Introducing Tsunami Exchange – a gamified derivatives market, based on virtual AMM, that allows trading any asset – Crypto, NFT’s, Commodities (Oil, Gas, e.t.c).
Tsunami Exchange is a gamified derivatives market based on a vAMM (Virtual Automated Market Maker) concept. Therefore, it allows trading perpetual futures on Waves Protocol with leverage of up to 10. Also, due to unique properties of underlying technology it allows not only trading crypto, but also giving exposure to NFT (for example BAYC floor-price) and commodities (Oil, Gas) markets.
In addition, trading volume on various exchanges on Waves exceeds $20M per day. However, the whole ecosystem lacks an important tool – that is futures trading, that may allow users to trade with leverage and/or take short position. Without such possibility, DeFi ecosystem can not be complete.
Firtly, introducing Tsunami Exchange is to be governed by TSN token. And, TSN will be a core token, allowing users to participate in protocol fees distribution by staking TSN token. Moreover, TSN holders will have an ability to vote for core protocol decisions – including changing fees and launching new markets.
Secondly, Tsunami aims at creating the best possible UX in DeFi space. Hence, they are not only making the UI clean and easy to use, but implement gamification mechanics. By doing so, they become eligible to useful NFT rewards, that can be activated to temporary reduce fees, give access to rare NFT by leading artists and much more.
Tsunami Launch Roadmap
They will create a detail paper will all the internals and mechanisms of how an exchange will operate. Also, more details on vAMM and perpetuals!
- Incentivized Testnet
As Tsunami is a cutting-edge tech, based on the latest DeFi advancements, making it as stable as possible is a team’s first priority. So, before going mainnet they will launch a testnet, where everyone can try trading on Tsunami without risking real crypto. Also, early traders will be rewarded for their contribution to testing, finding and reporting bugs etc.
- Initial Liquidity Offering
They will bootstrap Tsunami’s TSN token liquidity and exchange’s insurance fund by an ILO
- Mainnet Launch
Mainnet will support trading crypto pairs (BTC, Waves, e.t.c).
- NFT Markets
BAYC, Punks will be available to trader (Floor price)
- Commodity markets
Oil and Gas (and possibly other commodities such as wheat or gold) will be available to trade on Tsunami.
- Leveraged liquidity providing
Users will be able to provide liquidity to exchange with leverage, amplifying their yields
- Options trading
Option trading will come to Waves Protocol
About Waves Protocol
Waves is a community-based stack of decentralized open-source technologies to build scalable, user-friendly apps.