Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list VEC (Vector) on Feb 21, 2024. The details are as follows.
List Time
1. Deposit: 07:00 on Feb 21 (UTC)
2. Withdrawal: 07:00 on Feb 21 (UTC)
3. Trading pair: VEC/USDT
4. Opening method: Call Auction
a. Call Auction
07:00-07:50 Feb 21 (UTC)
Orders can be placed and canceled
07:50-08:00 Feb 21 (UTC)
Orders can be placed but cannot be canceled
b. Trading
08:00 Feb 21 (UTC)
About VEC
The core objective of Vector Reserve is to harness optimized liquid staking and liquid restaking yields to introduce a diversified, risk adjusted reserve currency built on ETH, offering market leading yield. It does this by harnessing ETH, and associated Liquid Staking Tokens (LST) and Liquid Restaked Tokens (LRT) to create a diversified treasury of Liquidity Position Derivatives (LPD) in traditional ETH/LST or ETH/LRT LPs, which can earn a further yield boost via EigenLayer's Superfluid Staking. The end result is a diversified, fully collateralized basket of optimized ETH yields in the form of Vector ETH (vETH); providing both a best-in-class yield experience for users, but also driving significant value to the VEC reserve currency.
About Automated Market Making (AMM)
AMM is supported for the VEC/USDT market. CoinEx AMM allows every user to become a market maker. By adding liquidity to the liquidity pool, users can share 50% of the trading fees earned in this market. The fee dividends are calculated daily. Learn about AMM >>
Risk Reminder
Crypto products are innovative investment products with large price fluctuations as well as high investment risks. Therefore, please evaluate and invest wisely based on your risk tolerance and financial resources.
CoinEx reserves the final interpretation of this announcement.
CoinEx Team
Feb 21, 2024
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