Cointime

Download App
iOS & Android

HashKey Exchange will launch market maker project to incentivize liquidity providers

On December 5th, HashKey Exchange announced the official launch of the market-making project from 2:00 pm on December 28th, 2023, to provide liquidity to the platform through rewarding and incentivizing users. The program is open to enterprise or individual PI users, and applicants need to submit detailed information to HashKey and pass the review. HashKey provides different levels of negative hanging order fee incentives for market makers, determined by monthly average weighted depth ranking and monthly Maker trading volume ratio.In addition, users who become market makers before February 28th, 2024, can enjoy Tier 1 trial rates.

Comments

All Comments

Recommended for you

  • Interpol Nigeria boosts cybersecurity with virtual asset training

    The training will enable officers to effectively address cybercrimes involving virtual assets, particularly stablecoins.
  • JPMorgan’s Onyx to industrialize blockchain PoCs from Project Guardian

    Traditional firms like JPMorgan and WisdomTree are seeking to turn Project Guardian’s blockchain proofs-of-concept into scalable financial products.
  • Franklin Templeton CEO says all ETFs and mutual funds will be on blockchain

    She also warned that generative artificial intelligence was like the “kid that got an ‘F’ in math.”
  • OKX Ventures invests in Web3 ‘play ARPG to train AI’ game Blade of God X

    The game is currently available in early access on the Epic Games Store.
  • Bitcoin volatility plunges below Tesla, Nvidia stocks amid $100K price prediction

    Lower Bitcoin market volatility often precedes significant bull runs, suggesting that the current trend could propel prices toward the $100,000 to $150,000 range.
  • State of Venus Q1 2024

    Venus (XVS) is a decentralized finance platform built on the BNB chain, offering a robust money market protocol for the crypto community. At its core, Venus enables users to deposit various cryptoassets, which can then be borrowed. Venus employs a unique algorithmic approach unlike traditional financial systems, where central entities often set interest rates. The interest rates for borrowing and lending on Venus are dynamically adjusted based on a jump rate model and whitepaper rate model. These models leverage the utilization ratio, which is the proportion of deposited assets that have been borrowed.
  • State of Aptos Q1 2024

    Aptos (APT) is a Layer-1 blockchain designed around the core tenets of scalability, safety, reliability, and upgradeability. Aptos was born out of Meta’s Diem and Novi projects, eventually launching in October 2022. Core developer Aptos Labs raised about $400 million in two 2022 private investor rounds.
  • Tether: Deutsche Bank’s analysis lacks clarity and substantive evidence

    According to a report on stablecoins released on May 7, Deutsche Bank analyzed 334 currencies linked to stablecoins and found that 49% of stablecoins had failed during their median lifespan of about eight to ten years. The analysts concluded that most anchored assets in the cryptocurrency field will experience significant "turbulence" caused by speculative sentiment and ultimately suffer some form of decoupling event. Deutsche Bank analysts also pointed out that Tether's reserve transparency was lacking and described the company's solvency as "doubtful".
  • MakerDAO: DAI supply increased by $1 billion in the past two months

    MakerDAO stated on X platform that the supply of DAI increased from $4.4 billion to $5.4 billion within 60 days. In addition to the growth in supply, DAI set a new record in April with on-chain transaction volume reaching $636.72 billion. The Dai Savings Rate (DSR) also showed positive momentum, steadily increasing over the past few months with total deposits exceeding $2 billion last week.
  • US SEC submits final response in Ripple case relief phase

    Ripple Labs and the US SEC have made new progress in their legal battle, with the SEC submitting its final reply in the remedies phase of the lawsuit. In response to the recent brief on remedies, the SEC questioned Ripple's claim that the blockchain startup's behavior was not reckless, despite the court previously rejecting this "fair notice" defense, but Ripple's legal status should not have "broad uncertainty". The SEC also questioned whether Ripple might maintain its original position in the future, although Ripple has not violated any rules since the XRP lawsuit was launched in 2020. According to the remedy brief, Ripple attempted to downplay its responsibility while emphasizing its cooperation with the SEC since the XRP ICO in 2013. However, the SEC emphasized that under the law, even if Ripple has not engaged in any violations since 2020, the next violation is still expected to be possible. (Cointelegraph)