Can a DEX offer more earning opportunities for crypto owners while relieving traders from watching the market 24/7?
Yes, and that’s what is being delivered by TheTrade – an exchange that offers decentralized trading based on isolated liquidity in Uniswap v3.
New opportunities for profit
TheTrade enables DeFi traders to limit orders and trade the derivatives market with different leverage but uniquely.
Previously, when users opened limit orders on Uniswap, they had to closely watch the market and execute the order once the asset reached its price. Now, with TheTrade, order execution duties are delegated to executors. Anyone with an Ethereum account can fill the role and gain commission for their work.
Another earning possibility lies in the liquidation process. When a leveraged position gets undercollateralized, any protocol user can take on the role of a liquidator. They call TheTrade smart contract to liquidate the position and receive a generous commission.
Let’s get into more detail on how exactly both roles fit into the TheTrade ecosystem.
The role of Executor in Limit Orders
When a trader opens a position, they choose the asset they want to sell and the one they wish to receive. They also specify the price they’re ready to pay for the former. Then, the trader signs the transaction in their crypto wallet and pays for the gas and order execution fees.
Next, TheTrade smart contract places the received funds into the Uniswap v3 liquidity pool. The trader can focus on other tasks while the executor monitors the market and the process of liquidity transfer. Isn’t it powerful? Once the price of the desired asset enters the specified range and converts into another asset, they will notify the smart contract to execute the order.
After that, the asset, along with a commission for providing liquidity, goes to the trader’s wallet. And the executor receives the previously mentioned fee for order execution.
The role of Liquidator in Margin Trading
To open a leveraged position, the trader needs to provide an asset, choose a leverage option, and specify which asset they want to use to utilize market volatility. Then TheTrade smart contract adds the required amount by taking it out of the TheTrade isolated liquidity pool.
If the trader’s prediction is wrong and the market goes in the opposite direction, the position has to be liquidated. And this is where any protocol user can take on the liquidator role. They need to call TheTrade smart contract to liquidate the position.
Once the assets are swapped back, the smart contract returns the borrowed amount minus losses to TheTrade isolated liquidity pool. The liquidator receives a robust commission.
CEX-like convenience with DEX security
For a long time, centralized exchanges have been catering to all crypto traders’ wants and needs. Limit orders, multiple leverage opportunities, and full automation allowed professional market players to utilize their knowledge and experience to earn more. Yet, due to centralization, users’ funds became vulnerable to various scamming techniques. If the hacker cracked the CEX, all investors’ accounts would be at risk.
Decentralized exchanges focused on changing that by offering the crypto community total security. However, that left the development of advanced tools for professional traders for the future. But for TheTrade users, the future is already here.
“Our solution is a decentralized exchange platform that combines security, professional trading instruments, and full potential of isolated Uniswap v3 liquidity. With TheTrade, the traders won’t have to lose their time and money watching the market and the progress of liquidity transfer. They get to earn additional funds to provide their liquidity instead.
For users who want to boost their trading power, our platform offers multiple leverage options and low margin commissions” — Andrii Opanasiuk.
Benefits of using TheTrade
- Professional trading features, including automated limit orders and multiple margin trading options.
- Complete security with no risk of slippage or sandwich attacks on limit orders.
- No protocol commissions on limit orders.
- DAO solutions.
- Big investors are interested in a long-term partnership with the TheTrade platform.
Join TheTrade in transforming the DeFi industry
The initial DEX Offering is right around the corner, and the project has already secured significant investments. Hence, TheTrade developers are already working on expanding the toolkit and making it even more convenient and profitable for all users.
Are you ready to learn more about the DeFi transforming project? Explore the TheTrade website, and be one of the first to join the growing community of TheTraders!