Cryptocurrencies: 3308 / Markets: 23135 Market Cap: 24h Vol:
2020-04-10 23:24:09

0x: Market share up year-to-date following maker-rebate inspired token redesign

Quick TakeThe redesign of ZRX directly incentivizes liquidity provision and ensures that tokens are held by those most invested in the future sustainability of the 0x protocolMarket makers and their respective delegators have earned over $36,000 in protocol fees since the launch of 0x v3 in December 2019, although earnings have been stifled by the slow migration of popular relayers, TokenLon and TokenTroveInitial data is positive, indicating increasing professionalization across makers and the rebate’s ability to serve as a successful volatility and latency hedge.

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