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RateX RateX is a decentralized exchange (DEX) built on the Solana blockchain, specializing in leveraged yield trading. It enables users to trade synthetic Yield Tokens (YT) of various yield-bearing assets (YBA) with leverage, allowing them to capitalize on yield movements in a capital-efficient manner.
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Leveraged Yield Trading Users can engage in leveraged trading of synthetic YTs, which represent the yield component of YBAs. The value of YTs fluctuates with changes in the annual percentage yield (APY) of the underlying assets. RateX's margin trading system allows traders to leverage their positions up to 10 times their deposited margin, enhancing potential returns.
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Yield Liquidity Mining The platform's liquidity provision mechanism enables users to deposit YBAs, generating YTs and Standard Tokens (ST) for trading using an Automated Market Maker (AMM) similar to Uniswap V3. Liquidity providers (LPs) earn yield from three main sources: - The yield generated from their deposited assets - Rebates on trading fees - Profit and loss from acting as counterparties, primarily from price differences when YTs are traded and future yield flows received from holding YTs
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Earn Fixed Yield RateX offers an "Earn Fixed Yield" feature that allows holders of YBAs to lock in future returns by converting floating yield assets into fixed yield assets. This is achieved by depositing their YBAs and selling corresponding YT contracts, effectively securing a fixed APY until the contract's expiry.
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Point program The protocol has a points program that rewards users. We all know what that means . You can earn points by using the protocol, of course liquidity providers get the most points. But the minimum to deposit is 2 SOL. When you buy fixed yield (PT) or YT, you also get points. Of course the idea here is to maximize the airdrop, and you can buy YT or PT on any of these synthetic assets, thus you will get different points. For different assets you will get different points: lrtsSOL - Solayer (4x), Adestea (2x), Sonic (1x), RateX (3x) SonicsSol - Sonic (1x), Solayer (4x), RateX (3x) USDe (Ethena) - Sats (50x), RateX (3x) sUSDe (Ethena) - Sats (30x), RateX (3x) sUSD - sUSD Solayer (1x), RateX (3x) bbSOL - RateX (1x)
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Join now. The protocol is at a very early stage, which means we have plenty of time to get the most out of it! Website https://app.rate-x.io/referral?ref=ybcl7OhR Discord https://discord.com/invite/DuhAc4UP5x X https://x.com/RateX_Dex
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