THELOGICALINDIAN - PRESS RELEASE CoinFLEX a crypto futures barter is the aboriginal centralized barter to barrage a amalgam Automated Market Maker alleged AMM CoinFLEX will be hosting an AMM Arena antagonism area users will be adored based on their baronial and account trading volume
The accomplished two years accept been an astronomic aeon of advance for AMMs. While the AMMs are a crypto-native addition built-in out of decentralized finance, CoinFLEX is the aboriginal centralized barter (CEX) to barrage an AMM for the futures market.
The AMM, alleged AMM , trades anon in CoinFLEX’s abiding futures bazaar and offers users different appearance that badly access users’ basic efficiency. Specifically, users can trade with up to 10x leverage and accept the advantage of allotment from multiple accessory types.
Because the futures markets are orders of consequence beyond than the atom markets, users account from college trading aggregate than DEX volumes. For reference, the absolute amount bound (TVL) in Uniswap is almost $6.5B but trades about $1B in circadian volumes. Comparatively, the CoinFLEX AMM has almost $100M TVL and has traded amid $200M to $1B in circadian volumes.
With the advantage of assorted accessory types, if users accept assets earning little to no crop elsewhere, they can put the funds to assignment in the AMM as collateral. For example, you can use BTC to barter an ETH/USDC pair.
To advance the barrage of the AMM , CoinFLEX is ablution a trading antagonism alleged ‘AMM Arena’ to access AMM acceptance and liquidity.
How Does CoinFLEX’s AMM Arena Work?
There are three amount elements of the AMM Arena competition:
Trading antagonism award-winning pool
The primary focus of the AMM Arena is the trading competition. Users will be able to advertence a leaderboard, which shows area you abode amidst your aeon and the achievement of the top 10 AMM Arena users.
Users attempt to acquire the accomplished 7-day boilerplate APR in the AMM . The prizes will be adored account based on the antecedent week’s absolute trading volume. The prizes will be disconnected amidst the 10 accomplished earners accordingly:
1st – 30% 2nd – 20% 3rd – 12% 4th – 10% 5th – 8% 6th – 6%
7th – 5% 8th – 4% 9th – 3% 10th – 2%
The action to access the antagonism is acutely accessible and alone requires a CoinFLEX account. Users can sign up in account with email or MetaMask. All you charge to do is actualize an AMM position with a minimum of $1,000 USD.
The admeasurement of the antagonism award-winning basin is based on the accumulated trading aggregate of anniversary anniversary beyond all AMMs. The award-winning basin is disconnected into three tiers.
Tier 1 – $100M absolute AMM trading aggregate to alleviate $3,000 USD award-winning pool.
Tier 2 – $500M absolute AMM trading aggregate to alleviate $5,000 USD award-winning pool.
Tier 3 – $1B absolute AMM trading aggregate to alleviate $10,000 award-winning pool.
The award-winning basin is broadcast amidst the top 10 baronial players.
Weekly missions and banknote prizes
The account AMM account missions are claimed objectives angry to your trading aggregate targets. You are automatically enrolled into the account mission as anon as you set up an acceptable AMM position. Your advance is disconnected into three tiers; back you ability the trading aggregate thresholds for anniversary tier, you are able to affirmation your rewards.
Limited Edition NFTs
The third affection of the AMM Arena are the bound copy NFTs. The aboriginal 100 acceptable AMM Arena participants are acceptable to affirmation an Arena NFT. The account best is advantaged to affirmation absolute NFTs that represent their called Arena appearance legend. Each Arena fable will alone accept bristles different editions.
Eligible users will charge to accommodate their email and Ethereum addresses to affirmation their NFTs. CoinFLEX will again alteration the NFT to the absolute Ethereum address, which the holder can appearance on OpenSea.
For added advice or to access the AMM Arena, click here.
About CoinFLEX
Founded in 2024, CoinFLEX is the Home of Crypto Yield and is committed to accouterment institutional and retail investors an calmly attainable belvedere to acquire and barter crypto.
CoinFLEX creates avant-garde solutions to accompany investors and crypto markets calm through automatic crop articles such as flexUSD, the world’s aboriginal interest-earning stablecoin, and AMM , the best capital-efficient automatic bazaar maker in the world. CoinFLEX is backed by crypto heavyweights, including Roger Ver, Mike Komaransky, Polychain Capital, and Dragonfly Capital.
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