Who says DeFi has no big opportunities? According to ASXN data, a total of over 94,000 wallets received Hyperliquid's HYPE token airdrop, with an average airdrop of 2915.66 HYPE and a median of 64.53 HYPE. Based on the current price of HYPE at 6.88 USDT, the average address received nearly $20,000 worth of token airdrops. The bull market is slowly opening up; currently, it is just a crazy bull market for exchanges and memes, while on-chain activities are still very quiet, so it would be wise to focus on on-chain early.

RateX, the world's first leveraged yield trading platform, backed by Binance and the Solana Foundation, is quietly rising. Want to seize opportunities in the crypto market? Want to share in airdrops worth millions at the earliest stage? RateX is your chance!

This is not just an ordinary DeFi protocol, but one of the most explosive star projects in the Solana ecosystem. With 10x leverage and an innovative yield trading model, RateX is redefining the boundaries of crypto asset trading. Join now to enjoy generous early bonuses and stand at the forefront of the next wave of crypto!

What is RateX?

RateX @RateX_Dex: The world's first leveraged yield trading platform (similar to Pendle, but supports leverage).

RateX protocol is built on Solana and is the world's first leveraged yield trading platform (decentralized exchange DEX), a leveraged Pendle. Earlier this year, RateX won the first prize in the 2024 Solana Renaissance MCM competition.

RateX is the world's first innovative leveraged synthetic yield trading platform, allowing users to go long or short on synthetic yield tokens (YT) with up to 10x leverage, thus efficiently benefiting from yield fluctuations. The platform not only supports leveraged trading but also integrates fixed income investment and synthetic point trading functionalities to meet the diverse needs of users, aiming to promote leveraged trading of various yield tokens with uncertain future yields.

Participation: Rz3Jk0EI

What are the core functions of RateX?

1️⃣ Leveraged yield trading: Similar to perpetual futures contracts, RateX allows users to gain exposure to the underlying assets with positions far exceeding their deposited margin. This design allows users to achieve significant returns with a small amount of capital, while also bearing corresponding risks.

2️⃣ Fixed income investment: RateX offers fixed income products suitable for users with lower risk tolerance. These products usually have stable returns and are suitable for long-term investment.

3️⃣ Synthetic point trading: In addition to leveraged yield and fixed income investments, RateX will also support synthetic point trading in the future. It will convert originally non-transferable points into tradable SPL tokens to create a whole new points market. It is also developing a multi-layer liquidity aggregator, similar to vaultka.

How to make money on RateX?

1️⃣ Bet on future yields: Earn yields through 10x leveraged trading

Example: Alice expects the yield of JitoSOL to be 9%, while the current implied yield is 6%, and the YT price is 0.015 SOL. She used 10 SOL as margin to purchase 6,666.67 JitoSOL YT with 10x leverage. When the implied yield rises to 9%, the YT price rises to 0.0225 SOL.

After closing her position, Alice earned a profit of 50 SOL, equivalent to a 500% return on her 10 SOL margin.

2️⃣ Become a liquidity provider (LP)

RateX allows users to earn extra rewards by holding yield-bearing assets. In addition to regular yields, users can also earn transaction fees and points, further enhancing overall returns.

Example: Bob deposited 1 SOL worth of JitoSOL into the JitoSOL-2510 pool as an LP and set a market-making range contract of 5%-15%. Upon expiration, Bob still held 1 JitoSOL worth 1.07 SOL (7% yield) + 20% of the transaction fees.

This means Bob's annual yield as an LP is 27%.

3️⃣ Fixed income products - Earn fixed income

Example: On June 28, 2024, Claire used 100 SOL to purchase 110 PT-JitoSOL-2506, maturing on June 28, 2025. Upon maturity, these PTs will convert to 110 SOL and can be exchanged for an equivalent amount of JitoSOL.

By purchasing PT, Claire locked in a 10% annualized yield (APY) for one year.

Why is RateX promising? What about RateX's financing and partners?

RateX recently received support from many well-known institutions in its seed round financing, including GSR, SNZ Holdings, Presto Labs, Animoca Ventures, Initial Ventures, G Ventures, KuCoin Ventures, Summer Ventures, and LeadBlock Bitpanda Ventures. These investments not only provide sufficient capital support for RateX but also bring rich resources and industry experience to help the platform's continued development and innovation.

At the same time, RateX has also received support from the Solana Foundation and Binance, winning multiple awards: it is a project funded by the Solana Foundation, the first prize of the Solana Global Hackathon MCM, and it is a winning project of Binance MVB Season 8.

Behind these innovations at RateX is a strong team of nearly 20 people, more than half of whom are developers. The three co-founders have a deep professional background and rich experience in interest rate derivatives trading, trading system development, and security. These technological innovations, unique business models, and professional team strength demonstrate RateX's enormous development potential and broad application prospects in the rapidly evolving DeFi market.

Overall, RateX is the world's first leveraged interest rate trading DeFi protocol launched on Solana. As a margin-based synthetic interest rate trading market, it not only provides similar basic functions to Pendle V3 but also has significant innovative advantages. As the world's first leveraged yield trading platform, RateX completely changes the landscape of crypto trading, directly linking traders' profits and losses to solid fundamental analysis. The platform innovatively introduces advanced mechanisms such as time-decaying AMM models, LP reserve pools, and synthetic fixed income, which can effectively reduce impermanent loss and achieve intelligent conversion from floating yields to fixed yields.

Compared to competitors, RateX has three core advantages: First, as a leveraged trading protocol, users only need to invest 10%-20% of the funds required by competitors to conduct both long and short trades; Second, for assets with low absolute returns below 20%, it can provide lower slippage; Third, as a synthetic yield protocol, it supports trading of real-world assets including native Solana assets, Bitcoin L2 yield-bearing assets, and even US TREASURY, CPI, etc.

Solana's TVL has reached $9.1 billion, and the prosperous ecosystem will certainly attract market attention to the DeFi ecosystem. RateX is a key infrastructure for the next DeFi boom, and it has great potential. At the same time, the project is also a well-known airdrop, and early participation to quickly accumulate points is still very valuable.

Participation: Rz3Jk0EI

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