KTX.Finance Traders Pulse đ
November 2023 Edition
TL;DR đ
- Onward and upward! $756m in total trading volume across both chains! An increase of over $200m since last month!
- $181m in volume done on Mantle this month with $47m done on BNB Chain!
- The Blindbox Rush is still going strong! Donât sleep on earning guaranteed rewards!
- In 2 days, over $70k worth of fees were earned over on BNB Chain! What happened??
- $KTC / $esKTC stakers are eating like itâs Thanksgiving dinner every day with real yield APR (in ETH) still staying over 115%! Take advantage while you still can!
- New Update! Partnerships with Solv Protocol and Polyhedra Network!
November: Chugging Along đ
After Octoberâs ferocious ending, November continued the trend set by the previous month: up and to the right!
Weâve had even more talk of ETFs, continued bullish news, and product launches all across the space! This helped bring in steady movement to the markets as BTC moved from $34k to $37k, a roughly 12% move. The other market leaders, ETH and SOL, pulled tricks from the same bag and moved less violently this month than last. That doesnât mean volatility has just dropped off however, quite the contrary. Thatâs why $KTC has still been earning the highest real yield APR in ETH out of any current PerpDex! But more on that later!
Weâve still got plenty of ongoing campaigns for you to earn rewards and even more on the way!
Weâll also speak on our continued growth on Mantle and some impressive stats on our volume on the ETH L2!
Speaking of those stats, letâs get into those now!
Platform Statistics
1) Mantle Networkđ
- November Total Value Locked: $5.6M
- 30D Trading Volume: $182M
- 30D Fees: $108k
Yes, youâre seeing that correctly. On November 27th and 28th, we did over $50M in volume! Just 2 days!
Does it mean that there is more volume coming to Mantle? Definitely.
But whatâs important is that they see KTX as the place to process that volume and thatâs A-OK with us!
This potential uptick in volume directly flows back down to our KLP and $KTC/$esKTC stakers as they continue to reap the high ETH rewards!
2) BNB Chainđ§Ž
- November Total Value Locked: $2.3M
- 30D Trading Volume: $47M
- 30D Fees: $137k
Breakdown of Fees đ§ž
Hereâs what the above fee charts are showing you:
- Fees on KTX are booming on Mantle!
- With over $25K in fees accumulated in just 2 days to help finish off the month strong!
- $72k in fees in 2 days over on BNB Chain!
- This may have lined up with the news that CZ was leaving Binance permanently and KTX turned into their swap place of choice, moving from BNB into other assets in KLP.
- This shows that KTX is the preferred place to trade the news.
- $KTC and $esKTC stakers are still earning the best pure $ETH yield, with APRs staying around 115% in real yield ETH, higher than any other PerpDEX when it comes to real yield!
- For comparisonâs sake, as of this publication $KTC is yielding 115% APR in $ETH.
This graph also shows that almost 5 times the amount of TVL in our protocol was traded in the past few days as well!
Traders have started to flock towards KTX to trade and the more this occurs, the more fees we can accrue, and that means better yield for $KTC and $KLP stakers!
Partnerships Announced! đŁ
In order to help cement our place on Mantle, and to give our users as many options as possible with their DeFi journey, weâve partnered with two fantastic teams: Solv Protocol and Polyhedra Network!
Solv Protocol đŚ
Solv Protocol is a leading decentralized, non-custodial platform for active asset management with a focus on constructing LP-centric funds to create diverse yield opportunities. Thatâs a long winded way for us to say that they help with hedging opportunities for our $KLP holders!
With their Delta Neutral KTX pool, $KLP holders can hedge against their exposure from the underlying volatility of the KLP assets like BTC, ETH, etc.
Head on over to Solvâs KTX Delta Neutral Pool and get to work on earning this yield!
Polyhedra Network đ
Polyhedra Network is building the infrastructure for Web3 interoperability with efficient zero-knowledge proof protocols. Polyhedra designs and implements zkBridge, providing trustless and efficient cross-chain infrastructures for layer-1 and layer-2 interoperability.
Weâll be utilizing Polyhedraâs zkBridge to give you guys a way to bridge $KTC from BNB Chain over to Mantle!
Just go to our bridge page on KTX.finance and select whichever chain youâre bridging to and from!
Campaignsđ
1) Trade and Earn đ
Weâre proud to be a recipient of the Mantle Ecosystem Grant and because community is everything, we want to share this success with you all!
The proceeds from this grant are used to subsidize a portion of trading costs and boost incentives for our users.
There are 4 epochs to our Trade and Earn Season and they are as follows:
- Epoch 1: 23rd Nov to 29th Nov 2023
- Epoch 2: 30th Nov to 6th Dec 2023
- Epoch 3: 7th Dec to 13th Dec 2023
- Epoch 4: 14th Dec to 21st Dec 2023
If youâre interested in seeing how you can earn from a reward pool that contains 55k $KTC, 40k $esKTC, 30k $MNT, and 25k USDT, make sure you check out the full article detailing everything about the Trade and Earn season!
2) Blindbox Rush: The Rewards Keep Going đ
The Blindbox Rush is still going strong!
Weâre seeing great participation on our end and we love seeing you guys earn some great prizes from these boxes! If you donât remember how it works, hereâs a quick primer.
Our Blindbox rush is very simple and you only have to do a few things in order to start earning points and start receiving your rewards:
- Stake $KTC and $KLP
-> The more you stake, the more you earn! - Trading Volume
-> Get that volume up and trade, trade, trade! The more volume, the more points! - Referral Trading Volume
-> Refer your friends and have a competition with them and see who can garner the most trading volume! Earn those points!
If you remember, these points can be exchanged for prize boxes like the chart below shows:
So if youâre the type of person that likes getting free stuff for things youâd be doing anyways (cause letâs be real, who doesnât wanna stake some $KTC with us and earn 100+% APR in $ETH??) then the Blindbox rush is definitely up your alley!
Get to opening those boxes and send us screenshots of your rewards!
3) Zealy Sprint đ
We started another quest adventure with the good people over at Zealy!
This time weâve got a 5-week quest based Sprint Campaign where you can complete tasks, earn XP, and get up on the leaderboard!
Top 100 positions will have $2,000 in USDT up for grabs!
Make sure you visit https://zealy.io/c/ktx to get in on the action!
4) Mantle Moonshot đ
Mantleâs Moonshot Campaign is a new campaign designed to have you participate in quests to win prizes like, exclusive KTX x Citizens of Mantle NFT Dinosaur Helmet, along with a 1 million $KTC bonus token reward!
Whatâs so special about the Dinosaur Helmet aside from looking sick ass hell? All Dinosaur Helmet holders will be entitled to an equal split of the 1 million $KTC bonus token reward!
There will be some simple social tasks to complete but the big tasks are as follows:
- Achieve a minimum leverage trading volume of $10,000.
- Stake 100 $KTC for a minimum of 4 days
- Deposit $100 into $KLP and hold $KLP for at least 4 days.
- Refer 2 friends to KTX who will have to leverage trade a minimum of $1,000 in trading volume.
- Follow our socials
Listen to the recording of the AMA hosted by Mantle where our growth lead, Derek was invited to be a panel speaker. Make sure you check out the article for the full picture on the campaign!
On the Horizon đ
So whatâs the plan for the future?
Weâve got some new things in the works and weâre very excited to get those out to you as soon as possible!
Weâre approaching the end of the year which usually means weâre due for some volatility and weâve got more trading catalysts coming next year in the form of the US elections and Bitcoin Halving event!
So if youâre looking to take advantage of those catalysts along with being a part of an up and coming L2, KTX is your place to be! Trade on our platform and earn fee rebates and any extra prizes from our ongoing campaigns!
Weâll see you out on the trading battleground soldiers!
