Merkle Trade, the first gamified Perp DEX on Aptos, launches innovative token participation mechanism
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Merkle Trade, the first gamified Perp DEX on Aptos, launches innovative token participation mechanism
Merkle Trade now introduces an innovative token participation mechanism that uniquely combines Genesis Staking with a Liquidity Bootstrapping Auction (LBA).
Navigating Web3 tides with focused insightsAuthor: Merkle Trade
Translation: TechFlow
Merkle Trade is the first gamified perpetual contracts decentralized exchange (DEX) built on Aptos, a secure, scalable, and feature-rich Layer 1 blockchain. Merkle Trade is now launching an innovative token participation mechanism that uniquely combines Genesis Staking with a Liquidity Bootstrapping Auction (LBA). Backed by prominent investors including Hashed and Arrington Capital, and building on the success of its Genesis Staking that began on July 25, Merkle Trade will conduct its LBA from August 29 to September 5.
The LBA will offer early users exclusive USDC rewards for long-term staking. Merkle Trade stands out by providing an accessible and enjoyable trading experience for everyone, including amateur traders. Users can start trading perpetual contracts with just $2 in margin, enjoy zero-fee trading, and benefit from a seamless user experience with one-click trading—no repeated signing required. This focus on user-friendly features has driven rapid growth, with Merkle Trade achieving over $12.9 billion in cumulative trading volume and attracting more than 124,500 traders, making it one of the top revenue-generating protocols on Aptos.
Building on this momentum, the project has introduced a unique, innovative token participation model combining Genesis Staking and a Liquidity Bootstrapping Auction (LBA), offering users different ways to engage with the platform. These options are designed to benefit both existing and new users, providing diverse strategies to obtain MKL tokens, manage positions, and earn additional rewards.
Genesis Staking allows preMKL holders to retain their MKL tokens while earning USDC rewards. These rewards come from a portion of protocol revenue and include access to a special bonus pool offering up to $200,000 in additional benefits. An impressive milestone has already been reached—over 3 million preMKL tokens have been staked, with an average staking duration exceeding 20 weeks, representing over 22% of the circulating supply at token launch.
Liquidity Bootstrapping Auction (LBA) offers both existing and new users the opportunity to deposit USDC and/or preMKL over a 7-day period. During this time, the ratio between these two assets will determine the initial price of MKL tokens. In return, participants receive MKL-USDC LP tokens, which entitle them to dual rewards: a share of 1% of the total MKL supply and trading fees generated by the pool.
Participants are encouraged to carefully assess their financial goals and the unique benefits of each option within the token participation mechanism. Both Genesis Staking and the LBA are designed to provide valuable investment opportunities, allowing users to choose the path that best aligns with their individual objectives. To help users make informed decisions, the team has released a $MKL TGE Cheat Sheet, offering clear and concise guidance to help users navigate these options.
For more details and updates on how to participate in the LBA, stay tuned to Merkle Trade’s official channels (X, Discord, dApp).
About Merkle Trade
Merkle Trade is the first gamified perpetual contracts decentralized exchange (DEX) built on Aptos. It offers cross-chain support, including EVM wallet integration via LayerZero. Backed by renowned investors such as Hashed and Arrington Capital, Merkle Trade uniquely combines a high-performance, secure perpetual DEX with interactive social elements inspired by popular online and RPG games. The platform believes directional betting on volatile assets like cryptocurrencies should be fun and accessible to all, significantly lowering the barrier to entry for crypto trading.
About the Aptos Network
Aptos is the secure, scalable, and feature-rich Layer 1 blockchain of choice for developers and users, delivering best-in-class performance, highest throughput, and lowest latency. As the first blockchain built using the Move programming language, Aptos is designed for optimal builder experience with a focus on simplicity. Aptos is the go-to platform for next-generation use cases, real-world applications, and the millions of users they bring. If something is happening in Web3, it's happening on Aptos.
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Name: YK
Title: Chief Operating Officer
Email: yk@tauruslabs.xyz
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