This year, the Perp DEX track is experiencing explosive growth.
The market is highly concentrated: the top four (Lighter, Aster, Hyperliquid, EdgeX) account for over 84% market share.
Most of the previous events have concluded, and StandX is the potential new star for the next phase.
It is currently still in the phase of acquiring points through lossless LP.
The Thanksgiving event with 1.5x bonuses has 7 days left to end.
You can make a sprint.
🥑https://standx.com/point?code=JOENS
The leader had the fortune to participate in the official Space @standxofficial discussion the other day, summarizing the topics and points of interest for everyone.
The biggest difference between StandX and other DEXs is that, besides DEX functionality,
- The trading margin uses the self-developed stablecoin $DUSD.
- $DUSD itself can generate income (mainly for market-neutral hedging strategies).
Current mainnet functional status:
- Take profit, stop loss, conditional orders, and other advanced order types have all gone live.
- More trading pairs (SOL, BNB, etc.) and advanced features based on community feedback will be gradually rolled out according to the established roadmap.
There is also the points system that airdrop participants are concerned about.
Points composition and weight design thoughts:
1. Trading volume points (Maker > Taker)
2. Order depth weighting: the closer the order is to the current market price, the higher the points multiplier (encouraging the provision of quality liquidity)
3. Holding duration also has certain rewards.
4. In the future, it will gradually tilt towards 'real trading behavior'.
About the team background and funding philosophy:
- Core members come from the Binance futures department, possessing years of experience in centralized exchange risk control, market making, and engine development.
- It is worth noting that the project does not accept institutional investments, aiming to retain a larger token ratio for the community and real users.
- It is currently still in a fully self-funded phase.
$DUSD stability mechanism (official key explanation part):
1. 100%+ over-collateralization (current collateral rate is about 110-115%).
2. Collateral assets are held in a Safe multi-signature wallet, which can be verified on-chain in real-time.
3. Price anchoring relies on three aspects of income:
- Professional hedging team + automated arbitrage robots
- Thick liquidity pool (LP)
- Funding rates + on-chain/off-chain arbitrage channels.
- Drawdowns mainly come from short-term extreme volatility; if such a situation occurs, it will also smooth the net value through continuous fee injections.
Current strategy hedging positions are mainly on Binance, and it will gradually migrate to the StandX chain.
StandX is at a critical period of rapid iteration of mainnet functions, and the community points system is about to fully open.
- Make a sprint as early as possible.
