Lynx To Bring Perpetuals Trading to SpiritSwap
Introducing SpiritSwap
SpiritSwap is a decentralized exchange (DEX) on the Fantom Opera Chain. SpiritSwap’s design was originally based on the Uniswap constant-product automated market maker (AMM).
SpiritSwap integrates Algebra into its protocol to enhance efficiency and capitalize on crypto assets. The integration of Algebra’s codebase offers SpiritSwap and its users a unique advantage, setting it apart from Uniswap V3 and other DEXs. Algebra’s technology promises to redefine the DeFi space, offering market participants new opportunities and efficiencies not available in traditional DEX models.
SpiritSwap Perpetuals: Powered By Lynx
Lynx has teamed up with SpiritSwap to introduce perpetual futures trading to SpiritSwap users on Fantom.
Target Launch Date: Monday, August 5th 2024
By leveraging Lynx’s advanced trading infrastructure, SpiritSwap further expands their product suite to include a Perp DEX while generating a new stream of revenues via commissions on trading fees.
SpiritSwap’s Perp DEX is distinguished with a number of unique features, including:
- Custom Front-End: Perpetuals trading underneath the SpiritSwap brand
- Gasless Trading: No gas fees paid by any user
- Any Token as Collateral: Select from an expanding list of supported collateral tokens
- Instant Liquidity Sharing: Access to all 20+ Lynx liquidity pools (and counting)
Listing $SPIRIT
Alongside the white-label launch, Lynx will list SpiritSwap’s $SPIRIT token as a supported collateral asset, bringing fresh new utility to token holders.
Holders of $SPIRIT will be able to now trade perps using their $SPIRIT token holdings, or provide liquidity to the $SPIRIT liquidity pool to absorb the trading fees and performance of traders. Trading can be done with up to 100x leverage on BTC/USD, ETH/USD, and other tradeable instruments on Fantom.
By abstracting away price volatility risk, Lynx allows any token — from governance tokens to meme coins — to be effectively collateralized with no added liquidation risk. Try Lynx out today and get ready to start trading with your $SPIRIT tokens!
Set Up Your Perp DEX
Whether your protocol aims to enter the derivatives market, attract novice and experienced traders, or add new use cases for your native token, Lynx’s white-label solution provides an effortless, ready-to-launch perpetuals trading solution. Lynx offers marketing and customer support to guarantee a smooth and successful onboarding process.
3 Simple Steps
- Connect with us Our BD team will demo the product and explain points like revenue share and support for your native tokens
- Add a link in your app Decide where you’ll want your Perp DEX to go within your app; no additional technical integration is required — Lynx handles the rest!
- Launch with co-marketing That’s it! Lynx will build your custom Perp DEX and prepare to announce across all channels
About Lynx
Lynx is an advanced decentralized perpetuals exchange offering high-leverage trading on crypto, forex, and commodities using any ERC-20 token as collateral. Through Lynx, token holders can utilize their favorite tokens — from governance tokens and LSTs to yield-bearing assets and stablecoins — to gain exposure to other assets without ever selling their holdings.
Lynx introduces gasless trading to a growing number of chains. Using omnichain liquidity pools, Lynx can easily extend support to additional chains while offering immediate access to deep trading liquidity. By applying its liquidity to all chains, Lynx maximizes trading volumes and fees per dollar of liquidity deposited.
Official Website: https://www.lynx.finance/
Twitter: https://twitter.com/Lynx_Protocol
Discord: https://discord.gg/DTcw3rT28J
Medium: https://medium.com/lynx-finance
