I'm asked about points a lot. There’s a reason why we haven’t launched an incentive program yet. We are the first to build a fully onchain EVM orderbook that can actually compete in performance with centralised exchanges. I have deep conviction that atomic composability and fully programmable books will be a game changer, and is potentially the missing link holding onchain spot back. However, with any new innovation there comes challenges and risks, and many of those are unknown unknowns. We are realistic about this. We aspire to build a world-class venue, but that will take time. Much to the frustration of our growth team, I’ve been adamant that we cannot launch an incentives program until we’ve reached some very important product milestones. If we’re fuelling the engine, it must perform. Milestone 1: Core features live and stable Onchain reduce-only GTC was a particularly curly one, but we got it live and it’s been in use for over 4 weeks. We launched with TPSL, and we had some early stability issues. Thanks to improving liquidity, latency and adding retries, TPSL is much more stables. Netted-margining is the last key core feature I had on my list. This allows for better capital efficicency when quote both sized of a book. This is will go live this week. Milestone 2: Listing engine Listing in an operational art form. The goal we set: the top 10 crypto assets and our first RWA listings. RWAs are the direction we want to focus, and the first listing is the hardest, particularly given we’re bootstrapping liquidity in-house. I’m excited to share, RWAs will be live on RISEx this week! Milestone 3: Public XLP vault and quality liquidity Early on we made the tough decision to bootstrap liquidity on the venue ourselves. At the end of the day, liquidity is the product, it’s too crucial not to have control of it’s quality. Prior to launch, the XLP vault and our market making talents had yet to be publicly tested. Being the dominant maker of a venue is an interesting challenge, typically when market making capital preservation is the undeniable priority, uptime is secondary. However, when the exchange user experience is the top priority, uptime is extremely important and wicks should be considered critical failures. After a lot of work, I’m happy to share the 99.9% uptime target we set has been met comfortably and we have our eyes set on 99.99%. As for depth, this will continue to improve over time. The targets we set for points are: $100k 1bps, $300k 2.5bps and $600k 5bps. Our order replacement rate has already been pretty good, so with this traders can comfortably load up a 10-20 BTC positions with a few orders. Today we’re about halfway there, but we will reach it by the end of the week. Consider this the MVP to hit our stride for growth, however, we have every intention to grow to world class liquidity levels. Commencing In summary, we are on track to hit all our core milestones this week. Additionally, in less than 3 months we’ve processed $2.9B in volume, secure $13M in TVL, the venue holds >$17M in open interest and the XLP vault has yielded over 50% APY. The team and I are happy with where the core features are, and we’re ready to kick off growth and shift our product focus to the features that will make RISEx unique, namely EVM Spot, AutoYield and Permissionless Portfolio Margin. Points are here, we’re ready. Week 1 begins Monday the 20th, 00:00 UTC. All activity up until the 20th will be eligible for retroactive points. More details coming.

Bro wtf, I was gonna mint more but it sold out

oh shit lfg @risextrade @sam_battenally

GTD in 1 hour

One of my best

The worst part is their net worth is in housing so they can't take any risks on cashflow while the RE market is depressed and mortgage rates are up I'm just lucky I was able to diversity with stocks, ETFs, commodities and crypto Available 24/7 at rise.trade/invite/signup

We've become known for ruthlessly targeting organic traders with our points Week after week I found the most consistent signal in the data for organic traders is their trade size It's a high specificity, low sensitivity signal

All my mates that are self employed and run their own business are kinda freaking out

Australia is getting pretty cooked for entrepreneurs Might have to bail soon

This is the fun part of the periodic 4yr round trip

be risex > list SPY & QQQ > grind cooked RWA pricing in the books for 6 weeks > deliver some of the tightest $SPY and $QQQ liquidity available onchain today

this is a metric I monitor closely % of taker volume from large orders on @risextrade, past 90d its a good indicator of organic flow and venue maturity

Most venues don't do this, but we think it's prudent to do so It protects traders from unlucky pricing and funding due to the dividend

Impressed by @0xjune_'s run this week. Brushed off @0xMiaWallace and continued going higher

wow this shi is a movie bros can really trade and the pnls are wild even though we are only on day 3 right now @0xjune_ and @0xMiaWallace (#1 and #2 respectively rn) are up over 200% right and it seems like their strat is just copy trade each other and then trash talk @ssefXBT sneaky #3 rn betting on jeff to not become evil and trump to say the h word again ofc we have @blancxbt, not blanc, it’s blanc, and not inverse blanc battling demons to get back the green (gl dude) @notfrydoteth putting the fries in the bag as usual and @deltaxbt believing in the big d energy that vitalik is giving of (it’s not working for now 😭) lots of other chads in this as well super fun comp, excited to see the stands after week 1

I have the scoop. Mia's goated strategy is a combination of copy trading June and sleeping

Honestly didn't expect any market to flip BTC volume on RISEx for a long time A new world order

I think @koolkrypto223 and @dcfgod are going to make onchain options a reality through sheer will backing @DeriveXYZ with their own skin in the game