Dear CoinEx users,
According to the arrangement in the "CoinEx Will Support RAMP Migration, Token Name Change and Supply Increment", CoinEx has allocated the LEVER token to relevant users according to the ratio of 1 RAMP = 35 LEVER(LeverFi) on July 14, 2022. CoinEx will list LEVER and support deposit and withdrawal & Automated Market Making (AMM) on July 14, 2022 (UTC). And its trading pair LEVER/USDT will be available on the same day.
1. Deposit: 07:00 July 14, 2022 (UTC)
2. Withdrawal: 07:00 July 14, 2022 (UTC)
3. Trading pair: LEVER/USDT
4. Opening method: Call Auction
a. Call Auction
07:00-07:50 July 14, 2022 (UTC)
Orders can be placed and canceled
07:50-08:00 July 14, 2022 (UTC)
Orders can be placed but cannot be canceled
08:00 July 14, 2022 (UTC)
1. Earn while trading
LeverFi accepts a wide range of assets, from token majors (such as BTC, ETH, BNB) to LP assets (such as Curve-LP, Uni-LP, Cake-LP) as collateral on the platform.
2. Unified collateral
LeverFi allow users to unify their collateral one single collateral basket, and leverage trade positions with larger sizes. Cross-margin can also help to spread risks across the entire collateral basket, lowering (but not removing) the chances of liquidation.
3. Pair trading or hedging strategies
While leveraged trading is made easy for traders on LeverFi, the robust platform design means that LeverFi can support advanced traders who engages in pair trading or hedging strategies with leverage.
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
July 14, 2022