Authors: Noodles + Crema + Vertex
Related Discussion: Our proposal is similar to Voltz Additional Use Grant
Rage Trade is a new perpetual swap protocol built using Uniswap v3. Many on-chain perpetuals currently use Uniswap v2 style vAMMs. However, traders and LPs benefit from v3’s concentrated liquidity so we opted to build on v3 to design the most capital efficient perp.
Our proposal is most similar to the proposal by Voltz Protocol. Unlike Voltz we have not forked UNI v3’s code but instead we have built on top of it. Think of Uniswap as our matching engine, and on top we have built a risk engine to enable leverage trading. We have wrapped the following on top of Uniswap’s core: leverage trading, leverage LPing, cross-margin, liquidations, and real time funding rates.
We have built libraries to enable leverage trading, leverage LPing, and real-time funding rates. Each of the libraries below makes use of Uniswap’s BUSL protect code (that we require an additional grants use for):
Onchain Perps bring new liquidity to UNI v3: Since we are strictly built on top of UNI v3 (not a fork) all additional TVL + trading volume is strictly additive to UNI v3.
Rage Trade will spend significant R&D resources on designing efficient v3 LP strategie: Rage has already designed a new LP strategy known as the 80-20 strategy that composes with Curve’s tricrypto.
Liquid & composable on-chain perpetuals enable a whole new world of Uniswap spot strategies: Using perps, Uniswap v3 users can mitigate impermanent loss on Uni v3 via delta hedging. Additionally multi-collateral perps open new avenues and payoffs that are currently not possible on the spot market.
Rage Trade stands to benefit Uniswap in many ways and strictly adds to Uniswap’s value as a protocol. We look forward to discussing our proposal with the Uniswap community and answering questions in the comments below.
Authors: Noodles + Crema + Vertex
Related Discussion: Our proposal is similar to Voltz Additional Use Grant
Rage Trade is a new perpetual swap protocol built using Uniswap v3. Many on-chain perpetuals currently use Uniswap v2 style vAMMs. However, traders and LPs benefit from v3’s concentrated liquidity so we opted to build on v3 to design the most capital efficient perp.
Our proposal is most similar to the proposal by Voltz Protocol. Unlike Voltz we have not forked UNI v3’s code but instead we have built on top of it. Think of Uniswap as our matching engine, and on top we have built a risk engine to enable leverage trading. We have wrapped the following on top of Uniswap’s core: leverage trading, leverage LPing, cross-margin, liquidations, and real time funding rates.
We have built libraries to enable leverage trading, leverage LPing, and real-time funding rates. Each of the libraries below makes use of Uniswap’s BUSL protect code (that we require an additional grants use for):
Onchain Perps bring new liquidity to UNI v3: Since we are strictly built on top of UNI v3 (not a fork) all additional TVL + trading volume is strictly additive to UNI v3.
Rage Trade will spend significant R&D resources on designing efficient v3 LP strategie: Rage has already designed a new LP strategy known as the 80-20 strategy that composes with Curve’s tricrypto.
Liquid & composable on-chain perpetuals enable a whole new world of Uniswap spot strategies: Using perps, Uniswap v3 users can mitigate impermanent loss on Uni v3 via delta hedging. Additionally multi-collateral perps open new avenues and payoffs that are currently not possible on the spot market.
Rage Trade stands to benefit Uniswap in many ways and strictly adds to Uniswap’s value as a protocol. We look forward to discussing our proposal with the Uniswap community and answering questions in the comments below.
