Crypto Valley Exchange Protocol (CVEX) is not just another Decentralized Exchange (DEX), it is a decentralized derivatives clearing protocol. That was built to reduce trading margin costs like Zero funding fees with no hidden costs draining your PnL, low transaction fees which are 100 times cheaper than traditional perps, unlocking capital, and powering crypto derivatives with full portfolio risk management.
Now that being said the Testnet phase of the CVEX Airdrop campaign ended sometime last year, just in case you missed the testnet phase, you have an opportunity now with their mainnet being live to position yourself properly to be able to get the good airdrop reward by participating in their mainnet campaign. Don't worry I will put you on, on what you need to know and do.
NOTE: CVEX has raised $7 Million and 50% allocation is for Mainnet users so it will be advisable to get locked in into their Mainnet for more XP rewards before TGE.
How to position for the CVEX mainnet Airdrops
Before you start the mainnet farming, it is advisable that you have knowledge on Crypto futures trading. Let's get started
- Go to https://cvextopia.cvex.trade/
- Connect your EVM wallet (I recommend using the same wallet used on testnet, if you did the testnet).
Cvex mainnet farming has two different pairs which are usdc/BTC and usdc/ETH. BTC pair has a higher leverage with higher minimum usdc to trade, while ETH's leverage is lower than BTC and you can trade with as little as $1 on ETH on quest 1, but to finish quest 2 you need to trade with $10 usdc. Every quest has their criteria and you can also be doing daily tasks to get 1,750 xp daily including trading long and short coupled with social tasks. Trade on market order and close immediately to get your xp rewards.
Posted Using INLEO