With the recent surge of interest in perpetuals protocols, we wanted to make it easier for everyone to take on higher leverage positions and maximize their gains.
So for the next $10m in eligible volume, Tonic DEX will now be offering FREE trades for eligible positions on perps!
Trade perps here
- The position must have a minimum collateral of $100.
- The position must move at least 5% in net value.
Higher leverage = Faster moves + Less Collateral
What’s the catch?
No catch! This move comes as part of Tonic’s ongoing mission to create a more accessible trading ecosystem. We also wanted to remove barriers for new traders to try perps.
By removing the fees, it’ll be easier for everyone to take full advantage of the benefits of perps, regardless of their level of experience or the size of their trading capital.
So whether you think this is a bull trap or the beginning of the next cycle, we’ve got you covered to play the market.
How will this work?
Tonic DEX will be rebating the fees to all eligible positions at the end of each day. Doing this daily will ensure that all traders will receive their rebates a timely and consistent manner.
It is important to note that while the position fees will be rebated once a day, users will still be responsible for paying any fees associated with their positions at the time they are taken.
In addition to removing the fees on perps, the Tonic team is continuing to work on other initiatives to improve the trading experience for its users.
These include improvements to the user interface, the introduction of new trading pairs, and ongoing efforts to increase transparency and security on its platform. Stay tuned for more updates!
You can trade perps now at the following link: https://perps.tonic.foundation/
Tonic is a fast, permissionless decentralized exchange built on NEAR. Tonic aims to bring the speed and convenience of centralized exchanges to NEAR while being fully decentralized. Our mission is to build an open protocol for trading on NEAR, owned and operated by the community.
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