Gate.io Blog TripleFi, The Derivative DEX Supporting 25x Leverage, Is now live on GateChain

TripleFi, The Derivative DEX Supporting 25x Leverage, Is now live on GateChain

15 July 16:30

TripleFi has integrated with the GateChain mainnet. Users can now trade BTC, ETH, GT and more on a DEX with up to 25 times leverage.

Users can use TripleFi on GateChain to do the following things.
1. Have USDT on GateChain in your wallet.
2. Open a long or short position with leverage on any existing trading pair with USDT margin.
3. Add USDT to the liquidity pool to earn competitive yield returns.

TripleFi Introduction

TripleFi is an easy-to-use perpetual DEX supporting BTC, ETH and other altcoins. It supports up to 25 times leverage trading.

TripleFi is currently one the few derivative DEXs which can provide leverage of up to 25 times. With the special design of the pricing mechanism, TripleFi is able to expand the boundaries of derivative DEX’s with a price feed that updates in seconds.

TripleFi uses a Net-position Market Making algorithm. Currently the liquidity pool is the counterparty of the trader and bears the net position against traders' position. Future planned updates will enable an option for TripleFi liquidity pool to hedge the net position, so as to provide a relatively stable return for liquidity pool providers.

There is no orderbook, no centralized party and no central facilitator of trade. Each pool is defined by a smart contract that includes a few functions to enable opening position, adding more liquidity. The index price is from centralized exchanges or swaps and protected.

In its design, industry leading innovations like net position mechanism and automatic spread adjustments are applied to enhance the trading experience and liquidity pool returns. DeFi is an open area. Being open is our motto. TripleFi will support more crypto assets and eventually the listing process will become permission-less.

Please reach out to us to create and build together.
Website: https://triple.fi
Twitter: https://twitter.com/TripleFi_
Discord: https://discord.gg/Ar6aDuCuxY
Medium: https://triplefi.medium.com/
Telegram: https://t.me/triplefi
Github: https://github.com/triplefi
Audit: https://solidity.finance/audits/TripleFi/

About GateChain
GateChain is a next-generation public blockchain, with a focus on on-chain asset safety and decentralized trading. Its uniquely designed Vault Account is primed for handling abnormal transactions. GateChain presents an extraordinary clearing mechanism, tackling the challenges of asset theft and private key loss. Decentralized trading and cross-chain transfers are also supported, alongside other core features.

Official website: https://gatechain.io/
Twitter: https://twitter.com/gatechain_io
Medium: https://gatechain.medium.com/
Discord: https://discord.com/invite/TADecrzfcP
GitHub: https://github.com/gatechain

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TripleFi, The Derivative DEX Supporting 25x Leverage, Is now live on GateChain

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