Looks like the #crofam on @FulcromFinance is now #PoweredByPyth 🔮
Fulcrom is a decentralized perpetual exchange that allows users to trade with leverage, low fees, and zero price impact while keeping custody of their assets
Learn more about our integration in the 🧵👇
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Trading on Fulcrom works much like other oracle-based perpetual exchanges!
Trades are initiated with user’s collateral and are supported by a multi-asset pool—the Fulcrom Liquidity Pool (“FLP”)
FLP earns fees from automated market making, swap fees, and leveraged trading
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Fulcrom currently enables users to deposit $BTC, $ETH, $USDC, and $USDT as collateral to trade $BTC or $ETH perps with up 25x leverage
Since launching on Feb 28, Fulcrom has processed few millions in trading volume and has gathered ~$1M in TVL
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Thanks to Pyth data, Fulcrom fills user orders at the oracle rate 🔮
By leveraging Pyth’s unique On-Demand Update model, Fulcrom benefits from the freshest oracle price available and can prevent oracle latency arbitrage
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“Having fresh data is essential for traders to stay agile and responsive in all market conditions. Fulcrom is integrated with Pyth Data for price and data feeds to keep traders informed, allowing you to get accurate insights and stay alert to market changes and trends." [...]
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Fulcrom Finance Product Manager added, “The teams are collaborating with the same goal to enhance the trading experience in Cronos, and we would love to hear your feedback.”
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Innovation doesn’t stop here. How will you reimagine DeFi? Join the conversation:
linktr.ee/PythNetwork
Build with Pyth:
pyth.network/developers
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We look forward to further supporting @FulcromFinance and their next developments!
Meanwhile, be sure to follow them:
linktr.ee/fulcromfinance