Tsunami Exchange Accepted to Waves Camp
We are pleased to announce that Tsunami Exchange has been accepted to Waves Camp, a program that supports and launches the next generation of developers and entrepreneurs looking to build cornerstone startups to meet the needs of the growing Waves ecosystem.
The team at Tsunami Exchange includes a diverse group of individuals with expertise in development, trading, QA, and community management, among other areas. This team has come together to build a unique DeFi, noncustodial derivatives exchange on the Waves platform, allowing anyone to trade any asset, even beyond just crypto.
Through their acceptance to Waves Camp, Tsunami will receive seed funding, as well as expert support and access to a network of experienced peers. They will also have access to a range of resources and workshops to help them grow and succeed in the Web3 space.
Introducing Tsunami Exchange
Tsunami Exchange operates a DeFi, non-custodial derivatives exchange on the Waves platform, allowing anyone to trade perpetual futures on any asset, even beyond just crypto. This means that users have full control of their funds and do not have to trust a third party with their assets.
The exchange uses a Dynamic vAMM (Dynamic Virtual Automated Market Maker) model, which allows trading futures on assets beyond crypto like stock, commodity, forex, indexes, floor price of NFT collections, and many others. Tsunami also offers leveraged trading with a leverage of up to x10. This allows traders to benefit from the ability to trade on margin, without having to fund the entire notional value of the trade. Users can buy (long) or sell (short) assets, giving them the ability to benefit from the price going up or down.
The nature of markets on Tsunami also allows traders to hold directional exposure to assets without actually holding the assets themselves. For example, Tsunami offers traders an ability to hold an oil derivative allowing users to get exposure to the price of an underlying asset without having to go through a broker.
In the near future, Tsunami plans to release a 2.0 model which will introduce several innovations to the platform. This includes liquidity provision which allows token holders and liquidity providers to earn rewards for providing liquidity to the platform. This will further enhance the efficiency and liquidity of the exchange, making it an even more attractive platform for traders.
The 2.0 model will also feature an Omni-Vault design, which will provide liquidity for all markets on the platform using a single vault. This will allow Tsunami to become the most liquid product on the Waves blockchain, with up to 10 million virtual liquidity in each AMM and low price impact.
Waves Camp and Tsunami: Driving the Growth of Derivatives Trading in the Web3 Space
Waves Camp is a program that supports and launches the next generation of developers and entrepreneurs looking to build cornerstone startups to meet the needs of the growing Waves ecosystem.
Waves Camp allows select startups to receive seed funding, expert support, and access to a network of experienced peers. They also have access to a range of resources and workshops to help them establish themselves as a promising project in the Web3 space.
Derivatives trading is an essential component of the growing Waves ecosystem. Futures and options allow traders to manage their risk, speculate on the price of assets, and access liquidity in markets that may otherwise be difficult.
The market potential for derivatives trading is significant, with the global derivatives market valued at over $12.4 trillion in 2021. The introduction of decentralized finance (DeFi) and blockchain technology has the potential to revolutionize the derivatives market, providing greater accessibility, transparency, and security.
Tsunami will benefit greatly from being part of Waves Camp, gaining access to funding, support, and resources to help it succeed in the Web3 space.
Tsunami's Vision for a More Efficient and Liquid Trading Market
Tsunami's acceptance to Waves Camp is a stamp of approval and recognition of the company's potential. With the support and resources provided by Waves Camp, Tsunami is well-positioned to become a promising project in the Web3 space.
As Tsunami continues to develop and improve its platform, it has the potential to become a leading player in the Web3 space. The exchange is backed by an experienced team and supported by Waves Camp, providing it with the resources and support it needs to grow and thrive. In the near future, Tsunami plans to release a 2.0 model which will be even more effective at providing efficient and liquid trading in even the most illiquid markets.
We encourage readers to learn more about Tsunami and consider supporting the company as it continues to thrive in the Web3 space. Whether through investment or partnerships, Tsunami offers exciting opportunities for those looking to get involved in the world of decentralized finance and Web3.
With its experienced team and support from Waves Camp, Tsunami is well-positioned to become a leading player in the industry.
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