Cryptocurrencies: 3308 / Markets: 23135 Market Cap: 24h Vol:
TheBlock
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.

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer