Q: What price oracles will you use day 1? A: We are working closely with Switchboard and Pyth to integrate redundant low-latency Switchboard and Pyth price feeds for our Mainnet launch on Mantle.
Q: What are swap trading fees? A: 16bps minimum for swaps helping basket balance, with another variable 64bps for swaps hurting basket balance
Q: What are the perps position fees? A: 10bps to open or close a position
Q: What are the funding rate fees? How are they calculated? A: Calculated as (Borrowed Assets) / (Total Assets In Pool) * 0.01% per hour
Q: How often are funding rates updated? A: As often as people call contract methods that update them, safe to assume at least every 8 hours, but most likely quite soon.
Q: Who earns the fees? A: As of testnet 100% of fees generated on the platform go to LPs
Q: What is the collateral ratio? A: There must be 110% worth of collateral for every 100% worth of debt
Q: What are the trading use cases for TsunamiX? A: Traders looking to swap assets, hedge positions/risk, and speculate on the market
Q: What will the APY from LPing be? A: It will be variable from trading fees, position fees, funding rate fees, and lending market fees, but we believe over 25% should be sustainable.
Q: Are you live on mainnet? A: Yes!