Bring your competitive advantage into the AMM experience-press release
Bring your competitive advantage into the AMM experience-press release
press release
press release. Coinflex, a crypto futures exchange, is the first centralized stock exchange to launch a hybrid automated market maker named AMM+. Coinflex is a ' amm+ arena competition, in which the users rewarded based on their ranking and their weekly trade volume become.
The past two years have been an enormous growth phase for Amms. While the AMMS are a cryptical innovation that emerged from decentralized financing, Coinflex is the first centralized stock exchange (CEX) that launches an AMM for the appointment market.
Since the futures markets are larger than the spot markets, users benefit from a higher trading volume than the Dex volume. As a reference, the blocked total value (TVL) in Uniswap is about $ 6.5 billion, but acts about $ 1 billion a day. In comparison, the Coinflex AMM+ has about $ 100 million TVL and was traded between $ 200 million and $ 1 billion in daily volumes.
If users have assets that have little to no return elsewhere, you can use the funds with the option of several types of security in the AMM as security. For example, you can use btc act and eth /usdc pair.
In order to promote the introduction of AMM+, Coinflex starts a trade competition called "Amm+ Arena" to increase the acceptance and liquidity of AMM+.
How does the amm+ arena of Coinflex work?
There are three core elements of the AMM+ Arena competition:
Price pool of the trading competition
At the center of the Amm+ Arena is the trading competition. Users can refer to a leaderboard that shows where to place themselves among their colleagues and the performance of the 10 best Amm+ Arena users.
users compete for the highest 7-day average APR in the AMM+. The prices are paid weekly based on the entire trading volume of the previous week. The prices are divided accordingly among the 10 high earners:
1- 30% 2. - 20% 3.- 12% 4.- 10% 5. - 8% 6.- 6%
7. - 5% 8. - 4% 9.- 3% 10. - 2%
participation in the competition is very simple and only requires a coinflex account. Users can registration in minutes. Everything you have to do is to create an AMM+position with a minimum amount of $ 1,000.
The size of the price pool of the competition is based on the entire trading volume every week over all AMMS. The price pool is divided into three stages.
font-weight: 400; "> animal 1-100 million USD AMM+ trading volume to unlock a price pool of USD 3,000.
Tier 2-500 million USD AMM+ trading volume to unlock a price pool of USD 5,000.
Tier 3-AMM+ trading volume of $ 1 billion to unlock a price pool of $ 10,000.
The price pool is distributed among the ten best players.
weekly missions and cash prices
The weekly AMM+ weekly missions are personal goals that are bound to their trading volumes. You will be automatically registered for the weekly mission as soon as you have set up an AMM+position entitled to participate . Your progress is divided into three stages; If you reach the floors of the trade volume for each stage, you can claim your premiums.
nfts in limited edition
The third feature of the Amm+ Arena are the limited NFTS. The first 100 AMM+ Arena participants entitled to participate are entitled to an arena nft. The weekly champion is entitled to exclusive NFTs that represent its selected arena character legend. Each arena legend will only have five unique editions.
authorized users must specify their e-mail and etherum addresses to claim their NFTs. Coinflex then transfers the NFT to the verified Ethereum address, which the owner can see .
About Coinflex
Coinflex was founded in 2019 and is the home of Crypto Yield and has set itself the goal of offering institutional and private investors an easily accessible platform to earn crypto.
Coinflex creates innovative solutions to investors and cryptoma markets through intuitive return products such as flexusd , the world's first interest on the interest of stable coin, and amm+ , the most capital-efficient automated market maker in the world. Coinflex is supported by crypto heavyweights, including Roger Ver, Mike Komaransky, Polychain Capital and Dragonfly Capital.
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