Ballast aims at providing Sui users and projects with a comprehensive infrastructure for building and trading on-chain spot assets and derivatives, and ensuring a CEX-competitive user experience.
The Ballast infrastructure unlocks the opportunity to change various types of assets with different levels of complexity in the DeFi space including but not limited to perpetual & quarterly futures, power perpetuals, floor perpetuals and options.
Founded in November 2022, Ballast is one of the first products to offer a complete trading suite solution on Sui. The advantages of the suite model include better user experience compared to a simple #AMM.
Ballast is a #DeFi infrastructure initiative built on Sui, an upcoming and scalable L1 solution. The on-chain DeFi suite by Ballast provides a CEX-competitive experience to DeFi users.
The above 15% is divided up as per follows 4.91664% pro-rata to all historical main-net LPs 49,166,400 BLT ~49 million BLT will be claimable by historical liquidity providers. The formula accounts for LP liquidity on a per-second basis since the deployment of Ballast,
The above 15% is divided up as per follows
4.91664% pro-rata to all historical main-net LPs 49,166,400 BLT
7.08336% split evenly across all historical main-net user addresses 70,833,600 BLT
3% split evenly across all historical test-net user addresses 30,000,000 BLT
ensuring that rewards are weighted towards LPs that provided liquidity when total liquidity was low. 7.08336% split evenly across all historical main-net user addresses 70,833,600 BLT 3% split evenly across all historical test-net user addresses 30,000,000 BLT
