As the world of DeFi continues to evolve, the Carbon ecosystem is once again making waves with a series of new features, partnerships, and improvements aimed at enhancing user experience and expanding their offerings.
1. Carbon
This June, Carbon introduced two new governance proposals, aimed at creating a more inclusive and accessible trading environment while empowering users with increased flexibility in their trading strategies.
βοΈ [CIP-54] Reduce Default Min. Quantity and Maintenance Margin Ratio (MMR) for Existing and New Markets, is currently live for voting on Carbonscan!
— Carbon - SWTH π (@0xcarbon) June 16, 2023
πΉ Reduce Default Min Quantity from $10 to $1
πΉ Reduce Default MMR from 0.7 to 0.3
π³ Vote here: https://t.co/7Dx69lKhZY pic.twitter.com/B8zcVZvdz9
[CIP-54] seeks to reduce:
- Default minimum quantity (Min Qty) for existing and new markets to $1
- Maintenance Margin Ratio (MMR) for existing and new markets to 0.3
By lowering the Min Qty, Carbon enables smaller transactions, making it easier for users to engage in trading activities with lower amounts. This adjustment enhances accessibility, particularly for new traders who may not have significant capital to invest initially.
The lower MMR provides traders with greater flexibility in managing margin requirements, enabling them to adopt a wider range of trading strategies. By reducing barriers and empowering users with increased flexibility, Carbon aims to enhance the overall user experience and make trading more accessible to all.
βοΈ [CIP-55] V2.26.0 Software Upgrade is LIVE FOR VOTING!
— Carbon - SWTH π (@0xcarbon) June 30, 2023
πΉ Breaking API changes
πΉ New tiered trading fee structure
πΉ Support for TIF order executions (GTC, IOC and FOK)
πΉ Implementation of ERC-20 module
π³ VOTE HERE: https://t.co/c2DyyaEtMk
The second proposal, [CIP-55], introduces the V2.26.0 software upgrade for Carbon. This upgrade brings several notable improvements, including a new tiered trading fee structure. Users with a higher amount of staked SWTH can now enjoy reduced trading fees, providing an incentive for users to participate and contribute to the ecosystem.
Moreover, the V2.26.0 upgrade introduces support for Time-in-Force (TIF) order executions, including Good-Till-Cancelled (GTC), Immediate-Or-Cancel (IOC), and Fill-Or-Kill (FOK) orders. These order types offer traders greater flexibility in managing their trading strategies and executing trades with specific conditions.
Lastly, the implementation of the ERC-20 module enables seamless conversion between Carbon Core ICS-20 coins and Carbon EVM ERC-20 tokens. This integration enhances interoperability between the two systems, allowing users to leverage the advantages of both ecosystems.
2. Demex
2.1. New Tier-Based Trading Fee Structure
Demex is thrilled to introduce our brand new Tier-Based Trading Fees, where the more SWTH π you stake, the greater the discounts and savings you'll enjoy π«
— Demex (@demexchange) June 7, 2023
More details π½ pic.twitter.com/Bzj2b1A2t0
Demex has rolled out a new tier-based trading fee structure, rewarding users who stake SWTH with greater trading discounts on both spot and perpetual markets. With taker fees as low as 0.01% for spot markets and 0.02% for perpetuals, traders can enjoy reduced costs, providing an added benefit for active participants in the ecosystem.
Furthermore, makers can potentially earn rebates based on their tier in perpetual markets too, creating additional incentives for liquidity providers.
2.2. TradeNShare
One of the standout features introduced by Demex this month is TradeNShare.
This innovative tool enables users to share their open or closed perpetual positions with the rest of the Twitter community directly from the Demex platform.
Traders can showcase their Return on Equity (ROE), Profit and Loss (PnL), leverage, entry and exit prices, as well as entry and exit times. This level of transparency and social interaction fosters a vibrant community and facilitates the exchange of knowledge among traders.
2.3. Demex x Zilliqa: ZIL Lend and Borrow, ZIL-PERPS and more!
π Attention, @zilliqa community!
— Demex (@demexchange) June 20, 2023
Nitron now supports $ZIL lending and borrowing! βοΈ
πΈ Earn lending APR by lending out your ZIL
πΈ Use ZIL as collateral to borrow other assets and mint $USC
Don't miss out: https://t.co/SAWFxMw62i pic.twitter.com/xacf1Djtb7
Demex's partnership with Zilliqa brings $ZIL lending and borrowing capabilities to the Nitron money market, expanding the range of available assets and providing users with additional opportunities for earning passive income.
Calling all traders! $ZIL perpetuals have arrived on Demex π₯
— Demex (@demexchange) June 22, 2023
π Up to 5x leverage for amplified trading potential
π§ Deep liquidity for seamless trades
π Capture both upward and downward price movements
β‘οΈ Deposit $USD, and begin trading: https://t.co/gV9zLMSZ0n pic.twitter.com/PQG4knkLhs
That's not all! Demex now offers a ZIL-perpetual market for trading, allowing users to engage in leveraged trading with $ZIL.
π The ZIL Earn-A-Thon is Live π
— Demex (@demexchange) June 22, 2023
Unleash your potential with @demexchange and @zilliqa
π°Stand to earn from a prize pool of 2200 USD
π Complete tasks to earn rewards and rebates!
Register now π https://t.co/Lu6U8QpPj1
Guide π https://t.co/N9fQIfmdOh
Read onπ pic.twitter.com/rgPQS3esrn
To celebrate this partnership, a ZIL Earn-A-Thon Trading Competition has been launched, offering participants exciting rewards and a chance to showcase their trading skills!
2.4. Leap Ahead with Demex (Round 2)
We're back with the 2nd round of πΈLeap Ahead with DemexπΈ mobile-only promo!
— Demex (@demexchange) June 28, 2023
β¨ Trade any markets on Demex via the Leap mobile app
π 10 lucky winners will win $50 each
π 28 June - 2 July, 8:00AM UTChttps://t.co/toYTInvDI4https://t.co/9vU3C1jfbO
Full Rules belowπ pic.twitter.com/fW2u4qRxcM
Leap Wallet has also joined forces with Demex for a second round of the "Leap Ahead with Demex" promotion!
Traders can now trade any markets on Demex via the Leap mobile app and have a chance to win $50 each. By meeting specific trading criteria, participants are eligible to win these exciting prizes, encouraging engagement and showcasing the seamless integration of Demex into the mobile trading landscape.
Download Leap on mobile here.
3. Fluo
3.1. Introducing Fluo's Very First Partner: Demex!
Introducing our first (of many) partners - Demex!
— Fluo (@FluoFinance) June 26, 2023
FluoFinance is partnering with @demexchange, an all-in-one DEX platform making it The Only DEX You Need.
Want to know more about our Demex partnership and an airdrop hint?
ππ»π§΅#demex pic.twitter.com/z7ToRFue6T
Through the collaboration with Demex, Fluo introduces Perp Pools, a specialized market-making strategy designed specifically for Demex's perpetual markets.
With Perp Pools, individuals have the opportunity to become automated market makers on Demex and earn market-making fees and other rewards. In return, Demex will provide Fluo's MM strategies with a VIP tier within its trading fee structure. This allows anyone who deposits to earn from maker rebates, funding rate and traders' losses!
Powered by Fluo, depositors in Demex's Perp Pools can benefit from minimal to no spread, deep liquidity, and minimal slippage, thereby enhancing the overall trading experience.
P.S. Don't miss out - Follow Fluo on Twitter here to catch up on the latest happenings!
3.2. Giveaway #1
GIVEAWAY ALERT! π
— Fluo (@FluoFinance) June 12, 2023
Join the giveaway and stand a chance to win from a $250 stablecoin prize pool! π°β¨
To enter:
1οΈβ£ Follow @FluoFinance on Twitter
2οΈβ£ Retweet and like this giveaway announcement
3οΈβ£ Tag 2 friends in the comments below
4οΈβ£ Comment what you like about Fluo pic.twitter.com/75ZdCDm0VA
As Fluo approaches its Mainnet launch, a series of giveaways has been organized to express gratitude towards the early adopters of the project.
A big thank you to all participants for contributing to the success of our inaugural giveaway!
3.2. Zealy Quest Board
QUEST BOARD ALERT! ππΌββοΈ
— Fluo (@FluoFinance) June 16, 2023
Fluo is now on @zealy_io! Complete tasks on the quest board to earn XP and prizes!
We're running a sprint from 16th June β 23rd June, 10:00 AM UTC. The TOP 20 ranks on the leaderboard, will be AIRDROPPED $25 USD each! π°https://t.co/ceRu7lXdrJ pic.twitter.com/CrWtGTXaep
That's not all!
On top of the giveaway, to foster community engagement and educate users on Fluo's mission, a Quest Board was created on Zealy, where participants had to complete specific actions and meet requirements in order to qualify for the prize pool.
4. What's next?
The V2.26.0 Software Upgrade on Carbon laid the foundation for more inclusive trading on the platform, empowering users with greater flexibility in managing their trading strategies.
Building on this momentum, Demex is ready to take the lead and bring forth a wave of innovations. July 2023 is poised to be a landmark month for Demex - Stay tuned as Demex unveils its latest offerings, designed to redefine the DeFi landscape!