YFX announced collaboration with xDai Chain

YFX announced on Wednesday June 30, through its Twitter account, its new collaboration with xDai Chain. In addition, the company indicated that it would launch a “generous $ 60,000 YFX reward”.

La imagen tiene un atributo ALT vacío; su nombre de archivo es YFX.jpg
Image on YFX’s Twitter post

Details

The company shared some details about the collaboration and the launch of the reward:

1. Deposit of Layer2 ETH (xDai) to get 100YFX

Reward: 50,000YFX

Event Period: July 1 12:00 (UTC) – July 22 12:00 (UTC)

Rule:

1. Deposit ETH via cross chain or xDai layer 2, valid deposit USDT or USDC ≥1,000 USD and complete ≥2 open positions or add liquidity of the corresponding trading pair to receive 100 YFX rewards.

2. Valid deposit: during the event period, the total number of deposits – the total number of withdrawals (the amount of USDT deposited + the amount of USDC deposited – the withdrawal of USDT – the withdrawal of USDC).

3. Method: Deposit ETH via cross chain or deposit via xDai layer2.

4. There are only 500 venues for the event.

5. The list of valid deposit addresses will be announced after the end of the event, and YFX rewards will be issued within 72 hours after the end of the event.

Also read: UNION announced partnership with Lao Zi

2. Layer 2 ETH (xDai) Perpetual Contract Trading Competition

Reward: 10,000 YFX (ranking rewards and lucky rewards)

Event Period: July 1 12:00 (UTC) – July 22 12:00 (UTC)

Rule:

1. We will reward the account that earns the most and the one that loses the most with the YFX token.

2. We only calculate the open position during the event.

3. The ranking is updated every minute and is calculated in real time according to the USD value of the token.

4. Trading pair:

ETH (xDai): BTC_USDT (USDT cleared), BTC_USD (USDC cleared), ETH_USD (USDC cleared)

5. Range (YFX): 9,000

• 1st place: 3,000

• 2nd place: 2,000

• 3rd place: 1,000

• 4-10: 100 each

• Last place: 1,000

• 2nd last: 800

• 3rd last: 500

6. Lucky Reward: 8th, 18th, 28th, 38th, 48th place will divide 1,000 YFX equally. If there are less than 5 lucky winners, the rewards will be split evenly based on the actual lucky winners.

7. Rewards will be issued within 72 hours after the end of the event.

About YFX

It is a decentralized cross-chain perpetual contract platform based on Ethereum, Binance Smart Chain, Huobi Ecological Chain, TRON, OKEx public chain, and Polkadot. YFX provides up to 100 times the perpetual trading contract for BTC, ETH and other assets.

“Unlike the common automatic market maker (AMM) model, YFX.COM adopts the QICAMM market maker group trading method to provide users with high liquidity and low trading slippage. YFX.COM has successfully supported layer2’s perpetual contract trading function. The objective of YFX.COM is to build a DEX that can compete with the CEX in the derivatives trading arena”, he specified in an article published on Medium.

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