New month, new achievements. We’ve had an exceptionally dynamic month with AshSwap and AshPerp.
Now, let’s reflect on these milestones and look ahead to the future! Covering everything from AshSwap and AshPerp’s Battle of Perps.
Product Log
The First Paper Trading Competition on Mainnet Beta: Battle of Perps
Battle Of Perps (BoP) is the first paper perpetual trading competition on AshPerp.
The official gameplay launch date is on Dec 12, but the Battle of Perps has already generated so much heat!
It’s no exaggeration that our participants are swimming in rewards, even by registering early. Take a look at our running list of prizes for each participant and period:
- Early Bird Lucky Draw: $1,000 for 100 lucky players who sign up before Dec 11.
- Main Prize Pool: $11,500 (50% in $ASH and 50% in $USDC) + Total Registration Fees and AshSwap NFTs airdrop for top traders and referrers.
- Bonus Rewards: +$1,000 and +26,000 $ASH. During BoP, you can join our side events to bring home more lucky rewards.
Take a more detailed look at our Gameplay: https://medium.com/@ashswap/battle-of-perps-the-7233ddb82191
AshPerp’s Feature Updates
AshPerp’s latest updates include:
- AshPerp has been launched on Mainnet Beta, hosting the first trading competition (Battle Of Perps) using buy-in tokens ($bpUSD).
- Users can now connect your xPortal and MultiversX DeFi Wallet seamlessly to AshPerp for an enhanced experience.
- New tokens listed on AshPerp: $HTM and $SOL.
- Battle Of Perps’ Referral Program is rolling out soon!
Battle Of Perps has been a storm lately. And truly, a premier paper trading experience is probably everything you’ve ever needed on #MultiversX before trading with real cash.
AshSwap
AshSwap Aggregator v2
AshSwap Aggregator v2 was the star of last month. From streamlined EGLD wrap/unwrap transactions to updated SDK, here are the changes going on in our system: https://medium.com/@ashswap/ashswap-aggregator-v2-sdk-updates-5e7b33988dad
And just like Taylor Swift, we’ve got a long list of integrations across MultiversX. Within the last month, AshSwap Aggregator has been integrated into the following protocols:
- XOXNO: The top NFT marketplace that supports any ESDT tokens.
- QuantumX Network: The dApp-building platform that combines traditional DeFi investing with real-world uses.
- CoinDripHQ: The token-streaming protocol on #MultiversX, allowing you to stream, vest tokens, & make repeat payments effortlessly.
- xPortal: xPortal is the ultimate money superapp that offers handy debit cards for quick switches between crypto and cash in seconds. It is the biggest and most popular MultiversX Wallet, securing on-chain wallets with 2FA and Invisible Guardian for an uncompromisable front.
We’ve also listed two new tokens to AshSwap Aggregator to diversify swapping options:
- XOXNO’s $PADAWAN
- eFootball’s $EFOO
Enjoy the best swapping rates across #MultiversX with AshSwap Aggregator v1.2 for all the tokens listed and upgrade your trading experience.
AshSwap New Liquidity Pools
A total of 5 new pools just entered AshSwap DEX:
- JewelSwap: $sDAI — $JWLUSD, $EPUNK — $JWLEGLD.
- ProjectX: $DNA — $USDC.
- New pool to phase out BUSD: $USDC — $USDT, $EGLD — $USDC.
More pools, more liquidity provision options, and more earning potential. Stake your tokens and enjoy a cut on transactions fees, LPs: 📌 https://app.ashswap.io/pool/
Important: $BUSD Depreciation Process
Following the recent $BUSD de-listing news from Binance, we’re also disabling $BUSD pools to keep AshSwap safe and stable.
Here’s what we suggest you could do:
- Withdraw $BUSD liquidity from pools.
- Trade $BUSD for other tokens, using AshSwap Aggregator for the best rates.
- Reach out to AshSwap if you have any concerns.
Check out our full notice for more information.
Partnerships and Community
AshPerp Challenge on Devnet
AshPerp Challenge concluded with a blast! Within the span of 1 month, we hosted:
🔵 A 26,000 $ASH prize pool
🔵 180+ participants
🔵 5 intense challenges on AshPerp
🔵 2 winners for the Review Contest
Huge thanks to our community for making AshPerp challenge a resounding success!
Review the event here: https://medium.com/ashswap/ashperp-challenge-event-recap-ed7f1b748a08
Battle Of Perps Community AMA
On December 2, a Battle Of Perps Community AMA was live on AshSwap Telegram with eager anticipation from our community. Our CEO Neil Nguyen, CMO Nate Le, and Community Manager Erik Pham joined in to answer heated questions.
A total of 1,500 $ASH was distributed to the best questions. Congratulations to the winners and thanks to everyone who tuned in with your pressing concerns! We hope the AMA addressed and clarified any running problems before the Battle of Perps, giving everyone a clear idea of how to start strong.
Battle Of Perps Sponsorship
The Battle of Perps couldn’t happen without the support of our sponsors and long-term partners. We’re grateful for the support of these:
Community Mini-Events
Some community events we hosted in October for AshSwapians are as below:
- Itheum Trailblazer Data NFTs Givesway: Exclusively for Battle Of Perps early joiners who register between Dec 6 — Dec 11.
- xEmoji package on Telegram: Developed by our AshSwpians, this emoji package contains MultiversX’ protocol icons and logos to help you personalize your appearance.
Monthly Key Stats
History doesn’t repeat itself, but it often rhymes. Last month, we had a few bullish signals on AshSwap with the Governance Stats Spike.
Almost in sync, our TVL shot to new heights this November: First, it reached $7.73M and placed our protocol in the top 3 on MultiversX. Within a matter of days, the number was round $10M. Our trading volumes also consistently rose above 500K in 4 days.
Onwards and upwards is the way to go, AshSwap fam!
Merry-cember!
We’re gearing up for a robust finish to the last month of 2023. With the impending Battle of Perps on the horizon and significant updates in the works for AshSwap, get ready for a whole host of AshSwap & AshPerp developments.
The list of AshSwap Aggregator v2’s integration will be updated with leading ecosystem protocols.
We also expect the depreciation process for BUSD will be completed in December. Please migrate your BUSD liquidity from existing pools accordingly to avoid further losses.
Battle of Perps
The Battle of Perps is coming extremely close. We strongly urge you to stay in loop with AshPerp to get the most out of it.
Key dates:
- Battle Timeline: 08:00 AM UTC Dec 12, 2023–08:00 AM UTC Jan 12, 2024.
- Official link: http://bop.ashswap.io/info.
- Registration: Now — the end of event.
- Early Bird Registration deadline: Dec 11, 2023.
Don’t miss out on AshPerp’s biggest event since launch!
AshPerp Mainnet
The AshSwap team is excited to unveil the latest upgrade with the upcoming launch of AshPerp Mainnet soon. These developments will be in sync with AshSwap’s roadmap milestones, and you’ll soon have the opportunity to trade with real money.
AshPerp’s upcoming feature updates on Mainnet include:
- Referral Program.
- Profit and Loss (PnL) Sharing on Social Media.
- Adjustable Leverage.
- Parameters are currently in the final stages and ready for configuration soon.
Season Greetings From AshSwap
Last but not least, enjoy yourselves in this month of joy and festivities!
We wish you a Merry Christmas to those who celebrate. For those who don’t, you make AshSwap everyday a genuine source for celebration.
Get ready to unwrap more AshSwap surprises in the next period. Thank you, and see you soon!
