The fastest decentralized perpetual protocol in the Sui ecosystem BlueFin｜Trade & Earn Operation Steps Explained
SUI was one of the few projects that remained strong in yesterday's bear market. As a representative of the new generation of public chains, SUI has chosen to exert its efforts starting in 2024, focusing on both technological upgrades and the continuous surge of TVL in the Sui ecosystem.
Currently, the Sui ecosystem has multiple tokenless protocols. With the potential for Sui to continue attracting attention and growing, now is an excellent opportunity to get involved. Today, let's introduce @bluefinapp.
I. What is BlueFin?
BlueFin is a decentralized perpetual contract protocol based on off-chain order books, and it is the fastest decentralized perpetual protocol in the Sui ecosystem. The project has successfully raised a total of $29.2 million in funding, with investors including institutions such as Polychain. Bluefin is currently the leading exchange in terms of trading volume among all parallel-executing public chains, with a market share of over 80% in the dex arena on Sui.
Bluefin v2, built on Sui, offers scalability and a wallet-free trading experience comparable to that of centralized exchanges.
To achieve this level of user experience, it is mainly related to the advantages of the SUI public chain. Unlike other L1 chains that only execute in parallel, Sui allows parallel sorting and execution, achieving a throughput of over 125,000 transactions per second and network availability not limited by other applications and users.
Furthermore, to lower the user threshold, BlueFin has integrated ZKLogin, a native feature of Sui, allowing users to use existing Web2 identity verification from platforms like Google to log in to Web3 applications and protect data privacy using zero-knowledge proof technology.
II. How to participate in Trade & Earn for rewards:
The official launch of the Trade & Earn Program allows for pre-farming of BLUE tokens:
1️⃣ Install the Sui wallet: https://t.co/QPYQY8OxNB
2️⃣ Access Bluefin: https://t.co/QLrm2WqK64 (using this link will provide a 10% additional token bonus)
3️⃣ Start trading on the platform to Trade & Earn
In the early stages, you can make a small amount of trades to potentially receive airdrops. Trade & Earn allows for earning BLUE points and Sui tokens simultaneously, and since the number of participants in mining is still relatively low, the rewards can be quite substantial.
Additionally, other leading DeFi protocols on Sui include FlowX Finance, Navi, KriyaDEX, Scallop Lend, and Aftermath Finance, among others, which we will test one by one!
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