Tide Exchange
Good to know: A trusted, secure and semi-fully decentralized crypto exchange working in aggregation with AMM & Order Books. No email, no password. Login with MetaMask and start trading & investing. Simple as that! A base fee of 0.2% will be charged by the eco-system.
Introduction:
The TideX Leveraged Trading Protocol is a decentralized platform for synthetic leveraged trading that offers features such as zero impact on the price of trades, leverage of up to 150x, self-custody options, and aggregated liquidity. It also seeks to unify pooled liquidity across multiple blockchain networks to maximize capital efficiency. Traders can use the platform to open highly leveraged positions without affecting market prices, trade at the lowest cost possible, access a broad pool of liquidity and use multiple types of assets [Stables] as collateral. On the other hand, liquidity providers can use TideX to add liquidity to the protocol and receive tokens as a reward.
The Tide protocol also dynamically allocates liquidity for margin trading. Community members have the opportunity to lock in their tokens to earn additional income and rewards from the protocol. Tide is currently live on test net across multiple blockchain networks, including Arbitrum, BNB, Avalanche, Base and Optimism with future plans to expand to more networks in the future.
In enhancing its capabilities by integrating LayerZero, a cross-chain liquidity protocol, this integration is important because it allows Tide to be an omnichain DEX, providing users access to a much broader pool of liquidity across multiple blockchains.
With LayerZero, Tide is able to connect to multiple chains, including Ethereum, Binance Smart Chain, Solana and more. This allows traders to have access to liquidity and assets that were previously siloed, leading to a more liquid and efficient market. By integrating LayerZero, Tide is able to bridge the gap between different chains, allowing for cross-chain trades and giving traders the ability to access liquidity from different chains in a single platform.
This integration is particularly beneficial for traders who wish to trade assets that are not available on their home chain. For example, if a trader on the Ethereum chain wants to trade an asset that is only available on the Binance Smart Chain, they can now do so on Tide using LayerZero. This allows for a much broader range of trading options for traders and also allows for new trading opportunities to arise. In addition this integrations allows for more efficient trading and better pricing. By having access to liquidity from multiple chains, traders will have a more diverse range of options when it comes to placing their trades. This will lead to better pricing, as the market will have more liquidity and less volatility. Additionally, the integration of LayerZero will also allow Tide to attract liquidity providers from other chains, providing more liquidity to the platform.
By providing access to liquidity and assets across multiple chains, traders will have more options when it comes to trading, leading to more efficient markets and better pricing. Additionally, by connecting to more chains, Tide will attract liquidity providers from other chains, providing more liquidity to the platform. This integration is a step towards building a more efficient, liquid and accessible trading ecosystem for all.
Aggregator
The Tide Leveraged Trading Aggregator is a sub-protocol of the Tide protocol suite that addresses the challenges faced by leveraged trading protocols. With the increasing number of leveraged trading protocols available, there is a fragmentation of liquidity which leads to suboptimal utilization of funds. Additionally, cross-chain liquidity is not easily accessible and variations in pricing mechanisms and margin parameters among different protocols make it difficult for traders to access the best pricing and trading experiences.
To tackle these issues, the Tide Aggregator implements several mechanisms, including multi-protocol liquidity routing, collateralized position container, and leverage amplification. The liquidity routing mechanism dynamically routes the traders' orders to the underlying protocol that offers the best liquidity depth, taking into account the composite cost factors such as spread, slippage, price impact, and position fees.
The collateralized position container is a smart contract that holds traders' positions and acts as a buffer between traders and underlying protocols. This isolates the risks among traders and ensures safety. The leverage amplification mechanism allows traders to access leverage beyond what is offered by the underlying protocol. This is done by the Tide Aggregator providing additional margin from its own liquidity pool, which amplifies the trader's initial margin and enables the trader to access higher leverage without increasing the maintenance margin requirements.
In summary, the Tide Leveraged Trading Aggregator is a sub-protocol that aims to improve the leveraged trading experience by resolving the challenges faced by current leveraged trading protocols. By implementing mechanisms such as multi-protocol liquidity routing, collateralized position container and leverage amplification, the Tide Aggregator aims to increase the liquidity, accessibility, and efficiency of leveraged trading, while minimizing the composite cost for traders.
SWOT
Aggregated liquidity
Yes
No
No
No
Leverage boosting
Yes
No
No
No
Layer 2 scaling solution
Yes
No
No
No
Multi-chain support
Yes
No
No
No
Liquidity depth
High
Medium
Low
Low
Fiat-on-ramp
Yes
No
No
No
Payment Processor integration
Yes (Stripe)
No
No
No
Strength:
Tide offers aggregated liquidity and leverage boosting feature which is not present in the other platforms, enabling our users to access optimal trading experiences and leverage options.
We are integrating LayerZero, which will bring faster and cheaper transaction to our users, making it a more attractive option than the other platforms.
Tide is a multi-chain native protocol, which means traders can access liquidity pools across different chains which other platforms are not able to provide.
Our platform has a high liquidity depth which means traders can access to a larger order book and more liquidity compared to the other platforms.
By implementing a fiat-on-ramp solution, we will make it easier for users to participate in the digital asset market and increase the chances of mass adoption.
Integrating with Stripe enables a more user-friendly and accessible way for users to fund their accounts
Weakness:
Tide is at Alpha Testing compared to the other platforms that have already launched, which means it may not have the same level of awareness or reputation.
We don't have any partnerships or collaborations at the moment, which could be seen as a limitation by some investors
Opportunities:
Tide has great potential for growth as the DeFi market continues to expand and more traders are looking for leveraged trading options.
By developing strategic partnerships and collaborations, Tide could increase its user base and trading volume.
As more projects are launched on Layer 2, integrating LayerZero will become even more valuable for our users.
Additionally with the ability to easily on-ramp fiat into digital assets and multiple payment processor integration, Tide can attract more conventional investors into the space
Threats:
New competition may enter the market and offer similar or improved products and services.
Regulatory changes in the DeFi space could negatively impact the platform.
Lack of adoption or interest in leveraged trading among traders could negatively impact the platform's user base and trading volume.
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