π§¬What Makes Core Unique?
In the universe of decentralized derivatives trading, Core stands out for several reasons, including our foundational principles and the novel intent-based architecture discussed elsewhere. However, a key differentiator is our choice of collateral asset and the innovative Trade2Earn program.
Why Use USDB as Collateral?
USDB is a pioneering stablecoin from Blast, benefiting from an auto-rebasing feature tied to MakerDAO's on-chain T-Bill protocol. This unique approach allows deposited collateral from traders and solvers to earn yield (~5% APR). The advantage for users is significant: the yield generated by the collateral from both counterparties can offset funding rates, effectively reducing the fees traders pay over time. This not only leads to cost savings for both traders and solvers, but positions Core to potentially offer the most competitive funding rates available on-chain.
What is the Trade2Earn Program?
At Core Markets, the absence of traditional liquidity providers (LPs) means that all Trade2Earn rewards are directly channeled to traders and stakers. This establishes a positive-sum flywheel, encouraging increased trading volume, which in turn generates more yield for $CORE stakers. As mentioned previously, Core has also committed to distribute 100% of our Blast Points and Blast Gold through our Trade2Earn incentives (50% to traders and 50% to stakers). Core stands out as one of the few protocols that prioritize distributing value to its active users and long-term stakeholders, rather than to transient capital seeking lucrative liquidity mining incentives.
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