In the context of the continuous evolution in the decentralized derivatives trading sector, StandX is continually strengthening its competitiveness through product innovation.
Recently, StandX officially launched two core upgrade proposals—SIP1 (BlockTrade) and SIP2 (PositionYield), which comprehensively improve user experience and strategy efficiency from two dimensions: trade execution and capital yields. This also marks a further deepening of StandX's product mechanism and yield design, signaling the project's ongoing advancement.
1. SIP1: Price Discovery Mechanism for On-Chain Block Trades
The launch of SIP1 is mainly aimed at users with large transaction needs, providing them with a more efficient and low-impact on-chain execution method.
In traditional on-chain trading environments, large orders often face severe slippage, high market impact costs, and insufficient liquidity.
SIP1 introduces a mechanism similar to "over-the-counter matching + on-chain settlement," allowing users to discover prices and execute large trades on-chain.
Its core value lies in:
- Reducing slippage impact: Achieving an experience close to "no slippage" through a dedicated price negotiation and matching mechanism.
- Optimizing execution efficiency: Avoiding the costs and delays incurred by taking orders sequentially in a public order book.
- Increasing capital utilization: More suitable for institutions, whale users, or large entry and exit needs of high-frequency strategies.
The essence of SIP1 is to bring the mature Block Trade mechanism from traditional finance onto the chain, providing DeFi users with more professional trading tools and enabling the on-chain market to have stronger carrying capacity.
2. SIP2: Embedding “Yields” into Positions Themselves
If SIP1 addresses "how to trade better," then SIP2 answers another key question: how to ensure that the position itself continuously generates yields.
The core of SIP2 is to further enhance user yields based on the existing DUSD yield mechanism, binding yields directly to positions. This means:
- Trading users: When conducting contract trades, the margin can not only earn DUSD yields, but the position can also continuously generate yields.
Stable users: Even without frequent trading, they can obtain stable returns by holding DUSD and participating in related strategies.
This design essentially breaks the "idle funds" problem in traditional trading platforms, allowing user assets to generate yields in any state.
3. Enhanced Strategy Yields: Making Professional Trading More Advantageous
A key highlight of SIP2 is its significant enhancement of various strategies. Taking the common funding rate arbitrage as an example:
● Traditional strategy yield source: Funding rate difference.
● On StandX:
○ During the opening process, the margin is DUSD, allowing for continuous basic yield.
○ At the same time, through SIP2, additional yield rewards can be obtained during the position holding period.
This means that users not only earn yields from the strategy itself but also combine that with "margin yields + position yield enhancement." As a result, this dual yield structure will significantly improve the overall ROI of strategies, making StandX more attractive to traders and quantitative teams.
4. SIP1+SIP2: Innovative Combination of Trades and Yields
Furthermore, SIP1 and SIP2 do not exist in isolation, but can form a synergistic effect:
- Through SIP1: Users can complete large positions with an experience close to zero slippage.
- Through SIP2: Continuous yield enhancement can be obtained during the holding period.
This combination means that from "entry" to "holding," the entire trade lifecycle is optimized. Users can not only enter the market at better prices but also earn additional yields during the holding phase, making this integrated design a unique innovation in the current DeFi derivatives market.
5. StandX: Continuously Building a Differentiated PerpDEX
As a decentralized trading platform developed by the core team of former Binance contracts, StandX has always focused on innovation in product mechanisms and user experience since its launch.
Currently, StandX has achieved the following key progress:
- Average daily trading volume exceeding 500 million USD.
- DUSDTVL exceeding 100 million USD.
- Constructed a yield-based trading system centered on DUSD (trading means yield).
Unlike traditional PerpDEX, StandX's core concept is to embed "yield capability" into the trading infrastructure itself rather than relying on external incentives. The launch of SIP1 and SIP2 is a further embodiment of this concept—enhancing trading efficiency while reinforcing capital yields, creating clear differentiations for the platform in the competitive PerpDEX space.
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