ArbitrumBased – Coin Network News https://coinnetworknews.com If it's coin, it's news. Fri, 07 Apr 2023 19:34:35 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.3 Arbitrum-Based Camelot Crypto Exchange to Deploy V2 Upgrade Saturday https://coinnetworknews.com/arbitrum-based-camelot-crypto-exchange-to-deploy-v2-upgrade-saturday/ https://coinnetworknews.com/arbitrum-based-camelot-crypto-exchange-to-deploy-v2-upgrade-saturday/#respond Fri, 07 Apr 2023 19:34:35 +0000 https://coinnetworknews.com/arbitrum-based-camelot-crypto-exchange-to-deploy-v2-upgrade-saturday/

The upgrade will launch in three phases, pseudonymous founder Myrddin said in Discord. First, on Saturday, Camelot will deploy a beta-stage automated market maker (AMM) based on the codebase of Algebra, a liquidity-focused protocol. The v2 upgrade will introduce “major enhancements” to Camelot’s infrastructure, such as adjusting pool fees and supporting the rebasing tokens like stETH.

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Arbitrum-Based Factor Raises $4M on First Day of Token Offering https://coinnetworknews.com/arbitrum-based-factor-raises-4m-on-first-day-of-token-offering/ https://coinnetworknews.com/arbitrum-based-factor-raises-4m-on-first-day-of-token-offering/#respond Tue, 21 Feb 2023 09:46:20 +0000 https://coinnetworknews.com/arbitrum-based-factor-raises-4m-on-first-day-of-token-offering/
Factor allows users to provide asset management services to communities without learning complex code for deploying such tools.

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Arbitrum-Based GMX Surpassed Ethereum Blockchain in Daily Fees Over Weekend https://coinnetworknews.com/arbitrum-based-gmx-surpassed-ethereum-blockchain-in-daily-fees-over-weekend/ https://coinnetworknews.com/arbitrum-based-gmx-surpassed-ethereum-blockchain-in-daily-fees-over-weekend/#respond Mon, 13 Feb 2023 09:08:58 +0000 https://coinnetworknews.com/arbitrum-based-gmx-surpassed-ethereum-blockchain-in-daily-fees-over-weekend/
The decentralized futures exchange product has gained a loyal community of users in the past few months.

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Arbitrum-Based Radiant Capital Targets Outsized Platform Profitability With V2 Launch https://coinnetworknews.com/arbitrum-based-radiant-capital-targets-outsized-platform-profitability-with-v2-launch/ https://coinnetworknews.com/arbitrum-based-radiant-capital-targets-outsized-platform-profitability-with-v2-launch/#respond Fri, 10 Feb 2023 10:41:56 +0000 https://coinnetworknews.com/arbitrum-based-radiant-capital-targets-outsized-platform-profitability-with-v2-launch/

“By introducing a revised tokenomics model that focuses on a virtuous flywheel for long-term RDNT stakers, Radiant v2 constitutes an effective iterative upgrade on RDNT v1,” pseudonymous crypto investor and researcher DeFi Maestro told CoinDesk, adding that the “flywheel encourages users to participate more actively in the protocol via rewards incentives.”

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Arbitrum-Based Vest Exchange Emerges, Aims to Democratize Perpetual Futures  – Defi Bitcoin News https://coinnetworknews.com/arbitrum-based-vest-exchange-emerges-aims-to-democratize-perpetual-futures-defi-bitcoin-news/ https://coinnetworknews.com/arbitrum-based-vest-exchange-emerges-aims-to-democratize-perpetual-futures-defi-bitcoin-news/#respond Tue, 31 Jan 2023 02:02:57 +0000 https://coinnetworknews.com/arbitrum-based-vest-exchange-emerges-aims-to-democratize-perpetual-futures-defi-bitcoin-news/

A new decentralized exchange (dex) on Arbitrum, called Vest Exchange, was announced this past weekend, and the team that created the project said the platform aims to focus on democratizing perpetual futures. The team behind Vest further detailed that the new Arbitrum dex is backed by firms such as Jane Street, QCP Capital, and Big Brain Holdings.

Vest Aims to Revolutionize Defi Perpetuals With Cutting-Edge Risk-Engine and Backing From Prominent Investment Firms

The creators of a new dex platform built on the Arbitrum layer two blockchain announced on Jan. 28, 2023, that the project has emerged from stealth mode. The project, called Vest Exchange, closed a seed round with investments from firms including Jane Street, QCP Capital, Big Brain Holdings, Pear VC, Cogitent, Moonshot Research, Fugazi Labs, Ascendex, Builder Capital, Infinity Ventures Crypto, and Robert Chen (Ottersec). Vest Exchange also provided a summary of the project in a blog post published on the same day.

Vest believes the decentralized finance ecosystem depends on decentralized exchange platforms for its strength. However, the team at Vest believes that current prominent exchanges have limitations, including “high barriers for market listing, lack of risk management, and unclear risk and return for liquidity providers.”

Vest explained that the dex solves these three issues by leveraging a special risk-engine. Further, research and modern techniques are utilized to “unlock new illiquid markets faster than any other centralized or decentralized exchange.” Vest’s blog post adds:

We hope that Vest will elevate the standard of perpetual futures trading by democratizing access to unique trading opportunities in all markets.

Arbitrum is a layer two project and the fourth-largest blockchain in decentralized finance, with $1.25 billion in total value locked. The largest protocol on the Arbitrum network, in terms of total value locked, is GMX, a decentralized derivatives exchange that connects to the Avalanche blockchain network. The blog post for Vest’s launch notes that a Discord and Testnet will be launched soon. Vest has also established a research forum, research.vest.xyz, for general research into decentralized finance.

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$1.25 billion, Arbitrum, AscendEx, Avalanche blockchain network, Big Brain Holdings, Blog Post, Builder Capital, Cogitent, decentralized exchange, decentralized finance, DeFi, Defi Dex, defi research, democratizing, DEX, Discord, Fugazi Labs, GMX, high barriers, illiquid markets, Infinity Ventures Crypto, Jane Street, Layer two, Liquidity providers, market listing, modern techniques, Moonshot Research, Pear VC, perpetual futures, QCP Capital, research forum, Return, risk management, risk-engine, Robert Chen (Ottersec), seed round, testnet, total value locked, Vest Exchange

What are your thoughts on Vest Exchange’s mission to democratize perpetual futures trading and shake up the decentralized finance landscape? Let us know in the comments below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.




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