Lista DAO is excited to announce a new strategic partnership with Lynx Finance. Through this collaboration, users will now have the opportunity to use lisUSD as a collateral option for trading perpetual futures on the Lynx. This integration not only broadens the utility of lisUSD but also opens up sophisticated trading possibilities for our users, allowing them to engage in perpetual futures markets directly.
About Lynx Finance
Lynx is a decentralized perpetuals exchange, which offers high-leverage trading across Crypto, Forex, and Commodity derivatives. Users can leverage a variety of ERC-20 tokens, from governance and Liquid Staking Tokens (LSTs) to yield-bearing assets and stablecoins, as collateral. This flexibility allows traders to diversify their investment exposure without the need to liquidate their primary holdings.
To facilitate a better and more capital efficient trading experience, Lynx also introduced gasless trading across multiple blockchain networks. Leveraging omnichain liquidity pools, Lynx not only supports a broad array of chains but also ensures traders have immediate access to substantial liquidity. This approach allows Lynx to maximize trading volumes and optimize fee generation from the liquidity provided, enhancing the efficiency and reach of its trading platform.
Lista DAO x Lynx Finance Incentive Program
To celebrate our partnership together with Lynx Finance, we are launching a dynamic 4-week reward program, starting May 27, 2024, at 00:00 UTC and running until June 24, 2024.
This initiative aims to promote the adoption of $lisUSD as a collateral asset for trading perpetual futures on Lynx, with a generous total of 4,000 $lisUSD tokens allocated as incentives.
Participants using $lisUSD as collateral will benefit from two main rewards structures:
- Fee Rebates, offering up to 80% back on trading fees,
- A Positive Trading Boost, rewarding traders based on their successful trade profits.
The program is designed to stimulate high-volume trading and enhance liquidity, thus generating more trading fees for liquidity providers. Rewards are distributed weekly, with each round resetting to maintain competitive fairness.
Full campaign details and participation instructions are available here. Join us in this exciting opportunity to earn while trading with $lisUSD on Lynx!
Do note that while we try to be as fair as possible, Lista DAO reserves the right to adjust our rules at any point in time.
Trade using lisUSD on Lynx Finance
Follow these steps to engage in trading on Lynx using $lisUSD as your collateral.
- Deposit $lisUSD on Lynx: Before you start trading or providing liquidity, you need to deposit $lisUSD into your Lynx account. Lynx operates as a non-custodial exchange, which means you can withdraw your funds at any time.
- Open a Trade with $lisUSD: Once your account is funded with $lisUSD, you’re ready to trade! Lynx offers gasless trading, allowing you to go long or short on various instruments using $lisUSD as collateral, without incurring any gas fees.
- Stay Informed: For more details on trading incentives and how you can benefit further, make sure to check the dedicated section in the Lynx documentation. Also, keep up with the latest news and updates by following Lynx on Discord and Twitter.
