Recently, Hype has been very popular, showing everyone the infinite potential of DEX. If you see decentralization too, don’t miss the entrepreneurial project of the former Binance contract head: StandX, which recently received support from the Solana Foundation.
➤ Today we will study StandX, a potential project combining "stablecoin + DEX":
StandX is a perpetual contract DEX, expected to launch in July, with a core team from Binance + Goldman Sachs, including Binance contract head AG and contract director Justin.
No VC funding at launch, the team is self-funded, very similar in temperament to Hyperliquid.
In addition to the DEX product, StandX also launched the yield-generating stablecoin $DUSD, with yields primarily derived from "staking rewards" and "perpetual contract funding rates."
➤ Worth mentioning is the no-staking mechanism for DUSD:
Holding DUSD allows users to earn annualized returns without needing to perform additional staking operations; the system automatically records and allocates returns based on the amount held, thus avoiding the complex process of "staking first and then receiving rewards."
💡 StandX has launched a pre-deposit activity for DUSD to reward early users:
Participation link: https://standx.com/referral?code=pumpman
1/ USDT minting pre-deposit DUSD, with a maximum annualized yield of 20%.
2/ Earn 1 point for each $DUSD daily.
3/ LP can earn 2.2 times points, YT can earn 1.1 times points.
1️⃣ Mint BUSD
Supports BNB Chain and Solana; I chose to operate on BNB Chain, it's very simple, minting 100u of DUSD.
2️⃣ Providing LP liquidity
To achieve the highest 2.2x points acceleration, I chose to add LP; since I chose BNB Chain, I am adding LP to Pancake.
Choosing to provide liquidity of 100 DUSD, corresponding to the need to provide an equivalent amount of USDT, after authorizing both tokens, just confirm to add liquidity.
The interaction ends here; points are linked to future airdrops, and those interested can get started.