Since our soft launch of Demex, we’ve had an overwhelming response from the community!
Today, we’re pushing forward with 5 new incentivized pools and spot markets on Demex! We’re also updating the existing pool weights to account for the new pools.
|Market Pair||Pool Reward Weights||% of Total Rewards|
|ETH 50% / USDC 50%||2x||6.90%|
|WBTC 50% / USDC 50%||2x||6.90%|
|CEL 50% / USDC 50%||1x||3.45%|
|NEX (ERC-20) 50% / USDC 50%||1x||3.45%|
|nNEO (NEP-5) 50% / USDC 50%||1x||3.45%|
|SWTH 20% / ETH 80%||2x → 8x||33.33% → 27.59%|
|SWTH 20% / USDC 80%||3x → 12x||50.00% → 41.38%|
|WBTC 50% / ETH 50%||1x → 2x||16.67% → 6.90%|
Users can provide liquidity to these pools to earn from maker rebates and liquidity rewards. Trading on the ETH/USDC, WBTC/USDC, CEL/USDC, NEX (ERC-20)/USDC and nNEO (NEP-5)/USDC markets is now also available on Demex!
Fees for ETH/USDC and WBTC/USDC markets are set at 0.10% taker & -0.05% maker, while fees for all other markets are 0.25% taker & -0.05% maker. The fee for the ETH/WBTC market has also been updated to 0.10% taker & -0.05% maker to make the market more competitive. Swap fees (implicit spread) for ETH-50/USDC-50 and WBTC-50/USDC-50 pools are set at 0.01%, and 0.10% for all other markets. These settings can be updated by governance in future.
The new reward weights will take effect on 19 December 2020, 11am UTC.
Head over to https://app.dem.exchange today.
For more information on how to provide liquidity or commit LP tokens to earn more rewards, check out our user guides.
Demex is a fully decentralized platform that supports any cryptocurrency derivative product. It is built on the Switcheo TradeHub, a custom Layer-2 blockchain solution. Demex provides the speed, scalability, and safety you need, so you can trade the way you want. No registration or deposits needed.
Visit our guides for more information.
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