The market is recovering strongly.

Tether and Circle, two major stablecoin issuers, increased their supply by 10 billion in 30 days. This surge in demand, driven by new funds, is viewed as a strong indication of a warming market. Concurrently, the cryptocurrency market has regained its vitality: the Bitcoin ecosystem has surged, with inscriptions, runes, and Bitcoin L2 being widely discussed. The Solana ecosystem has made a comeback, with DePIN, Meme, and DeFi flourishing in the ecosystem. Meanwhile, Ethereum continues to perform stably in the financial sector, with Restaking becoming a market focal point.

In every round of development, time is money and efficiency is life. At the moment when the market is recovering and hot spots are emerging, exchanges, as the main battlefield of transactions, need to keep pace with the times and understand user needs. If gold diggers want to fully release capital efficiency and maximize profit opportunities, they need more comprehensive, efficient and more secured trading services.

Under the catalysis of the market, Aboard, a perpetual trading platform that focuses on building low-threshold, full coverage, and high-yield, has further come into the community’s attention: As the industry’s first Omni-Chain decentralized derivatives contract project, Aboard not only provides users with deeper liquidity and higher capital utilization efficiency through all-chain aggregation, intelligent order routing functions, and smooth cross-chain designs, but also helps users obtain multiple overlapping benefits from Dex, chains, Aboard incentives, etc.

In terms of technology, Aboard is already at the forefront of technology implementation, and in terms of ecosystem construction and user experience, Aboard is still constantly exploring and optimizing to set a new benchmark for trading services. Its outstanding technological innovation capabilities and smooth user experience have attracted the attention of top VCs in the industry: As the only project deployed by the Avalanche Foundation in the field of decentralized derivatives, Aboard has received exclusive investment from the Avalanche Foundation. This investment not only demonstrates Avalanche’s high recognition of Aboard’s technology and prospects, but also brings strong ecological resources and technical support to Aboard. With the upcoming TGE of Aboard tokens, the project will also usher in a new round of rapid development.

This article aims to take a look at Aboard Exchange and explore how its highly intelligent trading services can bring multiple benefits to users while ensuring the safety of funds, and to take a peek at the development and evolution of the exchange and its future direction in this bull market cycle.

Image source: Aboard Medium

Full coverage of market opportunities: efficient all-chain aggregation to release capital efficiency

As a perpetual trading platform, Aboard focuses on the derivatives market:

On the one hand, the derivatives market itself is flexible and efficient: not only are there more diverse trading options, such as futures, options, synthetic assets, etc., but also it is possible to use less capital to control larger positions and thus obtain greater profit opportunities, and it also brings higher liquidity and trading depth. On the other hand, the current on-chain spot trading volume far exceeds the on-chain derivatives trading volume. Referring to the laws of traditional finance, derivatives are regarded as a blue ocean market with at least 20 times the potential.

As the market warms up, new and old DeFi players are paying close attention to the derivatives market. Building a user-friendly platform that covers all mainstream blockchains and multiple types of decentralized derivatives trading services is one of the features that allows Aboard to stand out.

First of all, Aboard is currently the industry’s first Omni-Chain decentralized derivatives contract project. Different from the inherent risks of centralized exchanges, Aboard further improves the security and transparency of user assets by implementing fully decentralized contract trading, making users’ crypto asset trading experience more worry-free.

More importantly, Aboard enables entry/exit of all mainstream blockchains through integrated margin and position management. Currently, it supports more than 10 popular blockchains including Arbitrum, Avalanche, zkSync Era, ZkEvm, Mantle, etc. In the future, Aboard will add support for more blockchains based on market popularity and community feedback.

Multi-chain aggregation means that the barriers between chains are strongly broken, which will bring a series of transaction experience improvements to users:

On the one hand, the smooth cross-chain experience eliminates friction and frees users from tedious cross-chain operations; on the other hand, liquidity is the core lifeline of DeFi, and the aggregation of all-chain liquidity brings together fragmented liquidity, providing users with better trading depth and better prices; in addition, Aboard aims to build a one-stop full-chain asset management service. Among the mainstream blockchains supported, users can enter Aboard from any blockchain to see all their on-chain assets, and easily manage assets through intuitive and clear pages, which greatly simplifies users’ multi-chain management operations.

Another highlight of the multi-chain support is the multi-chain margin and position interoperability mechanism: for users, the 10 U margin entering chain A can be integrated with the 10 U margin entering chain B. On April 29, Aboard announced the launch of the cross-chain combined margin function. After the launch of this function, the same wallet address deposits assets through different chains, and the trading margin will be integrated. This means that the trading behaviors on each chain will be unified: realized trading profits can be withdrawn on different chains; and realized losses or handling fees will be deducted according to the funds on the chain where the deposit is located. It not only solves the problem of on-chain fund fragmentation to a certain extent, but also improves the efficiency of fund utilization, bringing users a truly comparable trading experience to centralized exchanges in the on-chain environment.

It is worth mentioning that after months of continuous efforts, Aboard is about to achieve another project milestone and become the only Omni-Chain decentralized derivatives project in the Solana ecosystem . The integration of the Solana ecosystem also injects stronger impetus into Aboard’s future development:

On the one hand, Solana itself has a good DeFi foundation. The scalability of the underlying architecture brings more efficient transaction confirmation and lower transaction fees, which makes it easier to support the development of high-frequency DeFi. At present, Solana DeFi ecosystem has included AMM Dex, limit order book Dex, stablecoins, oracles, algorithmic stablecoins, lending protocols and derivatives. In the perpetual track where Aboard is located, Solana also has projects including Raydium, Serum, Drift, etc., but as the first full-chain perpetual Dex on Solana, Aboard is completely based on blockchain technology. Functions including order matching, asset custody, and settlement are all completed on the blockchain. It not only has higher performance and low cost, but also ensures the security, transparency and decentralization of transactions, which is more attractive to a wider range of users and developers.

On the other hand, the popularity of Solana’s ecosystem is evident. Not only DePIN and Meme, but the DeFi sector has also experienced several price increases. Recently, Solana DeFi’s Total Value Locked (TVL) reached a two-year high of US$4.5 billion. This upward trend offers users more opportunities to participate in the ecosystem and achieve substantial returns. It also builds anticipation for the upcoming integration of Aboard with Solana. Furthermore, the collaborations created by Solana’s robust ecosystem will provide a strong impetus for Aboard’s future development.

Image source: Aboard website

While providing comprehensive services, Aborad is also committed to creating efficient trading services to further achieve full coverage of market opportunities. The most outstanding performance is the support for native BTC and ETH as collateral for trading.

This means that exchanges can directly process transactions on mainstream blockchains without additional conversion or processing steps, which not only reduces the risk of security vulnerabilities that may occur in the middle link, but also reduces the user’s operation complexity and time cost, allowing users to complete deposit operations more quickly and start trading. In early April 2024, Aboard announced support for native BTC deposit transactions and accumulated earnings in USDC. Users can switch to the BTC chain through the OKX wallet and use native SegWit BTC to deposit to Aboard. The Bitcoin ecosystem is the main narrative of this round of bull market. Aboard’s support for native BTC deposits means that Aboard has introduced more Bitcoin ecosystem gold mining opportunities for users.

Image source: Twitter @AboardExchange

From DEXes and Chains to 200 million ecological incentives: multiple benefits superimposed

Human nature is to seek profit. As a trading platform, Aboard’s ultimate goal in creating a low-threshold, comprehensive, and efficient trading experience is to help users obtain higher returns. Different from the conventional profit strategies of other trading platforms, Aboard’s high-return strategy comes from the multiple profit superposition of “Dex + Chain + Aboard”.

In terms of Dex, the main revenue comes from airdrops, transaction mining, and referral incentives. Aboard uses the smart order routing function to monitor high-yield opportunities in the entire chain ecosystem in real time, providing users with a one-stop Dex revenue capture experience, especially the referral incentive program that is rarely touched by ordinary users but has rich rewards.

In terms of blockchain, Aboard will empower users with joint airdrops and other forms of cooperation with cooperative blockchains. In the past market reactions, each airdrop has attracted great attention and enthusiasm from the community: for the project side, the strength of the airdrop shows how much it values the community, and it is also an effective means of issuing chips to attract more users to participate in exploring the ecosystem; for users, not only do they like airdrops, which have the attribute of making money, but airdrops are also an important way for users to participate in valuable projects in the early stage.

Image source: Aboard Medium

On the Aboard side, revenue sources are more diverse:

On the one hand, Aboard has currently built an incentive mechanism in the form of tokens + points: public data shows that the total issuance of Aboard’s official token ABE is 1 billion, and ecological incentives account for 20% (200 million), of which up to 100 million will be used specifically for the airdrop plan to thank users and the community for their support. Such a large-scale airdrop incentive also demonstrates Aboard’s emphasis on the community and gives users more and richer profit opportunities. Before the token was officially launched, Aboard also launched a points incentive plan. As an important indicator to measure community contribution and participation, users can earn points by signing in daily, participating in transactions, etc., and the points will be linked to airdrops. In other words, the more points users accumulate now, the greater the chance of getting 100 million airdrops in the future.

Image source: Twitter @AboardExchange

Facing the future: Token TGE is coming soon, Tokenomic’s key interpretations

According to official sources, the Aboard token TGE and IDO related work are currently being prepared and are expected to be announced to the community in the second quarter of 2024. In the total supply of 1 billion ABE tokens, in addition to the 20% ecological incentive mentioned above, the specific distribution ratio of the tokens is as follows:

• Team: 15%, that is, 150 million ABE, 12.5% ​​will be unlocked every 6 months after the token TGE;
• Early investors: 15%, which is 150 million ABE, 20% will be unlocked every 6 months in the first year after the token TGE, and 15% will be unlocked every 6 months thereafter;
• Transaction mining reward: 50%, or 500 million ABE, used for liquidity mining incentives.

In terms of token utility, users holding ABE can participate in the ecosystem in depth through a variety of ways and receive richer rewards:

• Transaction Mining: Aboard allocates 50% of the total token supply to incentivize users who provide liquidity or trade;
• Staking: Holders who stake ABE tokens can receive transaction fee offsets, governance rights, and access to the Aboard ecosystem;
• Auction and destruction: Aboard DAO will regularly hold revenue auctions denominated in ABE tokens, and Aboard DAO will repurchase tokens and destroy them;
• Access to the Advisory Agreement: If the fund manager’s AUM exceeds 1 million, ABE tokens are required to be staked.

The linear unlocking mechanism for the team and early investors alleviates initial pressure on the token market. This process also showcases the token’s utility in various application scenarios, demonstrating Aboard’s commitment to deepening its long-term trading track. With an incentive ratio of up to 70%, participants are given more opportunities for profit. Stay tuned for updates if you’re interested.

In terms of blockchain and L2 integration, Aboard has completed the integration of popular L2s such as Scroll, Era, PolygonzkEVM, MantaPacific, and Mantle in the first quarter of 2024. The focus in the second quarter will be Solana. In the subsequent third and fourth quarters, Aboard will also focus on the integration of BNBChain, Ethereum, Linea, and OP.

In terms of product functions, Aboard has realized native BTC deposit transactions in the first quarter of 2024. In the second quarter, it will focus on the realization of cross-chain integration of margin and positions, cross-chain deposits and withdrawals, and other functions. In the subsequent third and fourth quarters, Aboard’s work will revolve around the release and improvement of the market module.

In terms of the integration of perpetual Dex, Aboard will integrate Aevo in the second quarter, and GMX, Vertex, GNS, and Kwenta in the third and fourth quarters.

With the launch of token TGE and IDO this quarter and the improvement of more functions, Aboard Chain will soon be available to everyone at the end of this year, aiming to more deeply integrate liquidity and release the feedback effect of token incentives on the ecology to a greater extent, bringing users a trading experience with low threshold, low cost, high efficiency and high return.

Image source: Twitter @AboardExchange

Conclusion

In the short term, 2024 is the year of the long-awaited ecological recovery, and Aboard will usher in multiple milestones in 2024, whether it is actively exploring the Bitcoin ecosystem, becoming the first all-chain Perp Dex on Solana, or the upcoming token TGE and IDO. In the foreseeable future, the community will keep an eye on the project.

In the long run, the pursuit of a more efficient, comprehensive, and profitable trading experience is an endless exploration. At the moment when the market is clearly warming up, more powerful trading services are the rigid needs of most users. We look forward to more innovations. Combined with the project’s in-depth exploration and release of capital efficiency and user benefits, we also look forward to Aboard’s more exciting performance in the future.

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