Linea’s First Decentralized Perpetual Exchange: Tifo Trade Beta Version Release
Linea, an Ethereum Layer 2 public chain, recently announced the upcoming launch of its mainnet Alpha version, creating a buzz in the crypto community. As part of the Linea ecosystem, Tifo Trade, the first decentralized perpetual exchange, has also unveiled its beta version. To show appreciation for early supporters, Tifo Trade has introduced an exciting testing incentive program with over $100,000 in total prizes.
Developed by ConsenSys, Linea aims to enhance Ethereum’s scalability and efficiency with its zkEVM solution. The technology has gained significant traction, especially due to the popularity of its Metamask wallet, giving Linea a competitive edge in the Layer 2 space. Tifo Trade, as the pioneering decentralized perpetual exchange in the Linea ecosystem, has been attracting attention as well.
Tifo Trade stands out with its innovative spot pool mechanism and the ve(3,3) model, which address liquidity challenges. The platform aims to provide users with a seamless trading experience featuring zero-slippage pricing, low fees, and ample liquidity. By selling bonds, Tifo Trade raises funds and mints $TIFO, strengthening the treasury asset pool and ensuring stable liquidity. The treasury has complete control over liquidity, effectively mitigating risks associated with decentralized perpetual exchanges.
The Beta version of Tifo Trade introduces several exciting features:
– Tifo Swap: Easily trade TIFO and other mainstream cryptocurrencies through Tifo Swap.
– $TIFO Stake: Stake $TIFO to earn returns and boost yield by consuming IFO or an equivalent value of USDC.
– BOND: Purchase BOND using TIFO-USDC LP to acquire more TIFO tokens, with a release period of 5 days.
– ClaimProfit: Claim $TIFO staking rewards on the platform and accelerate earnings release by consuming $IFO for higher returns.
– IFO Mining: Invite others to stake $TIFO and receive $IFO rewards when the invitees enhance their yield by consuming $IFO.
– To encourage participation and acknowledge contributions during the testing phase, Tifo Trade has launched a testing incentive program with a prize pool exceeding $100,000. Furthermore, Tifo Trade has announced that the official version will be released soon in conjunction with Linea’s mainnet launch.
Stay tuned for more updates on the development of Tifo Trade as we anticipate delivering greater innovation and convenience to users upon the official release.
Media Contact
Company Name: Tifo trade
Contact Person: Harry
Email: Send Email
Country: Germany
Website: https://tifo.trade/
