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RateX

Category: DEX, DeFI

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Overview

Total XP Rewards

80

Estimated Rewards

$10M

Funding

-

Current Stage

Season 1

Total value locked

-

Unique Users

-

Chains

chain image

Phase

Mainnet

Structure

Points based

Gas

Yes

Grade

B

Tasks

0/4

TGE

-

Type

DeFI

Confirmed

Yes

Date

5 days ago

Introduction

  • RateX is a decentralized exchange (DEX) built on Solana, specializing in leveraged yield trading. 
  • It allows users to trade synthetic Yield Tokens (YT) of various yield-bearing assets (YBA) with leverage, benefiting from yield movements in a capital-efficient way.

Tasks

task-link

Visit https://app.rate-x.io/points 

  • Connect your wallet.
  • Deposit assets (e.g., fragJTO, fragSOL, USD*).
task-link

Visit https://app.rate-x.io/liquidity 

  • Select a market and enter the amount.
  • Click Add Liquidity and confirm the transaction.
task-link

Visit https://app.rate-x.io/earn/fixed-yield 

  • Select a market and choose a maturity date.
  • Deposit assets and confirm the transaction.
task-link

Visit https://app.rate-x.io/referral 

  • Invite friends to RateX and earn commission when they trade and earn yield.

Fundamentals

  • Split Token Model: Deposits are split into Principal and Yield Tokens, enabling both fixed and variable return strategies.
  • Leverage on Yield: First platform to let users trade yield itself, with up to 10x leverage – fully built on Solana.
  • Synthetic Yield Markets: Trade synthetic tokens that mirror real-time yield from staking and lending, opening up new opportunities.
  • Auto-Rebasing Standard Tokens: Standard Tokens grow in quantity as yield accrues, making it easier to track earnings without price shifts.
  • Custom AMM for Yield Assets: A purpose-built AMM handles time decay and maturity, designed specifically for trading yield-derived tokens.
  • Risk Management: Risk is managed by automatically scaling down positions during volatility, protecting liquidity providers and the protocol.

Potential Rewards

  • Earn Rate X Points by trading, adding liquidity, and referring friends to the platform.
  • Liquidity providers enjoy 3x point multipliers, making it the most rewarding strategy for users.
  • Trading yield tokens like fragSOL or fragJTO gives up to 40x exposure and extra points.
  • Referral invites earn you bonus points when your friends start trading or providing liquidity.
  • These points could be redeemable for future RateX token rewards or airdrops.

Investors

  • Animoca Brands
  • Kucoin Ventures
  • GSR

Audit

  • Offside labs

Non-Financial Advice

  • Research:  Explore project's documentation, audits, and community.
  • Understand risks:  DeFi has vulnerabilities, market volatility, and token fluctuation.
  • Invest wisely:  Only invest what you can afford to lose.
  • Beware of scams:  Don't trust unsolicited outreach or guaranteed returns.

*ANZALI only provides suggestions and not financial advice. Use all of the information above at your own risk.

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