🚀 Aark Digital: Revolutionizing DeFi for Professional Traders 🚀
🚀 Let's dive into key features and potential of #AARK in this captivating thread! 🧵👇
1️⃣ Introduction and Overview: Aark Digital is the world’s first Leverage Everything Perpetual DEX designed for professional traders and liquidity providers (LPs) on the Arbitrum network. Its vision combines the best of decentralized exchanges (DEXs) and centralized exchanges (CEXs), aiming to amplify stETH yields without gas fees or open interest caps. Aark brings all on-chain assets into a single liquidity pool, providing an unprecedented leverage experience.
2️⃣ Technology and Features: Aark leverages Arbitrum’s scalability to allow over ten times the open interest (OI) relative to its total value locked (TVL). This scalability advantage results in higher returns for LPs and fosters a positive feedback loop, attracting more participants. Additionally, Aark offers gasless trading, low slippage, and a reflective market maker (RMM) simulating CEX order books for a liquid trading experience.
3️⃣ Whitepaper Analysis: Aark integrates LRT assets to enhance liquidity for perpetual traders. It provides delta-neutral yields for LRTs, calculated in US dollars. LPs can earn fees by providing stETH collateral without borrowing fees. Aark’s synthetic leverage allows LPs to boost yield up to 5x. LP rewards are distributed in 100% USDC, offering customizable real yields.
4️⃣ Use Case: $AARK serves as the governance and utility token within the Aark ecosystem. Holders enjoy benefits and participate in shaping the platform’s future. Traders can buy and trade $AARK on centralized and decentralized exchanges.
5️⃣ Team and Leadership: Aark’s team includes experts in DeFi, blockchain, and liquidity management. While information about specific team members are not available.
6️⃣ Partnerships: Aark has secured funding and partnerships, demonstrating confidence in its vision and technology. Their Pre-Seed funding was led by Delphi Digital, with participation from OKX Ventures and Big Brain Holdings.
7️⃣ Security and Audits: Aark Digital's mission is to build a safe DeFi space with unlimited potential. To reinforce user safety, Aark Digital has already completed two rounds of audits hosted by Hacken and Secure3. Aark Digital is using Gnosis Safe to manage authorities upgrading contracts. Both Proxy Admin and Logic Admin are handled via Gnosis Safe, which means there will be multiple signings needed for admin's every single action.
8️⃣ Tokenomics: Total supply: 1 billion $AARK tokens. Circulating supply: 69.41 million $AARK tokens.
9️⃣ Exchanges: $AARK can be traded on various exchanges, including Bybit, Gate.io, Bitget and Uniswap V3.
🔟 Recent Developments: Aark recently raised $6 million in funding to accelerate LRT liquidity integration for high-leverage trading. And also get listed on top tier exchanges in June 2024.
1️⃣1️⃣ Conclusion: Aark Digital aims to revolutionize DeFi by bridging the gap between DEXs and CEXs, offering innovative features and scalability. As the project evolves, monitoring its progress and community engagement will be crucial for investors and traders.
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