VAPORWAVE <> NEX
Autocompound NEX’s Index Token!
Hello Aurora Farmers!
We’re excited to announce our partnership with NEX, a derivatives platform operating on Aurora and Optimism.
NEX offers perpetual futures at 50x leverage, as well as very low slippage trading between assets in its index token. Currently on Aurora they offer NEAR, USDC and ETH.
NIT, their index token, gives users the ability to hedge, meaning they can have the growth potential of going long on NEAR and ETH, while reducing their exposure to negative price movements. 50% of NIT is derived of USDC, reducing the effects of negative price movements on NEAR and ETH.
Vaporwave is excited to announce its latest Vapor Vault for NIT!
Earn passive APY on an index token, gaining exposure to ETH, NEAR and USDC. Yield is generated from NEX’s derivatives protocol in the form of USDC. The more users trade and open leveraged positions, the more fees are generated for NIT!
Due note that NIT has a minting countdown timer on it. This means if you purchase NIT, you need to wait 15 minutes before depositing in our vault. The same holds true if our vault has recently purchased NIT, meaning if our vault has recently autocompounded, you may need to wait 15 minutes before being able to withdraw.
You can learn more about NEX here.
If you’re interested in purchasing NIT, you can do so here.
