CLAMM Surpasses $50M in Total Volume Since Launch
CLAMM Surpasses $50M in Total Volume Since Launch
In just 35 days since its launch, CLAMM has reached a total volume of over $50M. Other statistics include $2,425,698 TVL with 70.4% utilization, $1,922,380 in open interest, and approximately $63k in protocol revenue. Traders have made over $177k in pnl, with the top-performing trader earning over $29k. Net fees amount to $172k, including $109,171 in LP fees and $62,829 in protocol fees. Future plans for CLAMM include automated liquidity managers, range LPs on the UI, LP acquisition to scale TVL, more TVL for higher fees/revenue, and additional $DPX buybacks.
💸 Since its launch ~35 days ago, CLAMM has just surpassed $50M in total volume! That's not all: 🚀 $2,425,698 TVL with 70.4% utilization! 🏦 Open Interest of $1,922,380 💰 Protocol revenue: ~ $63k Let's look at some more stats 👇
Stryke Rebranding Announcement
On April 8th, 2024, the decentralized options exchange formerly known as [previous name] officially rebranded to Stryke. The platform allows users to hedge Bitcoin, Ethereum, Arbitrum, and other cryptocurrencies through decentralized options trading. The company's new Twitter handle is @stryke_xyz, which users should follow for official updates and announcements.
Synthetix Launches New Token Migration
Synthetix, a decentralized options exchange platform, has announced the launch of a new token called SYK. Users are encouraged to visit the provided website to begin migrating their existing DPX and rDPX tokens to the new SYK and xSYK tokens. Further details regarding the migration process can be found on the website.
Dopex Options Protocol Rebranding and Evolving
Dopex, one of the leading decentralized options protocols, is undergoing a rebranding and evolution process. The reasons behind this move are yet to be revealed. An interview with Bosslmp75 of Dopex has been conducted to provide insights into the changes and the rationale for this decision, which is expected to impact Arbitrum's top options protocol.
Dopex Introduces 'Wide-range Strategy' to Mitigate Market Volatility
Dopex, a decentralized options exchange, has announced the introduction of a 'Wide-range Strategy' aimed at reducing losses from price fluctuations. This move comes in response to the upcoming end of the STIP reward period and recent market volatility. The new strategy will be implemented starting with tomorrow's rebalance on the Stryke Vault, without requiring any migration from users. Dopex allows users to hedge their positions in cryptocurrencies such as Bitcoin, Ethereum, and Arbitrum.
AMA with PerfectSwap.io and 0xOrangeFinance Now Live
PerfectSwap.io, a decentralized options exchange, and 0xOrangeFinance, a platform for hedging cryptocurrency assets like Bitcoin, Ethereum, and Arbitrum, are currently hosting a live Ask Me Anything (AMA) session. This event provides an opportunity for the community to engage directly with representatives from these projects and ask questions or seek clarification on their offerings and future plans.