๐Ÿ‰ Crypto Linn
๐Ÿ‰ Crypto Linn

@crypto_linn

10 Tweets Apr 08, 2023
Sounds like a supervillain but in reality is closer to a superhero: @LexerMarkets
100x decentralized Perps trading on crypto, forex, NFTs and indices
But wait, Linn, didnโ€™t you say Leverage Bad? Nooo, Linn say most people lose money trading leverage, and it is why I love GMX
Highly profitable to own part of the Houseโ€ฆ
Bullet point time:
- Lexer Markets uses an Oracle-based Settlement Algorithm for settling trades based on on-chain oracles like Chainlink
- This approach has advantages over traditional models such as reserve of liquidity in CFMM and liquidity depth in order-books, including no price impact, low to zero slippage, instant settlement, capital efficient LPing, and enabling markets without a physical inventory
- However, challenges such as oracle manipulation and front-running attacks exist, along with the need for advanced risk management for LPers
- Lexer Markets overcomes these challenges with its Hybrid Liquidity Engine (HLE), which combines the strengths of those three liquidity models into a single trading platform
- The Smart Router (SR) is capable of making decisions on the best way to route trades into liquidity engines to optimize efficiency and performance
- This routing technology allows traders to have a better experience with deeper liquidity and for LPers to have more flexibility and can earn higher real yield opportunities without impermanent loss
- Both trade and LP positions will be ERC-721 NFTs, allowing for multiple cross-margin positions across wallets and transferable positions
- Protocol revenue for Lexer Markets is split with 70% going to LPers and 30% going to $LEX stakers in $ETH
- The IDO for $LEX will be on a Camelot, although details are not yet availableโ€ฆyet
Linn likes Lexer but also likes to get paid (cause not a commie) so messaged Lexer and said yo Lexer pay me and Lexer did so this is a paid thread but only cause Lexer didnโ€™t know Linn would do it for free (sorry Lexer ๐Ÿ˜ญ)
Linn probably going to buy $LEX with it tho

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