Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list SLRS and support deposit and withdrawal & Automated Market Making (AMM) on September 13, 2021 (UTC). And its trading pair SLRS/USDT will be available on the same day.
1. Deposit: 03:00 Sep 13 (UTC)
2. Withdrawal: 03:00 Sep 13 (UTC)
3. Trading pair: SLRS/USDT
4. Opening method: Call Auction
a. Call Auction
03:00-10:50 Sep 13, 2021 (UTC)
Orders can be placed and canceled
10:50-11:00 Sep 13, 2021 (UTC)
Orders can be placed but cannot be canceled
Solrise Finance is a decentralized fund management and investment protocol on Solana, which is s easy to use, practical, and almost trustless. With Solrise, managers will be able to create funds that include asset classes from across the Solana ecosystem and beyond. Investors will be able to explore and track the performance of funds across the platform in detail - both historically and in real-time - before deciding where to invest, with an extremely low barrier to entry. The protocol currently permits a single Manager key to perform trades with integrated platforms on behalf of fund investors without the possibility of exiting the funds. In the future, Solrise plans to add a pluggable governance module, allowing for fine-grained access control of investors as well as constraints on the form of whitelisted protocols and assets the fund is allowed to perform and interact with. SLRS is the native token of SOLRISE Finance. The value of SLRS:
1) transaction fee;
2) profit sharing of Fund managers;
3) liquidity mining.
The more SLRS staked by investors, the lower the commission fee they need to pay. The more SLRS the fund managers stake, the less they have to pay Solrise. The team’s vision is to provide total, fair, and unimpeded access to markets, which means lowering barriers to entry and enabling granularity in transactions wherever possible.
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
Sep 13, 2021