dappOS Grant Bi-Weekly Update
Date: 10/01/2024
I. Executive Summary:
dappOS V2 started to support GMX V1 and V2 in November 2023, greatly improving the user experience and helping onboard users seamlessly from other chains like Polygon,Optimism, and Ethereum,etc to scale up trading volumes and TVL.
a) Roadmap Progress
Milestone 1: Dec 18: GMX dappOS Live and annoucement PR. – Achieved
Milestone 2: Dec 20 - 15 Jan: Optimized user experience in GMX dappOS from user feedback. —Achieved.
Milestone 3: 1 Feb, Target Users: 15k, TVL: 2.5mm, Trading Volume: 25mm - 50k ARB – on progress
Milesetone 4: 28 Feb, Target Users: 30k, TVL: 5mm, Trading Volume: 50mm - 50k ARB
b) Milestone/KPI Achievements
Users gained: 797
TVL: 75.1k
Trading Volume: 1.92mm
c) Dune Dashboards
II. Current Progress:
Since the launch of GMX powered by dappOS V2, we saw solid new user pool growth.
We have started the dappOS GMX trading voucher activity test version a week ago, so far we already have 10k+ users registered for the event. The one-week event officially starts in 9 Jan 2024 and ends in 16 Jan 2024. We expect the no. of users and trading volume to increase exponentially after the campaign starts.
GMX trading voucher activity posted in dappOS Discord Channel:
Happy new year, traders!
We’ve prepared a new year surprise for you🚀
Let’s introduce “all in” coupons that can be used for trading on GMX powered by dappOS V2👇
“All in” Coupon types
Ordinary Coupon: After the campaign, you can get your losses covered. (up to the coupon value)
Bonus Coupon: If your profit exceeds 100%, the profit can be doubled (up to the coupon value).
Revival Coupon: If you lose all your funds, you’ll get refunded up to the coupon value within 24 hours after liquidation. There is no limit to the number of times during the campaign;
Bonus and Revival coupon: Has all the attributes of the above 3 coupons.
Coupon amounts: 20U-100U
Reminder ~ Use a principal amount equal to the face value of the “all in” coupon to trade zero loss guaranteed
Participate in the “all in” coupon lottery:point_down:
Example:
Opening balance: 100U
You drew: 100U “All in” Coupon
1️.Open long with 50X leverage, assuming the price rises by 2%
Trading Profit: 100U
Total Profit: 200U
The profit is 100%, and the lucky hit is triggered — an additional reward is 100U (equal to the face value of the “all in” coupon)
Final balance: 300U, tripled (after only a 2% rise)
2️. If your position rises more, the profit will increase
If the price goes down to zero , the revival will be triggered.
III. Community Engagement: the GMX trading voucher activity posted in dappOS Discord Channel has attracted over 10k+ users in registration.
IV. Partnerships and Collaborations:
Binance Web3 wallet integration and campaigns: encourage Binance wallet users to try the GMX voucher trading campaign on the dappOS GMX platform to attract users.