Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list STFX and support deposit and withdrawal & Automated Market Making (AMM) on Nov 17, 2023 (UTC). And its trading pair STFX/USDT will be available on the same day.
1. Deposit: 03:00 Nov 17, 2023 (UTC)
2. Withdrawal: 03:00 Nov 17, 2023 (UTC)
3. Trading pair: STFX/USDT
4. Opening method: Call Auction
a. Call Auction
03:00-06:50 Nov 17, 2023 (UTC)
Orders can be placed and canceled
06:50-07:00 Nov 17, 2023 (UTC)
Orders can be placed but cannot be canceled
07:00 Nov 17, 2023 (UTC)
STFX (Single Trade Finance Exchange) is a DeFi and SocialFi protocol designed to facilitate efficient short-term asset management.
The core protocol innovation is the concept of Single Trade Vaults (STVs). STVs are purpose-built, non-custodial vaults that specialize in short-term, active management and are dedicated to a single trade.
STV’s can be contextualized as compact vaults that exist solely for the duration of each trade. They differentiate from the conventional long-term, multi-asset portfolios found in both DeFi and TradFi sectors.
STFX allows users to deploy, manage and invest in STV’s that align with their current market views on a particular asset. As a platform, STFX allows for more productive ideation, dissemination, and monetization of trade ideas. Previous options limited traders to sharing their setups on sub-optimized social channels (Twitter, Discord, etc.) where they compete for user attention against generalized content and algorithmic clickbait engines. Furthermore, a trader may have generated large economic value to a consumer of their information, but had no method of monetizing the idea beyond loose capture methods like referral links. The STFX platform affords traders an opportunity to transform trade setups into an actionable, monetizable vaults, which can be joined by anyone instantly.
What is Automated Market Making (AMM)?
Automated market making (AMM) can calculate the buying and selling price according to the formula, so as to provide a continuous quotation for the market. CoinEx combines AMM with the order book, which means the liquidity pool will be automatically converted into the order book. With the "constant product market maker formula" algorithm in AMM, no matter how large the order book is or how small the liquidity pool is, firm liquidity provision to the market can be guaranteed. Learn more
Fees and Profit
Market supporting automated market making is an AMM market. Compared with normal market, AMM market adopts an independent fees system. The fees for both marker and taker is 0.3%, for market makers is 0.15%. VIP will not enjoy any special fees, and using CET for fees deduction is unavailable. All users are qualified to apply for market makers, and 50% of the market's transaction fees will be rewarded to liquidity providers.
Characteristics of AMM
1. Bonus obtainable from automated market making
User’s provided liquidity will be injected into the pool for automated market making. 50% of the market's transaction fees will be rewarded to liquidity providers in terms of the corresponding pool proportion.
2. Daily bonus can be cumulatively withdrawn
The transaction fee bonus will be calculated once a day and automatically credited into the user's Market Making Account before 4:00 (UTC) the next day. The user can obtain all the accumulated fee bonus after removing liquidity.
3. Free access, no charge required
Assets between Spot Account and Market Making Account can be transferred in real-time by adding and removing liquidity. Each user in a single market can increase liquidity twice a day, and no fees will be charged during the operation.
The assets in the Market Making Account will be injected Into the liquidity pool for automated market making. When the price fluctuates, there will be impermanent losses, and the amount of the two assets will change when the liquidity is removed. More details about impermanent losses
Nov 16, 2023