Salsadex failed experiment

After failing to make a sustainable DEX, it's clear that creating an exchange is difficult. Just trade somewhere established and liquid. partner.bybit.com/b/aff_7_27 To be fair, on-chain has never been more risky with AIs gaining capacity to find exploits, and NK hacking DRIFT.

@Salsadex_ will be discontinued. Thank you to everyone who supported us. Unfortunately, we have lost our only employee (myself) and are therefore forced to shut down. Please withdraw your funds.

@Wisdom_HQ 116 I hate this new algo

Our GOAT @DefiSquared gave up his PnL, making way for @TaikiMaeda2 and @Gold_Mansack from the SalsaDEX corner. Also, @SalsaTekila managed to swing back to a positive PnL. 10 days left in the UCC competition—about to get spicy 🌶️ app.orderly.network/campaigns

Rewards have been distributed to all qualified participants! Congratulations to the winners!

@PieWei @NurUrgh Not sure what caused it. We speculate it could be a metamask false flag that triggered google to mark the website as unsafe. It's been appealed. Hopefully resolved shortly. Funds are safe otherwise.

@NurUrgh @Salsadex_ same

Did you know? You can add SalsaDex to your home screen and connect the web app to your desktop seamlessly. It stays connected for up to 30 days! Trade when it matters, from anywhere, with your phone.

Something Spicy for you. Trade on @Salsadex_ , profit, and dance your way up the ranks to grab your share of 175,000 $ORDER 💃 This DEX was built using Orderly One by the legend @SalsaTekila Trade between 🗓 Oct 15, 9:00 – Nov 12, 23:59 (UTC) to win.

Trade RWAs, like SPX500 and NAS100, on @Salsadex_.

@0xIQzz @SalsaTekila @DefiSquared dune.com/orderly_networ… You're essentially trading on this network. The dashboard only includes the profit, fees, and numbers displayed on the salsadex frontend, which was recently created. Fees will always be low since I don't charge much and there are zero taker fees.

Orderly is still so cheap that its staking APR from just a portion of its fee revenue is consistently over 40% without using any token emissions or points to incentivize trading volume. People have become so accustomed to assuming that any high staking yields are padded by token emissions or points farming that they often just glance over it- but in this case it's literally doing $17 Bil a month in volume organically and un-incentivized. The project also just passed a governance vote to begin using up to 60% of fee revenue to perform open market buybacks, which starts this month. Honestly there's not even much else to add on this point because it's just so clear cut; the market hasn't properly priced in growth potential here at all despite the number of Orderly DEXes starting to increase exponentially and the revenue APR already beating every other top competing perp DEX protocol relative to valuation.

We are proud to announce the release of salsadex.com, powered by Orderly. This omnichain Perps DEX lets you trade 130+ assets with up to 100x leverage seamlessly across 17+ chains using multi-collateral. We are the leading front-end, offering the cheapest fees.