🦁️Background of the project:
LionDEX provides perpetual contract services for multi-chain decentralized derivatives, improving the trading experience and significantly reducing trading costs by using decentralized networks (Layer 2), to create a more efficient and fair trading environment. At the same time, the protocol's value can be shared with users through smart contracts
🦁️LionDEX's advantages on Arbitrum are:
1. Innovated "PvP-AMM" protocol that can quickly respond to trading orders and completely eliminate trading spreads.
Low transaction fees (minimum 0.008%), with no borrowing or holding fees.
PvP-AMM protocol maximizes capital efficiency (100% margin value x expected leverage).
LionDEX's unique stop-loss insurance provides professional-level trading assistance to traders.
Products on Lion🦁️ include:
1. Multi-asset perpetual futures trading protocol based on comprehensive index - PvP-AMM.
NFT that can be used for governance and token distribution.
Earn revenue source protocol fragmented, with stop-loss insurance ensuring trading diversification.
Lion🦁️ token economics: Dual token model：
1. Multi-asset perpetual futures trading protocol based on comprehensive index - PvP-AMM.
NFT that can be used for governance and token distribution.
Earn revenue source protocol fragmented, with stop-loss insurance ensuring trading diversification.
Lion🦁️ token economics: [Dual token model] $LION - LionDEX's income and governance token. $LP - Accrued fee and liquidity certificate token based on PvP-AMM protocol.
Introduction to Lion🦁️ token:
LION is the governance token of LionDEX, with a limited supply of 1,000,000,000 tokens, of which 50% are reserved for protocol growth incentives awarded to contributors. LION has practical functions such as purchasing feeLP, participating in Launchpad, and community governance. LION also shares protocol revenue through Earn.
LP is the intermediary token used in the PvP-AMM protocol. LP can be minted as USDC/BTC/ETH tokens, serving as collateral for perpetual contract trading or earning protocol revenue by providing liquidity to the market. The PvP-AMM protocol uses LP to calculate and reflect the overall PnL of trading orders, as well as insurance revenue and claims.
The initial LP price is 1:1 USDC, which differs from traditional DeFi-AMM tokens. Its price is not affected by any purchase (minting) events, but is calculated based on the above context using the following formula: 👉 v1.0 LP price = GLP total value in the protocol library / (current circulating LP total + trader's position floating profit and loss LP total + insurance order payable LP total). If this is too complex, you can understand them as tokens such as GMX and GLP.
💗LionDEX's tutorials are:
Like This：
You can choose your preferred trading cryptocurrency to trade on this page. Currently, 8 tokens are available on the testnet.
Choose your LP, which is your amount to be placed as a bet, long or short.
Similar to position management, trade according to your own capital situation.
Here, you can add an insurance feature; the order insurance can greatly increase the loss threshold by sacrificing part of the expected profits in any situation. As a trading tool, it is more suitable for long-term investors and risk traders pursuing high leverage.
Here, you can see your open, close, and liquidated history."
Lion🦁️'s feature is the characteristics of the PvP-AMM protocol which includes:
The characteristics of the PvP-AMM protocol are:
♦️ The PvP-AMM protocol provides a combination of arbitrage opportunities for API and SmartMoney, automatically balancing long and short positions by attracting new and minority orders.
♦️ The PvP-AMM protocol uses index prices (from ChainLink and several other centralized exchanges) to calculate the profit and loss percentage of trading orders. The protocol then executes a fixed amount of settlement based on this percentage. The most important factor that determines the final profit and loss in the PvP-AMM protocol is the long and short ratio.
🦁️ Protocol Security:
When users trade or provide neutral collateral using USDC/BTC/ETH to mint LP, the provided original assets will be deposited into the protocol treasury, 100% automatically converted into GMX.IO-GLP and earned ETH through smart contract.
💰This part of ETH earnings will still be distributed to neutral Stakers at a 1:1 ratio.
📌 This is the second factor that determines the LP price: ▪️ Changes in the price of (GLP) relative to USDC. ▪️ The potential correlation between GMX.IO-GLP treasury and crypto market (BTC/ETH only)."
Lion🦁️'s revenue sources are:
📌 LionDEX allocates a higher proportion of revenue to Stakers to increase system stability, reduce LP volatility risk for traders, and enhance the trading experience. At the same time, by staking LP, you will also receive comprehensive ETH rewards provided by GMX.IO-GLP.
📌 As features are added, LionDEX may have compounded revenue (including LION/LP/USDC/BTC/ETH), but the final reward that users receive in Earn will always be esLION, LP, and ETH (for LP stakers). Check real-time APR components through Pools.
📌 esLION can be replaced with LION at any time and staked to earn revenue at a 1:1 ratio. A portion of LION from developers will be minted into esLION at a 1:1 ratio to receive the initial Staking Earn reward.
📌 esLION has the same governance rights as LION, and the conversion period from esLION to LION is 180 days."
Summary of Lion🦁️ (not as investment advice)
As an innovative product in the derivatives field, LionDEX has created the PvP-AMM protocol. In overall experience, the testing phase of the platform was relatively smooth. The protocol balances long and short positions automatically by attracting new and minority orders, providing an arbitrage opportunity and reducing trading costs
Their dashboard provides real-time monitoring of long and short positions ratios, as well as the changes in Lion and LP holdings. This is highly practical for investors.
In regards to the home page, the transaction history and revenue are presented clearly and intuitively. The process of opening and closing orders is simple and suitable for a smooth trading experience for traders. Most importantly,
1. Trading fees are as low as 0.008%.
2. Staking LP provides dual benefits (our LP is built on top of GLP, allowing users to enjoy dual benefits: 100% of ETH revenue from GLP + 37.5% of transaction fee revenue from LionDEX).
Stop-loss insurance provides trading assistance.
50% of the token rewards go to the protocol contributors (primarily LP Stakers and traders)."
🦁️Your Lion King is back!
We are also excited to see LionDEX perform on Arbitrum! ❤️❤️❤️❤️
