Aries Markets Mainnet is Live

Published on: 29.10.2022
Aries Markets Mainnet

Aries Markets Mainnet is Live. Alongside Aptos’ Mainnet launch, they are thrilled to announce that Aries Markets will also be going LIVE.

The Mindful Journey

To get to today, we’ve gone through months of building and iteration, followed by the unveiling of our Aries Markets devnet in batches, in order to test each set of improvements in controlled environments before shipping the next.

In similar fashion, they’d like to take an iterative approach to our launch. Aries Markets will be doing a ‘soft launch’ with some training wheels (elaborated further below), keeping in mind the nascence of the Aptos network and the inherent risks of DeFi.

Security is of prime consideration at Aries Markets. They have gone through both internal and external security audits, and will be publishing a detailed article of the reports soon.

Aries Markets Training Wheels

The initial launch of Aries Markets will include the following features: Lending & Borrowing, Swap and our Global Account Management. (Note: Our trading feature will not be live immediately!)

Initial Asset Listing

Below is an initial list of assets that Aries Markets will be supporting upon launch.

  • USDC (Wormhole Bridge)
  • zUSDC (LayerZero)
  • APT
  • SOL

Aries will continue to list a wider range of assets which are secure and have stable depth of liquidity.

The Aries Swap feature will enable you to swap across assets that are listed. However, do note that liquidity for each pair varies, and one should always account for slippage and price impact!

Pool Limits

Upon launch, Aries Markets will also have a cap on total deposits for each of markets. The deposit limit of each asset pool is dictated below:

  • 4,000,000 USDC (Wormhole Bridge)
  • 4,000,000 zUSDC (LayerZero)
  • 500,000 APT
  • 10,000 SOL

When Aries Trade?

They hear you! It’ll be live as soon as humanly possible.

Go give it a shot!

  • Access the Mainnet
  • Check out our Documentation for details on Aries Markets
  • Turn on notifications on Twitter for the latest updates
  • Join our Discord, ask us anything and report bugs in #bug-reporting!
  • Share your experience on Twitter! Remember to tag us @AriesMarkets

What are they MOVEing towards?

Brief overview of our focus for the coming months, full flash coming soon!

Unveiling of Aries Markets

Unveiling the full set of features on Aries Markets, with training wheels removed!

Integration of Aries Markets with Aptos DeFi

Providing the singular best DeFi experience on Aptos. Integrating the best dApps on demand for users to tap into!

Growing Aptos DeFi

Embracing the Aptos community, Aries Markets aims to grow interest in Aptos DeFi. We will be running gamify-ed events and campaigns for all to join!

Acknowledgements

  • Thanks to the builder community on Aptos.
  • Thanks to the OtterSec team for helping us with our audits!
  • And lastly, huge thanks to the Aptos team and in particular, Austin, for coordinating all of the teams’ launch efforts!

About Aries Markets

Aries Markets a decentralized exchange built on Move. They bring you the best in DeFi, with products spanning across borrowing, lending, swapping, margin trading and account risk management all in one platform. With one unified margin account, you can earn interest on deposits, borrow from shared liquidity pools, swap, trade and access other DeFi products on Aptos with ease.

Website | Twitter |

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