Digest 10/22

It's November, so it's time to tell you what we accomplished last month at Tsunami Exchange. Wrap up in your plaid and enjoy reading! 🤲

October greeted us with a fall warmth as we passed the 1,150,000 USDN mark in daily volume for the first time. Organic growth and more and more arbitrage participants joining the project is helping the market price become more reliably tied to the index price. How you start the month is how you spend it, we at Tsunami started it positively!

The month was full of great updates! We added a new trading pair SURF/USDN which was received positively by the users and the volume of SURF trading has already exceeded 40% of all Tsunami trades.

One of the most important launches of the month is the addition of the commodities our users have been waiting for. Brent Oil and Gold are already trading on Tsunami with trading volume of over 46% of all trades.

The introduction of commodities was one of the biggest steps in Tsunami's development, adding an opportunity for investors to diversify the risks of their portfolios and not depend on the volatility of the cryptocurrency market. We certainly do not even think to stop and will continue adding new commodity assets in the future so that our users always have a choice even among such low-risk assets.

A new direction for us has become holding trading competitions, the first of which - Waves To Pluto Trade Competition was so warmly received by our traders. After successfully completing the first contest, where the participants earned more than 7,000 USDN of profit, we saw your interest, and therefore launched a new contest with prizes of more than $2,500 - Waves Surfers Trade Competition.

If you are ready to try your hand at surfing the waves, join our competition, the detailed conditions of which you can always find here. Don't miss your chance to compete against active and novice traders, not forgetting our ongoing rewards for open positions in $TSN tokens.

Another major update in October was the introduction of Farming, which allows $TSN token holders to auto compound their tokens without additional transactions. At the same time, the smart-contract makes a daily buyback of $TSN, which positively affects the dynamics of the price and increases investors' profits. Users, in turn, retain the ability to claim their tokens back at any time. Isn't that great?

Now a little bit about the numbers. Daily trading volume on Tsunami continues to delight us with healthy growth, which affects the profits of stackers and farmers. So, compared to September's numbers, the average daily trading volume in October was 372,000 USDN, twice as much as the same figures in September.

After the addition of farming, the APR of the staking in October held at 20-45%, and the APY of the farming was 25-50% daily. Something to think about, maybe now is the perfect time to buy $TSN? 😏

So, October turned out to be a very fruitful month both in the technical part and in the investment part.

Tsunami team continues to work at the same pace and delight our users with cool updates and really useful features. Leaderboards development, NFT-collection, new partnerships and much more - all this awaits you in the near future. Follow our chat, news channel and Twitter to make sure you don't miss anything interesting! 🌊

Subscribe to Tsunami Exchange
Receive the latest updates directly to your inbox.
Mint this entry as an NFT to add it to your collection.
Verification
This entry has been permanently stored onchain and signed by its creator.