Major Players

Trader

Traders are integral to the platform's success who could enjoy trading leveraged long positions or short positions with no price impact on a range of whitelisted crypto assets, driving liquidity, fostering innovation, and contributing to a thriving trading ecosystem. When the funding rate is positive, traders that are long (contract buyers) have to pay dynamically borrow fees that are short (contract sellers). In contrast, a negative funding rate means that short positions pay longs.

Liquidity Provider

Liquidity Provider could deposit any supported assets into the LP pool in return for NLP tokens, which represents the LPs share in the diversified liquidity pool. As revenue of Liquidity Provider, 55% fees generated by the protocols will be rewarded to Liquidity Providers. At the same time, Liquidity Provider is counterparty of Trader, so if trader lost money, the side of the liquidity pool will increase, ultimately increasing the USD balance of LPs.

Holder

Those investors who hold NOX or escrowed NOX are called Holders, holders will earn from NeonNexus through multiple ways. such as compound, stake, participating governance, etc.