Dear Cryptex Community,
We are thrilled to share some exciting news with you today. The DAO has deployed the next evolution of our platform – Cryptex v2!
Cryptex v2 is a groundbreaking decentralized perpetual markets platform that allows DeFi users to long or short the entire Crypto Market Cap with up to 20x leverage. This unique offering is built on Perennial infrastructure, powered by Chainlink's oracles, and is available exclusively on the Arbitrum network.
Our unwavering commitment to providing the DeFi community with the best experience possible has led us to the creation of Cryptex v2. We hope that this platform will significantly benefit the Arbitrum ecosystem and continue to build upon the Cryptex core mission of building a decentralized future.
Your contributions, as community members and delegates, have been instrumental in guiding us on this journey. You've helped us shape a new v2 incentive program proposal that prioritizes decentralization, user empowerment, and long-term growth. We can't thank you enough!
Here are the highlights of our v2 Incentive Program:
$50,000 CTX for liquidity incentives: In an effort to spur participation and liquidity, we'll be distributing $50,000 in CTX tokens over the next three months.
$50,000 ARB for trading rebates: To promote platform activity and ensure fair distribution, we've committed $50,000 in ARB tokens from the DAO treasury. We've set a daily cap of $555.55 to ensure the longevity and sustainability of this initiative.
We invite you to join us in shaping the future of the Cryptex ecosystem by supporting the v2 incentive program.
Looking forward to a decentralized future with Cryptex v2!
Best regards,
The Cryptex DAO