dFuture V2 has been launched for a period of time, when we have received positive feedback from many community friends. For example, many users said, “the rate of return is indeed very tempting. I feel optimistic about it. I intend to ask my friends around to make money together”. Some users said that they are very interested in the broker system that we will launch soon and are willing to try and exert their influence to drive more friends around to join dFuture, so as to grow together with our platform...
Up to now, the number of dFuture users has exceeded 70,000, and is still growing. We are very happy and honored to win the trust and support of so many users. This also urges us to keep in mind our original intentions and develop the best decentralized derivatives exchange, so that more users can obtain greater stable income from dFuture to realize financial independence.
At the same time, we have also noticed that many new friends still have certain questions about dFutureV2, so today we will systematically explain to you the specific upgraded contents of V2, the benefits that will be brought about to users, and our next marketing plan, so that you can better understand dFuture V2.
What upgrades have been made to dFuture V2?
At the 7th Global Blockchain Summit hosted by Wanxiang Blockchain Labs at the end of October, Ethereum founder Vitalik Buterin gave a speech with the topic of The Road to Ethereum Centered on Layer 2, and spoke bluntly that Layer 2 would be the future of Ethereum expansion, which boosted Layer 2 popularity to a new high.
As another decentralized derivatives exchange fully deployed on Layer 2 after dYdX, dFtuture has made preparation for this launch for nearly 10 months. In order to smoothly connect the Ethereum ecosystem and provide users with smoother and more secure trading experience at a lower cost, systematic upgrades and changes have been carried out for V2 on the basis of V1 in the aspects such as the dividend mechanism, the trading mechanism, the liquidity mechanism and the economic system, which are mainly introduced below:
Dividend mechanism:
The V2 version cancels the original invitation rebate function, and instead introduces the role of a broker. People who meet different conditions can become brokers of different levels. Brokers can get 40%-85% commission rebates by driving users to trade on the dFuture platform, and the remaining 60%-15% of the procedures The fee will be evenly distributed to DFT mortgagers and second pool mortgagers. By introducing the role of a broker, we can fully mobilize the influence of contract KOLs, give play to the value of KOLs taking the lead, and bring more users and trading volume to dFuture.
It should be noted that because the broker system requires corresponding system development, it will be gradually launched after the version runs stably on Layer 2. In addition, since it is very difficult to attract traditional contract traders to trade on dFuture if the trading speed cannot compete with that of centralized exchanges, the stable operation on Layer 2 is currently the first priority.
Trading mechanism:
The V2 version has replaced the bottom pair of contract trading, from the original USDT to USDC. As we all know, USDC is issued by Circle. Circle is the company with the largest number of licenses in the crypto asset industry. It currently has payment licenses in the U.S., U.K., and the European Union, and therefore has a compliance channel for the three mainstream currencies of U.S. dollar, British pound and Euro to enter and exit crypto assets. It is worth mentioning that USDC is not only a native token of the Ethereum network, but also a legal stable currency directly linked to the U.S. dollar. USDC's assets are under bank custody, and banks have higher regulatory requirements and assets are more secure.
At the same time, the V2 version has also selected trading pairs with better trading depth on the Ethereum main network, which can provide traders with a safer and more reliable trading environment.
Liquidity mechanism:
The V2 version increases the upper limit of the liquidity share of the platform, the purpose is to provide users with better and fairer trading prices, provide a more stable market, and create a safer trading environment for users. It is worth noting that the user can release the liquidity share at any time after obtaining the liquidity share, and the release requires a 0.5% handling fee. The handling fee will be charged in the form of USDC and automatically allocated to other current liquidity providers that have not withdrawn.
Economic system:
Total adjustment: The V2 version has been upgraded in terms of economic system. Heco and BSC issued a total of 400 million DFTs. It is estimated that 70 million DFTs will be transferred from Heco and BSC to Ethereum issuance. After adjustment, the amount of DFT on the Heco chain is 130 million, the amount of DFT on the BSC chain is 130 million, and the amount of DFT on the Ethereum chain is 1.4. 100 million.
Output halved: After DFT is allocated to the Ethereum chain, the DFT output speed equivalent to 3 chains has increased. In order to roughly match the output speed of competing products, we propose to reduce the DFT output from the original 3.75 is reduced to 1.875, which means that each chain produces 54,000 DFT per day.
Ethereum DFT distribution:
Non-mining part (pre-allocation)
10% will be linearly release to investors in 12 months from October 1, 2021
10% will be linearly release to the team in 24 months from October 1, 2021
5% will be used for airdrop
5% for the community treasury
The mining part
35% will be for trading mining. DFT can be obtained by contract trading of opening positions and closing positions on dFuture.
17.5% will be for LP liquidity mining. DFT can be obtained by staking USDC to provide trading liquidity on dFuture.
17.5% will be for secondary-pool mining. DFT can be obtained by providing DFT-USDT trading pair on sushiswap to perform secondary-pool mining.
What can our users benefit from our deployment on Layer 2?
As the popularity of liquidity mining continues, great Ethereum congestion and high gas fees have become problems troubling more and more users. Through deployment on Layer 2, dFuture can fundamentally solve the two major issues troubling users for a long time, as well as bring the following benefits:
There is never an end to progress. For us, there is still no end continuing to provide users with services of higher quality at a higher level. In the future, dFuture will continue to deeply develop in the industry to improve our products and bring more and better benefits to our users.
Up to now, the number of dFuture users has exceeded 70,000, and is still growing. We are very happy and honored to win the trust and support of so many users. This also urges us to keep in mind our original intentions and develop the best decentralized derivatives exchange, so that more users can obtain greater stable income from dFuture to realize financial independence.
At the same time, we have also noticed that many new friends still have certain questions about dFutureV2, so today we will systematically explain to you the specific upgraded contents of V2, the benefits that will be brought about to users, and our next marketing plan, so that you can better understand dFuture V2.
What upgrades have been made to dFuture V2?
At the 7th Global Blockchain Summit hosted by Wanxiang Blockchain Labs at the end of October, Ethereum founder Vitalik Buterin gave a speech with the topic of The Road to Ethereum Centered on Layer 2, and spoke bluntly that Layer 2 would be the future of Ethereum expansion, which boosted Layer 2 popularity to a new high.
As another decentralized derivatives exchange fully deployed on Layer 2 after dYdX, dFtuture has made preparation for this launch for nearly 10 months. In order to smoothly connect the Ethereum ecosystem and provide users with smoother and more secure trading experience at a lower cost, systematic upgrades and changes have been carried out for V2 on the basis of V1 in the aspects such as the dividend mechanism, the trading mechanism, the liquidity mechanism and the economic system, which are mainly introduced below:
Dividend mechanism:
The V2 version cancels the original invitation rebate function, and instead introduces the role of a broker. People who meet different conditions can become brokers of different levels. Brokers can get 40%-85% commission rebates by driving users to trade on the dFuture platform, and the remaining 60%-15% of the procedures The fee will be evenly distributed to DFT mortgagers and second pool mortgagers. By introducing the role of a broker, we can fully mobilize the influence of contract KOLs, give play to the value of KOLs taking the lead, and bring more users and trading volume to dFuture.
It should be noted that because the broker system requires corresponding system development, it will be gradually launched after the version runs stably on Layer 2. In addition, since it is very difficult to attract traditional contract traders to trade on dFuture if the trading speed cannot compete with that of centralized exchanges, the stable operation on Layer 2 is currently the first priority.
Trading mechanism:
The V2 version has replaced the bottom pair of contract trading, from the original USDT to USDC. As we all know, USDC is issued by Circle. Circle is the company with the largest number of licenses in the crypto asset industry. It currently has payment licenses in the U.S., U.K., and the European Union, and therefore has a compliance channel for the three mainstream currencies of U.S. dollar, British pound and Euro to enter and exit crypto assets. It is worth mentioning that USDC is not only a native token of the Ethereum network, but also a legal stable currency directly linked to the U.S. dollar. USDC's assets are under bank custody, and banks have higher regulatory requirements and assets are more secure.
At the same time, the V2 version has also selected trading pairs with better trading depth on the Ethereum main network, which can provide traders with a safer and more reliable trading environment.
Liquidity mechanism:
The V2 version increases the upper limit of the liquidity share of the platform, the purpose is to provide users with better and fairer trading prices, provide a more stable market, and create a safer trading environment for users. It is worth noting that the user can release the liquidity share at any time after obtaining the liquidity share, and the release requires a 0.5% handling fee. The handling fee will be charged in the form of USDC and automatically allocated to other current liquidity providers that have not withdrawn.
Economic system:
Total adjustment: The V2 version has been upgraded in terms of economic system. Heco and BSC issued a total of 400 million DFTs. It is estimated that 70 million DFTs will be transferred from Heco and BSC to Ethereum issuance. After adjustment, the amount of DFT on the Heco chain is 130 million, the amount of DFT on the BSC chain is 130 million, and the amount of DFT on the Ethereum chain is 1.4. 100 million.
Output halved: After DFT is allocated to the Ethereum chain, the DFT output speed equivalent to 3 chains has increased. In order to roughly match the output speed of competing products, we propose to reduce the DFT output from the original 3.75 is reduced to 1.875, which means that each chain produces 54,000 DFT per day.
Post automatically merged:
Ethereum DFT distribution:
Non-mining part (pre-allocation)
10% will be linearly release to investors in 12 months from October 1, 2021
10% will be linearly release to the team in 24 months from October 1, 2021
5% will be used for airdrop
5% for the community treasury
The mining part
35% will be for trading mining. DFT can be obtained by contract trading of opening positions and closing positions on dFuture.
17.5% will be for LP liquidity mining. DFT can be obtained by staking USDC to provide trading liquidity on dFuture.
17.5% will be for secondary-pool mining. DFT can be obtained by providing DFT-USDT trading pair on sushiswap to perform secondary-pool mining.
What can our users benefit from our deployment on Layer 2?
As the popularity of liquidity mining continues, great Ethereum congestion and high gas fees have become problems troubling more and more users. Through deployment on Layer 2, dFuture can fundamentally solve the two major issues troubling users for a long time, as well as bring the following benefits:
- Lower trading fees: As Layer 2 can greatly improve scalability, dFuture can surrender part of profits to traders by comprehensively lowering trading fees. It should be particularly noted that dFuture charges taker service fees at the rate of five ten thousandths, which is far lower than the rates charged by similar products such as dYdX. It can be said that dFuture is a contract trading exchange charging the lowest trading cost in the entire network.
- More stable income: As shown by the latest data released by L2BEAT, the Total Value Locked of Arbitrum has reached USD 2.29 billion, accounting for 60.36% of the Total Value Locked of Layer 2. As a decentralized exchange deployed on Arbitrum which is a Layer 2 solution on Ethereum, dFuture has unique advantages, greater development momentum and broader future market. Users will also gain long-term stability along with the growth of dFuture.
- More frequent trading: Based on Arbitrum technology, dFuture can meet the needs of trading more frequently to provide users with better trading experience.
- More secure trading environment: Because we adopt a fraud protocol, the user can roll back a transaction in case of any dispute arising during the transaction, which effectively guarantees the security of funds.
- A more perfect trading ecological chain: At present, dFuture has officially completed the ecological deployment on BSC, Heco and Ethereum, and completed the cross-chain of platform assets between Binance Smart Chain (BSC) and Huobi ECO Chain (Heco) to realize asset inter-connection. In the future, dFuture plans to connect ecosystems of the three major public chains to provide users with simpler and more convenient trading experience.
- Faster trading experience: Through this upgrade, dFuture has completed deployment on Ethereum. At the same time, relying on the Layer 2 technology of Arbitrum, contract trading carried out on dFuture will no longer be limited to the technical limitation of 3-second block generation, and the trading confirmation time is increased from the original 3 seconds to milliseconds, so that users will not perceive the transaction confirmation time at all. The trading process will be as smooth as the process provided by decentralized exchanges.
- Completely real-time quote: The launch of the V2 version has greatly improved the functions of dFuture. External quotes will be completely real-time, and traders can trade based on real-time prices.
There is never an end to progress. For us, there is still no end continuing to provide users with services of higher quality at a higher level. In the future, dFuture will continue to deeply develop in the industry to improve our products and bring more and better benefits to our users.