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BSXA New Chapter: BSX Joins RISE Labs to Build the Future of Onchain Trading
Announcing the BSX DEX wind down plan, the sunset of the BSX token, and the upcoming RISE token airdrop for all BSX holders. We are thrilled to announce a landmark moment for our community: BSX Labs has been acquired by RISE Labs. Our team and cutting-edge technology are integrating into the RISE ecosystem to accelerate the next era of onchain trading infrastructure. This milestone propels our shared vision forward, to build the first fully onchain, synchronously composable orderbook primitiv...
BSXBSX Season 3 - The Road to TGE and Beyond!
Recap: September 2nd marks the end of Season 2. Since its start, BSX trading volume has more than doubled to $4.3 billion, and our trader base has quadrupled to 14,000 users. We also announced the total 6.2M raise for pre-seed and seed round, led by Blockchain Capital with earlier investment from Base Ecosystem Fund. We are committed to build the core DeFi protocol for derivatives trading and beyond on top of Base. During this period, the BSX protocol generated over $1 million in revenue and ...
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I. BSX Platform Security Update and Response to Recent IncidentBSX is committed to the security of our platform and the trust of our users. We are providing an update on a recent security incident that affected a specific component of our ecosystem. Our team, in collaboration with our external security partner ZeroShadow, has conducted an initial investigation and taken decisive action.II. Incident OverviewThe incident involved a sophisticated exploit targeting a specific aspect of the token ...
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BSXA New Chapter: BSX Joins RISE Labs to Build the Future of Onchain Trading
Announcing the BSX DEX wind down plan, the sunset of the BSX token, and the upcoming RISE token airdrop for all BSX holders. We are thrilled to announce a landmark moment for our community: BSX Labs has been acquired by RISE Labs. Our team and cutting-edge technology are integrating into the RISE ecosystem to accelerate the next era of onchain trading infrastructure. This milestone propels our shared vision forward, to build the first fully onchain, synchronously composable orderbook primitiv...
BSXBSX Season 3 - The Road to TGE and Beyond!
Recap: September 2nd marks the end of Season 2. Since its start, BSX trading volume has more than doubled to $4.3 billion, and our trader base has quadrupled to 14,000 users. We also announced the total 6.2M raise for pre-seed and seed round, led by Blockchain Capital with earlier investment from Base Ecosystem Fund. We are committed to build the core DeFi protocol for derivatives trading and beyond on top of Base. During this period, the BSX protocol generated over $1 million in revenue and ...
BSXBSX Security Incident: Root Cause Analysis & Post-Mortem
I. BSX Platform Security Update and Response to Recent IncidentBSX is committed to the security of our platform and the trust of our users. We are providing an update on a recent security incident that affected a specific component of our ecosystem. Our team, in collaboration with our external security partner ZeroShadow, has conducted an initial investigation and taken decisive action.II. Incident OverviewThe incident involved a sophisticated exploit targeting a specific aspect of the token ...
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The BSX Summit Taker Program, now enhanced with the introduction of BSXP (BSX XP), heralds an exciting new chapter for BSX. This initiative is crafted to reward users and align incentives as we scale towards 2025. Below are the key details of the program:
Start Date: January 27, 2025, 0:00:00 UTC (ongoing)
Epoch Duration: Each epoch spans 14 days.
Seeded Pool: The inaugural epoch is supported by a 1 million BSX reward pool.
Trading Rewards: Earn 1000 BSXP for every $1 in trading fees, directly linked to all your activities on BSX.
Starting in Epoch 2, users can earn BSXP by depositing and holding assets on BSX for trading collateral in vaults.
Multiple Snapshots: Random snapshots are taken throughout the day to confirm your holdings. On average:
1 BSXP/day for $1 USDC holding
1.1 BSXP/day for $1 ETH holding
1.15 BSXP/day for $1 BTC holding
Extra Points: Users can earn additional points by depositing partnered staked assets and stablecoins.
Earn 10% of referred fees in points and cash through a streamlined, single-level referral system. Higher-tier rewards (up to 60%) will be announced for VIP affiliates and partners/builders.
In each epoch, traders’ rewards will be calculated using the following formula:
where R represents the total rewards pool allocated for the epoch in $svBSX, and r denotes the rewards allocated to a specific trader.
At the end of each epoch, your earned BSX will be automatically staked as $svBSX in your staking account, accruing a 15% APR, with a 14-day unlock period.
For example:
Epoch 1: 1 million BSX tokens allocated.
Total gems earned by all traders: 1 million gems.
Trader A earns 1,000 gems during the epoch.
Trader A’s BSX rewards = (1,000 / 1,000,000) × 1,000,000 = 1,000 BSX tokens.
In the following epochs, we will introduce power multipliers for various user groups on BSX, including NFT holders and VIP traders. Additionally, multipliers for new vault products and market liquidity will be available, offering up to a 5x multiplier.
Occasionally, BSX will distribute extra rewards and other incentives through partner programs, further enhancing your earning potential.
——
This program is designed to maximize user engagement and reward loyalty as we continue to grow and innovate. Stay tuned for more updates and opportunities to boost your earnings!
Are you building on Base, managing trading groups, or want to write about BSX? Please reach out for collaboration: marketing@bsx.exchange
The BSX Summit Taker Program, now enhanced with the introduction of BSXP (BSX XP), heralds an exciting new chapter for BSX. This initiative is crafted to reward users and align incentives as we scale towards 2025. Below are the key details of the program:
Start Date: January 27, 2025, 0:00:00 UTC (ongoing)
Epoch Duration: Each epoch spans 14 days.
Seeded Pool: The inaugural epoch is supported by a 1 million BSX reward pool.
Trading Rewards: Earn 1000 BSXP for every $1 in trading fees, directly linked to all your activities on BSX.
Starting in Epoch 2, users can earn BSXP by depositing and holding assets on BSX for trading collateral in vaults.
Multiple Snapshots: Random snapshots are taken throughout the day to confirm your holdings. On average:
1 BSXP/day for $1 USDC holding
1.1 BSXP/day for $1 ETH holding
1.15 BSXP/day for $1 BTC holding
Extra Points: Users can earn additional points by depositing partnered staked assets and stablecoins.
Earn 10% of referred fees in points and cash through a streamlined, single-level referral system. Higher-tier rewards (up to 60%) will be announced for VIP affiliates and partners/builders.
In each epoch, traders’ rewards will be calculated using the following formula:
where R represents the total rewards pool allocated for the epoch in $svBSX, and r denotes the rewards allocated to a specific trader.
At the end of each epoch, your earned BSX will be automatically staked as $svBSX in your staking account, accruing a 15% APR, with a 14-day unlock period.
For example:
Epoch 1: 1 million BSX tokens allocated.
Total gems earned by all traders: 1 million gems.
Trader A earns 1,000 gems during the epoch.
Trader A’s BSX rewards = (1,000 / 1,000,000) × 1,000,000 = 1,000 BSX tokens.
In the following epochs, we will introduce power multipliers for various user groups on BSX, including NFT holders and VIP traders. Additionally, multipliers for new vault products and market liquidity will be available, offering up to a 5x multiplier.
Occasionally, BSX will distribute extra rewards and other incentives through partner programs, further enhancing your earning potential.
——
This program is designed to maximize user engagement and reward loyalty as we continue to grow and innovate. Stay tuned for more updates and opportunities to boost your earnings!
Are you building on Base, managing trading groups, or want to write about BSX? Please reach out for collaboration: marketing@bsx.exchange
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