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RubiconThe Die is Cast: Launch of Decentralization and $RUBI
🌍 The Launch of $RUBIAd Victoriam. Rubicon exists to build the World’s Last Financial Exchange — a decentralized, non-custodial trading platform that democratizes access to global markets. Our mission is to accelerate the advent of an open, efficient, and transparent financial system for humanity, governed and operated by its users. Over the past four years, Rubicon has processed over $200 million in onchain trading volume across many protocol versions. Every trade has been non-custodial, ve...
RubiconToken Bridging is live on Rubicon
Today we are launching a Token Bridge in the Rubicon App! Select the Bridge on the sidebar to transfer tokens to and from Ethereum, Optimism, and other blockchains 🌉 Powered by Socket, our Bridge finds the best route from major token bridges with support for hundreds of token combinations and 9 blockchains:Whether you are bridging to Optimism to trade on Rubicon for the first time or you’re seizing an opportunity on another chain, our Bridge finds you the best route without having to leave t...
RubiconRubicon v1 Whitepaper
Rubicon v1 [repo] Benjamin Hughes, Forrest Norwood contact (at) rubicon (dot) finance March 19, 2022AbstractIn this paper, we introduce Rubicon v1, an order book protocol for Ethereum, and by extension an order book protocol for the world.BackgroundAn exchange is the most important venue in a given financial system; without a common venue for liquidity, markets are inefficient. Given their importance, the ideal exchange is fully transparent, has no downtime, and is accessible to anyone wantin...
RubiconThe Die is Cast: Launch of Decentralization and $RUBI
🌍 The Launch of $RUBIAd Victoriam. Rubicon exists to build the World’s Last Financial Exchange — a decentralized, non-custodial trading platform that democratizes access to global markets. Our mission is to accelerate the advent of an open, efficient, and transparent financial system for humanity, governed and operated by its users. Over the past four years, Rubicon has processed over $200 million in onchain trading volume across many protocol versions. Every trade has been non-custodial, ve...
RubiconToken Bridging is live on Rubicon
Today we are launching a Token Bridge in the Rubicon App! Select the Bridge on the sidebar to transfer tokens to and from Ethereum, Optimism, and other blockchains 🌉 Powered by Socket, our Bridge finds the best route from major token bridges with support for hundreds of token combinations and 9 blockchains:Whether you are bridging to Optimism to trade on Rubicon for the first time or you’re seizing an opportunity on another chain, our Bridge finds you the best route without having to leave t...
RubiconRubicon v1 Whitepaper
Rubicon v1 [repo] Benjamin Hughes, Forrest Norwood contact (at) rubicon (dot) finance March 19, 2022AbstractIn this paper, we introduce Rubicon v1, an order book protocol for Ethereum, and by extension an order book protocol for the world.BackgroundAn exchange is the most important venue in a given financial system; without a common venue for liquidity, markets are inefficient. Given their importance, the ideal exchange is fully transparent, has no downtime, and is accessible to anyone wantin...
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While May was dominated by negative crypto headlines, our team at Rubicon blocked out the noise and kept building.
As of writing, the Rubicon order books have tighter spreads than ever before, all Pools have produced positive monthly returns, and OP liquidity mining on Rubicon is right around the corner! A few other highlights include OP markets going live, the protocol reaching $1 million total value locked (TVL), and our Code4rena audit contest for the Rubicon v1 codebase.
This month we will officially launch Rubicon v1 on Optimism once we release a protocol version that implements recommendations from the audit contest!
On May 31st, Optimism airdropped the OP token to more than 130,000 addresses! Most Rubicon users were able to claim this airdrop, if you have not already claimed you can check your eligibility here.
Shortly after the drop, Rubicon order books went live for OP-USDC, which has been the most popular pair on Rubicon since its launch 🔥
In its first full week of trading, the OP liquidity pool produced over 4% returns for liquidity providers. That’s the power of active management!
While May was dominated by negative crypto headlines, our team at Rubicon blocked out the noise and kept building.
As of writing, the Rubicon order books have tighter spreads than ever before, all Pools have produced positive monthly returns, and OP liquidity mining on Rubicon is right around the corner! A few other highlights include OP markets going live, the protocol reaching $1 million total value locked (TVL), and our Code4rena audit contest for the Rubicon v1 codebase.
This month we will officially launch Rubicon v1 on Optimism once we release a protocol version that implements recommendations from the audit contest!
On May 31st, Optimism airdropped the OP token to more than 130,000 addresses! Most Rubicon users were able to claim this airdrop, if you have not already claimed you can check your eligibility here.
Shortly after the drop, Rubicon order books went live for OP-USDC, which has been the most popular pair on Rubicon since its launch 🔥
In its first full week of trading, the OP liquidity pool produced over 4% returns for liquidity providers. That’s the power of active management!
It’s important to remember that liquidity pools on Rubicon can have negative returns depending on market conditions, but so far we are very excited about the OP pool’s performance!
As part of the launch of Optimism governance, the Optimism team proposed OP allocations to projects built on the network. Rubicon received an allocation of 900,000 OP, which we will use to incentivize liquidity providers, reward early users with an airdrop, start a Rubicon Grants Program, and seed the OP liquidity pool.
You can find more details in our proposal on the Optimism governance forum, but here’s the summary:
540,000 to OP Liquidity Mining in Rubicon Pools
135,000 to a Rubicon Grants Program
135,000 to an Early User Airdrop
90,000 to the OP liquidity pool
The Phase 0 proposals from Optimism projects will go through Optimism governance in one batch, with voting starting June 9th. If you are an OP holder, you can vote on the proposal through Snapshot. A vote for this proposal would kickstart OP liquidity mining on Rubicon and over a dozen other apps on Optimism! So far, it looks like the proposal will pass 🥳
On May 23rd, Rubicon started a $50k audit contest on Code4rena covering the Rubicon v1 codebase.
The contest was a massive success, we got great feedback on our contracts from dozens of C4 wardens, and have already started implementing their recommendations.
In the coming weeks, Code4rena will publish a report on the Rubicon contest. In addition to this, we plan to publish our own writeup that will detail protocol changes to be implemented in a v1.3 protocol release.
After receiving feedback from our community, we made some improvements to the Open Order tab to increase its usability and convey more information to traders:
This month we plan to officially release Rubicon v1, continue adding support for new markets, improving the Rubicon app, and refining Rubicon Pools to prepare for the decentralization of market making.
And on top of all these upgrades, Rubicon will receive an OP allocation this month! This means OP liquidity mining, an OP airdrop to early users, and the start of a grants program for contributors 😎
Thanks for reading! Here’s where you can find us online:
Reach us at contact (at) rubicon (dot) finance
Alea iacta est.
(This post is for educational purposes only. Nothing in it should be construed as financial advice. Do your own research before making investments)
It’s important to remember that liquidity pools on Rubicon can have negative returns depending on market conditions, but so far we are very excited about the OP pool’s performance!
As part of the launch of Optimism governance, the Optimism team proposed OP allocations to projects built on the network. Rubicon received an allocation of 900,000 OP, which we will use to incentivize liquidity providers, reward early users with an airdrop, start a Rubicon Grants Program, and seed the OP liquidity pool.
You can find more details in our proposal on the Optimism governance forum, but here’s the summary:
540,000 to OP Liquidity Mining in Rubicon Pools
135,000 to a Rubicon Grants Program
135,000 to an Early User Airdrop
90,000 to the OP liquidity pool
The Phase 0 proposals from Optimism projects will go through Optimism governance in one batch, with voting starting June 9th. If you are an OP holder, you can vote on the proposal through Snapshot. A vote for this proposal would kickstart OP liquidity mining on Rubicon and over a dozen other apps on Optimism! So far, it looks like the proposal will pass 🥳
On May 23rd, Rubicon started a $50k audit contest on Code4rena covering the Rubicon v1 codebase.
The contest was a massive success, we got great feedback on our contracts from dozens of C4 wardens, and have already started implementing their recommendations.
In the coming weeks, Code4rena will publish a report on the Rubicon contest. In addition to this, we plan to publish our own writeup that will detail protocol changes to be implemented in a v1.3 protocol release.
After receiving feedback from our community, we made some improvements to the Open Order tab to increase its usability and convey more information to traders:
This month we plan to officially release Rubicon v1, continue adding support for new markets, improving the Rubicon app, and refining Rubicon Pools to prepare for the decentralization of market making.
And on top of all these upgrades, Rubicon will receive an OP allocation this month! This means OP liquidity mining, an OP airdrop to early users, and the start of a grants program for contributors 😎
Thanks for reading! Here’s where you can find us online:
Reach us at contact (at) rubicon (dot) finance
Alea iacta est.
(This post is for educational purposes only. Nothing in it should be construed as financial advice. Do your own research before making investments)
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