We’re thrilled to welcome Tsunami Finance and its gamified margin trading and spot exchange TsunamiX to the burgeoning Mantle Ecosystem. Working hand in hand with Mantle, TsunamiX aims to redefine leveraged trading and liquidity provision.
Mantle has been committed to fostering sustainable and long-term ecosystem development and growth, with a focus on decentralized finance (DeFi) and decentralized applications (dApps) that will create a prosperous future for all who are a part of Mantle Ecosystem. In recent weeks, Mantle has welcomed new additions to its DeFi ecosystem pillar, working closely with allies who share the same vision in web3 innovation and providing improved products that accelerate the mass adoption of blockchain technology.
With a unique pricing model called dynamic liquidity pricing to facilitate trading, TsunamiX is able to offer safe real yield-earning strategies with their liquidity pools that reduce the risk of impermanent loss. At the same time, it also ensures increased fee generation over time with leveraged trading that has 0% price impact, on top of swap fees.
The synergistic alliance underscores the importance of integrating with a blockchain ecosystem that is prepared to offer the stability and scalability that can hyperscale TsunamiX’s platform at low transaction costs, while guaranteeing robust security for all transactions that occur on-chain.
Tsunami Finance’s emphasis on incentive programs is also aligned with Mantle Network’s approach to sustainable community building. Together, we aim to provide $MNT rewards with user participation on TsunamiX.
One of Mantle EcoFund’s first greenlit projects, TsunamiX has successfully raised funds with strategic investments from Selini Capital, and is set to be a key contributor to the growth of Mantle’s DeFi ecosystem.
“With the addition of TsunamiX into Mantle Ecosystem, we’re excited to introduce the Mantle community to innovative trading and incentive models. TsunamiX’s approach to liquidity provision and leveraged trading is truly a game changer for both our ecosystems and communities,” shared Arjun Kalsy, head of ecosystem at Mantle.
About TsunamiX
TsunamiX is a gamified spot and margin trading protocol that enables traders to trade crypto-assets. Through TsunamiX, traders climb the ranks of the leaderboard as they earn points with every trade they make.
For more information on TsunamiX and to keep up-to-date with their latest developments, check out https://tsunami.finance.