Demex Adds 5 New Liquidity Pools & Spot Markets!
Since our soft launch of Demex earlier this week, we’ve had an overwhelming response from the community!
Today, we’re pushing forward with 5 new incentivized pools and spot markets on Demex! We’re also updating the existing pool weights to account for the new pools.
Users can provide liquidity to these pools to earn from maker rebates and liquidity rewards. Trading on the ETH/USDC, WBTC/USDC, CEL/USDC, NEX (ERC-20)/USDC and nNEO (NEP-5)/USDC markets is now also available on Demex!
Fees for ETH/USDC and WBTC/USDC markets are set at 0.10% taker & -0.05% maker, while fees for all other markets are 0.25% taker & -0.05% maker. The fee for the ETH/WBTC market has also been updated to 0.10% taker & -0.05% maker to make the market more competitive. Swap fees (implicit spread) for ETH-50/USDC-50 and WBTC-50/USDC-50 pools are set at 0.01%, and 0.10% for all other markets. These settings can be updated by governance in future.
The new reward weights will take effect on 19 Dec, 11am UTC.
Head over to https://app.dem.exchange today.
For more information on how to provide liquidity or commit LP tokens to earn more rewards, check out our user guides.
About Demex
Demex is a fully decentralized platform that supports any cryptocurrency derivative product. It is built on the Switcheo TradeHub, a custom Layer-2 blockchain solution. Demex provides the speed, scalability, and safety you need, so you can trade the way you want. No registration or deposits needed.
Visit our guides for more information.
About Switcheo
Switcheo builds platforms that break new ground. We bring you finance without limits, for lives without limits. Whether you’re a battle-weary trader or are just making your first purchase, there’s nothing cryptic about crypto on Switcheo. Leading the pack with multiple world firsts, your time spent with us will be a worthwhile investment.
This post was originally published on Switcheo Blog.
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