Divergence Lists on AscendEX

Disclaimer: The textual content beneath is a press launch that was not written by Cryptonews.com.

On Sept. 23 at 1 p.m. UTC AscendEX will listing the Divergence token (DIVER) below the buying and selling pair USDT/DIVER. To have fun the itemizing, AscendEX and the Divergence group are pairing as much as launch a variety of limited-time promotional occasions between 1:00 a.m. UTC, on Sept. 24 and 12:00 a.m. UTC, on Oct. 1, 2021. These occasions will provide customers the possibility to share 90,000 USDT value of pooled rewards.

Divergence is a decentralized platform constructed for hedging and buying and selling DeFi-native asset volatility with an AMM-based market, buying and selling artificial binary choices. Currently, there is a lack of sensible, easy-to-use options for buying and selling and hedging volatility of belongings that exist on the completely different layers of DeFi functions with publicity to a number of sources of threat.

Volatility derivatives and choices merchandise are a major sector in conventional finance, but they’re nonetheless of their early phases in terms of crypto markets. Derivative merchandise have a excessive technical entry barrier for retail customers, particularly for merchandise like choices. Divergence has began by providing binary choices which have comparatively easy-to-understand mechanisms and a binary payoff. 

A key function of the Divergence person expertise is the simplicity of possibility composability. Option markets on Divergence platform might be created at strike costs and expiration cycles of alternative, utilizing any fungible token, together with DeFi belongings issued by different protocols. The platform encompasses a one-step seeding and minting course of, which means that customers need not mint a by-product token previous to allocating funds to a seed pool, minimizing charges for merchants.

Divergence has additionally centered on Capital Efficiency. Only one collateral unit is required to jot down a binary name or put for a pool without having for over-collateralization. Once a pool is created, the identical collateral is used when it’s time to purchase or promote choices. The sensible contract reserves max claims for collateral, offering LPs the flexibleness of withdrawing capital earlier than expiry.

When it involves managing worth threat, present decentralized futures and perpetual merchandise provide linear threat exposures for a restricted variety of main belongings. Options, as a less-developed product, can present a non-linear risk-reward construction. This permits choices merchants to construct leveraged positions in belongings at a decrease value than making a conventional transaction.

​​The DIVER token is a transferable illustration of the governance and utility features specified within the Divergence platform. DIVER permits holders to suggest and vote in on-chain governance proposals to find out future options and parameters of the Divergence platform. Divergence Staking contracts are used to supply larger yield to long-term holders of DIVER tokens. Divergence will periodically share varied sorts of token rewards amongst the stakers and governance token holders.

AscendEX’s itemizing of Divergence reveals their sturdy assist for DeFi initiatives designed to accommodate new retail customers {and professional} merchants alike. Divergence’s dedication to a simplified person expertise for a really technical product providing is strictly the kind of venture that AscendEX goals to companion with to open up new retail markets within the crypto house.                               

About AscendEX

AscendEX is a worldwide cryptocurrency monetary platform with a complete product suite together with spot, margin, and futures buying and selling, pockets companies, and staking assist for over 150 blockchain initiatives corresponding to bitcoin, ether, and ripple. Launched in 2018, AscendEX companies over 1 million retail and institutional shoppers globally with a extremely liquid buying and selling platform and safe custody options.

AscendEX has emerged as a number one platform by ROI on its “preliminary alternate choices” by supporting a few of the trade’s most revolutionary initiatives from the DeFi ecosystem corresponding to Thorchain, xDai Stake, and Serum.  AscendEX customers obtain unique entry to token airdrops and the power to buy tokens on the earliest doable stage. To be taught extra about how AscendEX is leveraging finest practices from each Wall Street and the cryptocurrency ecosystem to deliver the perfect altcoins to its customers, please go to www.AscendEX.com.

For extra info and updates, please go to:

Website: https://ascendex.com

Twitter: https://twitter.com/AscendEX_Global

Telegram: https://t.me/AscendEXEnglish

Medium: https://medium.com/ascendex

About Divergence

Divergence is a decentralized platform for hedging and buying and selling DeFi-native asset volatility, with its flagship product being an AMM-based market that trades artificial binary choices.  Derivative merchandise have a comparatively excessive technical entry barrier for retail customers, particularly for merchandise like choices. Divergence has began by providing binary choices which have comparatively easy-to-understand mechanisms and a binary payoff.  

For extra info and updates, please go to:

Website: https://www.divergence-protocol.com/

Twitter: https://twitter.com/divergencedefi

Telegram: https://t.me/divergenceprotocol

Discord: https://discord.com/invite/v96fhsPfRa

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About the Author: Daniel