Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list RPL and support deposit and withdrawal & Automated Market Making (AMM) on April 22, 2022 (UTC). And its trading pair RPL/USDT will be available on the same day.
1. Deposit: 03:00 April 22, 2022 (UTC)
2. Withdrawal: 03:00 April 22, 2022 (UTC)
3. Trading pair: RPL/USDT
4. Opening method: Call Auction
a. Call Auction
03:00-06:50 April 22, 2022 (UTC)
Orders can be placed and canceled
06:50-07:00 April 22, 2022 (UTC)
Orders can be placed but cannot be canceled
07:00 April 22, 2022 (UTC)
Rocket Pool seeks to lower both the capital and hardware requirements for staking on ETH 2.0, adding to the decentralization and security of Ethereum. To achieve this, Rocket Pool allows users to stake trustlessly towards a network of node operators.
Rocket Pool smart contracts accept ETH deposits, assign them to node operators, and issue & track various tokens (RPL/rETH) and handle interactions with the beacon chain. They can also detect if a smart node in the network has gone down and will automatically disable it from receiving any new users until it is repaired.
The Smart Node Network is a decentralized network of specialized Ethereum nodes that run on Rocket Pool's Smart Node software. This software provides custom background processes that allow it to communicate with Rocket Pool’s smart contracts, and just as importantly, provide the network consensus required by the beacon chain.
Minipools Validators are smart contracts that are created by node operators who deposit 16 ETH on their node. When they do this, their minipool contract receives 16 ETH in deposits from users who just want to stake but not run a node. When this contract contains a total of 32 ETH, that amount is sent to begin staking and at the same time, a new validator is created on the node which performs the consensus duties for that deposit to earn those staking rewards.
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
April 22, 2022