StandX

Gm Standers,
The past month has pushed StandX further toward the full SIP-5 vision, with SIP-5B Community Vaults now live and momentum building toward Universal Markets. Here is everything you may have missed:
Community Vault Manager Challenge: The Community Vault Manager Challenge is now live, putting SIP-5B into action with managers competing across different strategies for a 9,000 DUSD prize pool. The campaign runs until September 10th, with performance judged across ROI, Maker Hours and Risk Adjusted Return.Community Vaults in action: With the challenge underway, very different strategies are already emerging across the vaults. Managers are testing different positions, risk profiles and profit sharing structures as more volatile market conditions put their approaches to the test. Some managers have chosen to make their positions public during the campaign. Vault creation is set to become public once it concludes.XAU and BTC Depth: On August 17th StandX liquidity moved into the top tier of perps DEXes. XAU depth reached $12.08M at 10bps, more than the approximately $10.18M combined across seven other compared venues in the snapshot. BTC depth also reached $17.24M at 10bps, ranking first among the compared leading perp DEXs at the timeCommunity Maker Yield update: This month we introduced more precise maker liquidity measurements, with each trading pair now assigned its own trading session and off session multiplier. For example, SPCX / USD follows US equity market hours, with qualifying activity outside the session receiving a 10% multiplier. Read the full parameters in the docs.Position Visibility: Traders and Vault Managers now have more control over what the market can see. Position Visibility lets users selectively reveal details including market, side, quantity, entry price and PnL, while positions remain private by default. Show your edge without showing your entire hand.Final Points Halving: The final StandX Points emissions halving took place on August 10th, marking another milestone in the evolution of the StandX Points program. Almost at the summit.BNB Chain X Spaces: StandX Head of Growth Fiona joined BNB Chain alongside Trust Wallet, HertzFlow and Ave ai for a discussion on the growing intersection between AI and trading and what the next generation of trading infrastructure could look like on BNB Chain.
Thank you to every Stander building, trading and standing with us as we move closer to letting 1,000,000 markets bloom.

Gm Standers,
The past few weeks have brought major SIP-5 component product launches, deeper DeFi collaboration and plenty of community action. Here is everything you may have missed:
SIP-5A: Community Maker Yield began rewarding users who maintain real executable liquidity on the StandX order book, transforming idle capital into productive liquidity that directly improves market quality.SIP-5B: Community Vaults introduced new ways to fund trading strategies, maker rewards and isolated protection for individual markets, laying another key building block towards Universal Markets.
SIP-5: Read Jimmy's long, long, long form article exploring the mission to build permissionless perp markets on virtually anything and how every recent SIP fits into that vision.Universal Yield: The Universal Yield Overview now lets Standers track DUSD Native Yield, Position Yield and Maker Yield from a single dashboard, making it easier than ever to monitor every source of yield.Spark: We have begun working with Spark combining its DeFi infrastructure and deep liquidity with the wider Universal Markets vision to strengthen the foundations of the ecosystem.Top Four: StandX climbed to fourth place among perp DEXes by daily trading volume on DeFiLlama, marking another major milestone in protocol growth and adoption.SIP-4: Block Options are now live on Solana bringing tradable TP and SL execution rights to more traders with fully onchain settlement.Money Frontier Hong Kong: The StandX team is at Money Frontier Summit Hong Kongtoday and tomorrow. If you're attending, come visit our booth, meet the team and grab some exclusive StandX merch.StandX Gallery: The StandX Gallery became a new home for Stander artwork and fresh merch in the new gift shop. Because every Stander deserves a little emotional support.
FIFA World Cup Campaign: The StandX World Cup Sweepstake brought the community together to support their teams and the 10,000 DUSD prize pool has been distributed and leaderboard published.
Thank you to every Stander who has joined us on this journey as we move closer to our mission of letting 1,000,000 markets bloom.