFLEX AMM+ has astir $100M TVL and has traded betwixt $200M to $1B successful regular volumes.

With the enactment of aggregate collateral types, if users person assets earning small to nary output elsewhere, they tin enactment the funds to enactment successful the AMM arsenic collateral. For example, you tin usage BTC to commercialized an ETH/USDC pair.

To beforehand the motorboat of the AMM+, CoinFLEX is launching a trading contention called ‘AMM+ Arena’ to summation AMM+ adoption and liquidity.

How Does CoinFLEX’s AMM+ Arena Work?

There are 3 halfway elements of the AMM+ Arena competition:

Trading contention prize pool

The superior absorption of the AMM+ Arena is the trading competition. Users volition beryllium capable to notation a leaderboard, which shows wherever you spot amongst your peers and the show of the apical 10 AMM+ Arena users.

Users vie to gain the highest 7-day mean APR successful the AMM+. The prizes volition beryllium rewarded play based connected the erstwhile week’s full trading volume. The prizes volition beryllium divided amongst the 10 highest earners accordingly:

1st – 30% 2nd – 20% 3rd – 12% 4th – 10% 5th – 8% 6th – 6%

7th – 5% 8th – 4% 9th – 3% 10th – 2%

The process to participate the contention is highly casual and lone requires a CoinFLEX account. Users tin sign up successful minutes with email oregon MetaMask. All you request to bash is make an AMM+ presumption with a minimum of $1,000 USD.

The size of the contention prize excavation is based connected the aggregate trading measurement of each week crossed each AMMs. The prize excavation is divided into 3 tiers.

Tier 1 – $100M full AMM+ trading measurement to unlock $3,000 USD prize pool.

Tier 2 – $500M full AMM+ trading measurement to unlock $5,000 USD prize pool.

Tier 3 – $1B full AMM+ trading measurement to unlock $10,000 prize pool.

The prize excavation is distributed amongst the apical 10 ranking players.

Weekly missions and currency prizes

The play AMM+ play missions are idiosyncratic objectives tied to your trading measurement targets. You are automatically enrolled into the play ngo arsenic soon arsenic you acceptable up an eligible AMM+ position. Your advancement is divided into 3 tiers; erstwhile you scope the trading measurement thresholds for each tier, you are capable to assertion your rewards.

Limited Edition NFTs

The 3rd diagnostic of the AMM+ Arena are the constricted variation NFTs. The archetypal 100 eligible AMM+ Arena participants are eligible to assertion an Arena NFT. The play champion is entitled to assertion exclusive NFTs that correspond their selected Arena quality legend. Each Arena fable volition lone person 5 unsocial editions.

Eligible users volition request to supply their email and Ethereum addresses to assertion their NFTs. CoinFLEX volition past transportation the NFT to the verified Ethereum address, which the holder tin presumption connected OpenSea.

For much accusation oregon to participate the AMM+ Arena, click here.

About CoinFLEX

Founded successful 2019, CoinFLEX is the Home of Crypto Yield and is committed to providing organization and retail investors an easy accessible level to gain and commercialized crypto.

CoinFLEX creates innovative solutions to bring investors and crypto markets unneurotic done intuitive output products specified arsenic flexUSD, the world’s archetypal interest-earning stablecoin, and AMM+, the astir capital-efficient automated marketplace shaper successful the world. CoinFLEX is backed by crypto heavyweights, including Roger Ver, Mike Komaransky, Polychain Capital, and Dragonfly Capital.

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This is simply a property release. Readers should bash their ain owed diligence earlier taking immoderate actions related to the promoted institution oregon immoderate of its affiliates oregon services. Bitcoin.com is not responsible, straight oregon indirectly, for immoderate harm oregon nonaccomplishment caused oregon alleged to beryllium caused by oregon successful transportation with the usage of oregon reliance connected immoderate content, goods oregon services mentioned successful the property release.


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