TRADE HERE $SOL
SOLANA FOUNDATION LAUNCHES FRONTIER TRADERS FOR INSTITUTIONAL FIRMS.
🏛 Solana Foundation unveiled Frontier Traders, a program aimed at institutional trading firms.
📆 The first access campaign kicks off this Friday with the tokenized equity of SpaceX.
💰 The direct entry requirement is $500 million in on-chain DEX volume within 30 days and an average open interest of 16 million.
✅️ There are three VIP levels: from 500M to 2B is VIP 1, from 2B to 5B is VIP 2, and above 5B is VIP 3. Maker minimums are reviewed with each firm based on the liquidity they can provide.
Members receive trading rebates across all Solana venues, priority access to RPC, early entry to launches via Asset Express, and invitations to closed quarterly briefings. Jupiter Exchange is the main venue partner. VIP registration closes on June 18.
🚀 For firms that don't meet the threshold, Solana enables limited-time campaigns. The first one utilizes tokenized SpaceX, putting Solana in the pre-IPO derivatives race.
📊 Trade.xyz launched a synthetic perp of SpaceX on Hyperliquid in May. Bybit and Kraken added 1:1 exposure in June with xStocks of Backed Assets. Now there are four active venues ahead of the announcement.
The Frontier Traders website lists all-in fees of 0.4 bps on SOL/USDC compared to 2.6 bps for Binance VIP 9.
It also cites BisonFi Prop AMM with over $6 billion in on-chain volume in 30 days, nearly triple that of Binance in the same period.
#solana #TrendingTopic #crypto #news #TradingCommunity
TRADE HERE 👇🏼
SOLANA FOUNDATION LAUNCHES FRONTIER TRADERS FOR INSTITUTIONAL FIRMS.
🏛 Solana Foundation unveiled Frontier Traders, a program aimed at institutional trading firms.
📆 The first access campaign kicks off this Friday with the tokenized equity of SpaceX.
💰 The direct entry requirement is $500 million in on-chain DEX volume within 30 days and an average open interest of 16 million.
✅️ There are three VIP levels: from 500M to 2B is VIP 1, from 2B to 5B is VIP 2, and above 5B is VIP 3. Maker minimums are reviewed with each firm based on the liquidity they can provide.
Members receive trading rebates across all Solana venues, priority access to RPC, early entry to launches via Asset Express, and invitations to closed quarterly briefings. Jupiter Exchange is the main venue partner. VIP registration closes on June 18.
🚀 For firms that don't meet the threshold, Solana enables limited-time campaigns. The first one utilizes tokenized SpaceX, putting Solana in the pre-IPO derivatives race.
📊 Trade.xyz launched a synthetic perp of SpaceX on Hyperliquid in May. Bybit and Kraken added 1:1 exposure in June with xStocks of Backed Assets. Now there are four active venues ahead of the announcement.
The Frontier Traders website lists all-in fees of 0.4 bps on SOL/USDC compared to 2.6 bps for Binance VIP 9.
It also cites BisonFi Prop AMM with over $6 billion in on-chain volume in 30 days, nearly triple that of Binance in the same period.
#solana #TrendingTopic #crypto #news #TradingCommunity
TRADE HERE 👇🏼