RollX: A New Era in Decentralized Derivatives
The decentralized derivatives protocol formerly known as RollDex has undergone a significant transformation and rebranded itself as RollX. This strategic upgrade has resulted in impressive performance on the Base blockchain, where the platform’s daily trading volume has surpassed $100 million. Currently, RollX boasts a user base of over 80,000 active traders and a total value locked (TVL) of $32 million, cementing its status as a leader in the BTC-Fi sector on the Base chain.
Enhanced Features and Innovative Solutions
RollX is designed specifically to enhance the Bitcoin ecosystem by providing a robust derivatives market, offering perpetual contracts with leverage options as high as 1000x. Noteworthy is its innovative integration of BTC and ETH liquidity staking assets (LST), which aims to provide both revenue generation and risk diversification for its users.
Community-Driven Approach
Developed by a team with extensive expertise in derivatives trading, RollX has previously marked its success by securing the top position within the Bitlayer ecosystem, an achievement that was supported by a $1 million incentive grant. Furthermore, RollX adopts the Hyperliquid model, ensuring that the platform remains entirely community-owned with no venture capital interference. Its governance and incentive structures are fully on-chain, striving to replicate the user experience of centralized exchanges while maintaining decentralized principles.
Celebrating the Brand Evolution
To celebrate its brand evolution, RollX has kicked off its Genesis event, inviting users to earn points through various on-chain activities and social tasks via Galxe Starboard. Participants will have the opportunity to compete for a share of a $200,000 prize pool and gain eligibility for future airdrops. The mantra
“Roll into anything. Roll into everything. Roll into X”
signifies RollX’s ambition to become an essential trading engine within the BTC-Fi landscape.
