Курс CruxDecussataX

My bags are going to 100x in 2025

I would like to start today’s article with a brief introduction that will help you better understand the idea of the project under consideration. At the very beginning of the development path, Decentralized Exchanges (DEX) utilized Automated Market Makers (AMM) based on liquidity pools, in which we could participate as liquidity providers (LP). I’m sure each of you has heard about Uniswap. Uniswap is a classic example of a DEX operating on the AMM model. The main feature of AMM is the automatic determination of asset prices. A special algorithm calculates the price of an asset relative to other assets in the pool according to a mathematical formula. For example, one of the classic AMM models operates according to the formula: X*Y=K, where: X — is the total value (amount of asset * asset price) of the first asset in the liquidity pool, Y — is the total value (amount of asset * asset price) of the second asset in the liquidity pool, K — is a constant that always maintains the same value, indicating the ratio of tokens in the liquidity pool. It is also called the invariant. At the moment of its creation in 2018, Uniswap marked a significant breakthrough in the world of cryptocurrencies. Users gained the ability to interact with each other without the involvement of a third party, while still retaining control of their assets in their own wallets. It would not be an exaggeration to say that Uniswap was one of the companies that kickstarted the active development of Decentralized Finance (DeFi). Even as of February 2024, Uniswap accounts for over 50% of all trading volumes on decentralized exchanges. The Total Value Locked (TVL) exceeds $4 billion, with daily trading volumes surpassing $600 million. However, despite the fact that the AMM model is classical, well-known, and widely used, it also comes with its fair share of drawbacks. The main problems with AMM-based exchanges include: Impermanent Loss; Miner Extractable Value bots (MEV); Slippage; Limited functionality (lack of limit orders and leverage); High fees (largely dependent on the blockchain the protocol operates on); User interface (UI) issues (often, users unfamiliar with DeFi find it difficult to navigate the interface of various protocols. With each passing year, more and more people are becoming interested in cryptocurrencies, making it crucial to simplify the “onboarding process” for them into DeFi). Technologies are constantly evolving, and recently, we have witnessed a new phase in the development of DeFi. There are numerous developers who are utilizing their ideas and emerging opportunities to address the core issues of DEX and make them faster, more functional, and user-friendly, thereby making them competitive with centralized exchanges (CEX). Today, we will delve into one such interesting project. Hyperliquid is a decentralized perpetual futures exchange based on an order book.

Before Hyperliquid’s airdrop, the past few prolific airdrops such as Scroll, Orderly, Catizen and many others have largely been disappointing due to the overall low allocation to the community. Hyperliquid’s airdrop is not only significant due to its value but also because it has become an example of what it means to conduct a successful crypto airdrop.Hyperliquid has allocated 38.88% of their token supply to future initiatives, making a 2nd airdrop season likely. Farming this airdrop could perhaps be extremely lucrative and suggest why usage activity picked up even after the airdrop. However, as Hyperliquid positions itself as a perpetuals trading platform with up to 50x leverage, users are advised to be cautious when trading with leverage. Always do your own research before interacting with any crypto protocols and make sure you never overextend yourself with leverage even in this bull market!

Calculating Profit and Loss (P&L) Step 1: Determine Initial Investment - Initial investment amount (e.g., 25 USDT) Step 2: Determine Current Market Value - Current market value of the asset Step 3: Calculate Profit or Loss - Profit/Loss = Current Market Value - Initial Investment *Example Scenarios* 1. *Profit Scenario*: - Initial Investment: 25 USDT - Current Market Value: 30 USDT - Profit/Loss = 30 USDT - 25 USDT = 5 USDT 2. *Loss Scenario*: - Initial Investment: 25 USDT - Current Market Value: 20 USDT - Profit/Loss = 20 USDT - 25 USDT = -5 USDT Rating P&L P&L Rating Calculation - P&L Rating = (Profit/Loss / Initial Investment) x 100 *Example Ratings* 1. *Profit Scenario*: - P&L Rating = (5 USDT / 25 USDT) x 100 = 20% 2. *Loss Scenario*: - P&L Rating = (-5 USDT / 25 USDT) x 100 = -20%

To rate 25 USDT in Profit and Loss (P&L), you'll need to calculate the profit or loss based on the initial investment and current market value. Calculating P&L 1. Determine the initial investment: 25 USDT 2. Determine the current market value of the asset 3. Calculate the profit or loss: Profit/Loss = Current Market Value - Initial Investment *Example:* Initial Investment: 25 USDT Current Market Value: 30 USDT (if the asset increased in value) or 20 USDT (if the asset decreased in value) *Profit Scenario:* Profit/Loss = 30 USDT - 25 USDT = 5 USDT *Loss Scenario:* Profit/Loss = 20 USDT - 25 USDT = -5 USDT Rating P&L To rate the P&L, you can use a simple percentage-based calculation: P&L Rating = (Profit/Loss / Initial Investment) x 100 *Example:* Profit Scenario: P&L Rating = (5 USDT / 25 USDT) x 100 = 20% Loss Scenario: P&L Rating = (-5 USDT / 25 USDT) x 100 = -20% This rating will give you a quick understanding of the profit or loss as a percentage of the initial investment.