HomeCoinsAkropolis (AKRO)Vortex is Now Live on Binance Smart Chain and Arbitrum! | by...

Vortex is Now Live on Binance Smart Chain and Arbitrum! | by Akropolis | Akropolis | Feb, 2022

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Following the passing of DAO proposal AIP-013, we are excited to announce that Vortex is now live on Arbitrum and Binance Smart Chain! 🎉 Akropolis users can now access and interact with Vortex through our dApp.

Vortex is an on-chain basis trading strategy that aims to generate long-term, sustainable and rewarding returns while remaining market-neutral. It efficiently manages strategy positions to collect and compound the Funding Rate from Perpetual Contracts. Learn more about how it works here.

Users can now deposit their USDC or BUSD into the vaults in their respective networks and start earning sustainable yields without worrying about market volatility!

Be sure to connect to the correct network.

There are limitations initially to ensure the security of funds and that everything works as expected. As mentioned in our DAO proposal, these restrictions include user access, deposit limits and strategy parameters. We hope to scale beyond these limits quickly, but we believe a guarded launch is the best approach for security reasons and ensures consistency in the desired performance.

The limitation visible to all users is the deposit limit and vault limit. We expect this to scale quickly as our strategists become more comfortable. In the meantime, there is a strict limit for total deposits into Vortex:

As our guarded launch continues, we will quickly increase these limits and open access to a broader range of users. Keep an eye on our social media channels for the latest updates!

Note that Vortex will always have a deposit limit by design. Still, we plan on making this as high as possible without causing detrimental effects to our users or underlying strategies.



Read the original article here

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