 | Borabora DEXBorabora DEX is a decentralized self-custodial derivative exchange with multiplexing liquidity and simplifying interaction when trading. IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice. |
Overview
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OpenWhat is Borabora DEX
Borabora DEX aims to provide traders with a comprehensive set of long/short trading tools that emphasize cost savings, no arbitrage, no capital charges, and a minimal possibility of being liquidated and enable dynamic rebalance funding rate in case of contract position imbalance to fund the liquidity pool and reduce liquidity risk during market volatilities.
Borabora is a decentralized derivatives protocol. Traders can use the Borabora protocol to open long or short positions with zero price impact, up to 50x buying power, zero spread on blue-chip assets and no counterparty risks.
For traders on Borabora:
- Open positions with up to 50x leveraged and zero price impact
- Trade with optimal cost
- Trade with aggregated liquidity
For liquidity providers on Borabora:
- Supply liquidity and gain LP token
- Stake LP token to earn the income of protocol and other rewards
Borabora is currently deploying on BNB Chain, and will deploy to more chains in the future.
DetailsToken supply: 3,456,000 exBoraLegalBlockchain Platform: Binance Smart ChainRegistration year: 2022 | Token infoTicker: Bora, exBora, BFLPType: Utility-token Token standard: BEP-20 Token distribution: 80% for Block Bomb rewards 10% for community incentive 10% for core contribute |
Borabora DEX Roadmap
- Per to Pool Liquidity Supply Model Development
- Introducing Chainlink as the Core Oracle
- Fully Audit by Certik
- Beta Version 1.0 on Public
- Introducing Executor Contracts to Improve Liquidation Efficiency of Positions and Real-Time Performance
- Optimization of Rebase FundingRate Mechanism
- Optimization of Slippage Mechanism
- Fully Audit by Certik
- Beta Version 1.5 on Public
- New UI Style and Optimization of Interactive Experience
- Trading Incentive Model Version 1.0 Released（Stake Model）
- Trading Incentive Model Version 1.1 Released（Tuna Model）
- Trading Incentive Model Version 1.2 Released（BNB Model）
- Beta Version 1.5.1 on Public
- Introduction of Price Keeper Mechanism to Enrich Oracle Sources
- Introducing Price keeper vs. Chainlink Price Validity to Improve Oracle Accuracy
- Optimization of Protocol Contract Architecture to Reduce Gas by 10%
- Validation and Revision of Trading Incentive Model
- Beta Version 1.6 on Public
- Liquidity Open with Earnings for LPs
- Smart Contract Implementation and Testing of Liquidity Aggregation
- Adjusting Liquidation and Settlement Mechanism and Collecting Transaction Fees after the Transaction to Maximize the Utilization of User Funds
- Decentralized Straddle Options
- Trading Incentive Model Version 1.3 Release (NFT Model)
- Liquidity Aggregation Model Release
- Fully Optimization for Smart Contracts to Reduce Gas by 40%
- Optimization of Rebase Funding Rate Mechanism under Liquidity Aggregation
- Access to Dune Protocol
- Trading Incentive Model Version 1.4 Release (Mining Model)
- Emission and Swap of exBora Token
- 50% of Revenue Dividend for LP Pledge Revenue Item
- Re-Distribution of Protocol Revenue
- New Router Contract for Ecological Development
- Launch of New Trading Product Wiggle
- Release of Multi-Chain Liquidity Aggregation Model
- Protocol Development for LP Revenue Enhancement
- Support for Cross-Chain Multi-Asset Aggregated Liquidity Models
- License-Free Derivatives Marketplace Creation and Operation
- DAO Governance for Underlying Protocols
- Design and Governance of the Bora Token Model
- Strategic Cooperation with Other Protocols & Applications
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