First permissionless margin trading protocol in crypto. Nemesis has created a novel liquidity framework called the Omni-directional Market Maker (OMM), enabling swaps, margin trades, and liquidity provision within a single liquidity pool, allowing for leveraged long and short positions on any onchain token. It also creates a new, organic, and superior onchain yield opportunity for liquidity providers.
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Since our July recap, Nemesis has moved to a mainnet-ready deployment on Sepolia, with a few significant upgrades. Here's what has changed. A thread🧵 https://t.co/B6eulbTvRf
1/ 20x Leverage available for all markets Long and Short support every whole multiplier from 2x to 20x, and positions open at exactly the leverage you select. Our front end also shows your maximum position size at that…
7/ Auditing We are already in touch with top blockchain auditing firms in the industry and are working on a plan to ensure the protocol is bulletproof before we launch on mainnet. We will announce the partners and the re…
8/ Partnerships As our mainnet launch is imminent, we are actively exploring collaboration with additional partners, including blockchains, launchpads, aggregators, and trading applications. Feel free to DM us if you are…
Latest activity from @Nemesisdottrade.
Hi @RobinhoodCrypto
8/ Partnerships As our mainnet launch is imminent, we are actively exploring collaboration with additional partners, including blockchains, launchpads, aggregators, and trading applications. Feel free to DM us if you are interested in partnering with us. Nemesis.
7/ Auditing We are already in touch with top blockchain auditing firms in the industry and are working on a plan to ensure the protocol is bulletproof before we launch on mainnet. We will announce the partners and the reports once the audit is complete.
6/ Scalability As the number of pools grows, not every market can be kept equally fresh at once. We've built the system that decides which pools get priority based on real trading activity, and it's now running in observation mode, recording its decisions without changing how any
4/ Execution safety Every swap, open, close, liquidation, and migration now carries a minimum-output bound from a fresh quote, and a stale quote stops the transaction instead of falling back to zero. Approval prompts name the contract you're approving and relevant details. Signed
5/ Liquidations and migration Funded liquidations now stay locked from submission through to receipt, across tabs and page reloads, so a duplicate can't be started by accident. Migration now verifies that the migrator is wired to the active deployment and disables itself if it
2/ Margin trading fees Margin actions currently carry a 0.1% fee, split evenly between LPs and the protocol. LPs can now review the margin trading fees they have earned on each of their LP positions. More fundamental analytics data is now available to help you develop the best LP
3/ More oracle upgrade The three-block delay on risk prices stays in place. On top of that, a risk price now has to span a minimum amount of elapsed time, so a short burst of manipulation can't pass for a real market move. Tokens added directly to a pool can no longer shift the
1/ 20x Leverage available for all markets Long and Short support every whole multiplier from 2x to 20x, and positions open at exactly the leverage you select. Our front end also shows your maximum position size at that leverage before you submit, and voluntary closes settle in
Since our July recap, Nemesis has moved to a mainnet-ready deployment on Sepolia, with a few significant upgrades. Here's what has changed. A thread🧵 https://t.co/B6eulbTvRf