Article Summary, Automatically Generated By AI
Summary of Onchain Trade
- OT is the utility and governance token of Onchain Trade protocol.
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Key features:
- Single token liquidity provision with 2x deeper liquidity.
- Borrowing from same swap pools with higher APR for LPs.
- 100% collateralized stable coin (OSD) with higher capital efficiency than MakerDAO.
- 0 slippage on-chain perpetual trading.
- Revenue sharing with token holders.
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Figures mentioned:
- 2x deeper liquidity.
- 150% global collateral ratio (MakerDAO).
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About Onchain Trade
Onchain Trade is a pioneering digital asset trading platform that empowers users to navigate the vast expanse of cryptocurrency markets with confidence and precision.
OT is the utility and governance token of the Onchain Trade protocol. Notably, it offers several distinct advantages: Firstly, single-token liquidity provision enables the same amount of tokens deposited to OT pools to achieve 2x deeper liquidity compared to other Uniswap V2-like pools, a characteristic prevalent among most DEXs on Aptos, which are typically simple Uniswap V2 types. Secondly, it allows borrowing from the same swap pools, thereby providing significantly higher APR for LPs. Thirdly, we introduce a 100% collateralized stablecoin, OSD, which boasts greater capital efficiency than MakerDAO-type DAI, requiring a 150% global collateral ratio, and is secure in the sense that OSD is backed, unlike UST-type Ponzi-based models. Fourthly, it facilitates 0-slippage on-chain perpetual trading. Lastly, it enables revenue sharing with token holders.