A new exclusive market is now available for trading on Perennial: MEEM
We’re excited to announce the launch of the MEEM market, a new meme-coin index born from our ongoing partnership with Cryptex Finance. The MEEM index combines the market dynamics of DOGE, SHIB, FLOKI, PEPE, and ETH, creating a singular opportunity for traders to ride the meme wave.
MEEM Market Details
The MEEM price feed is powered by a collaboration between Cryptex and Chainlink, utilizing Perennial’s oracle-agnostic infrastructure. With Chainlink’s reliable data feed, traders can now enjoy a seamless trading experience on this unique market.
- Maker/Taker Fees: 0.01% / 0.03%
- Min Collateral: 50 USDC
- Leverage: Up to 50x
- Min Maintenance: 0.80%
Perennial 🤝 Cryptex: An Evolving Collaboration
Cryptex Finance is a DeFi ‘super app’ seamlessly uniting spot trading, perpetuals, indexes, and smart vaults into one cohesive platform. As Cryptex’s premier partner for perpetuals, all perps trades are seamlessly routed through Perennial’s advanced infrastructure. This integration merges Cryptex’s user-friendly frontend with Perennial’s composable toolset for a powerful trading experience.
The MEEM market is the latest result of Cryptex’s innovation, fully supported by Perennial’s infrastructure. As Cryptex continues to push boundaries, we’re excited to help power even more dynamic markets in the future.
ARB Rewards 💰
LPs in Perennial’s (currently selected) rewards program will also earn ARB rewards for providing liquidity to this new market. An allocated 3% of total LP rewards will be distributed to the MEEM market as part of this month’s reward distribution. The specifics of this ARB reward program are outlined in the announcement article here.
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