How to Earn $RDEX?
Last updated
Last updated
$RDEX is distinct from typical BRC20 tokens and does not fall under the Meme coin category. Instead, it is the world's first functional token on the native Bitcoin network, primarily used to quantify a user's contribution to the Orders platform. Looking at its token model, $RDEX is mainly divided into two parts: early participation rewards and P-LP participation rewards. The early participation rewards have already concluded. To obtain more $RDEX, one can actively participate in P-LP.
Orders' P-LP offers users two different liquidity provisioning schemes: uni-directional and bi-directional, allowing users to choose based on their preferences.
Uni-directional liquidity only requires users to provide BRC20 tokens. In contrast, bi-directional liquidity demands more from users: they must supply both BRC20 tokens and a corresponding amount of BTC based on the current market price. Once the liquidity provided by the user is fully utilized, they immediately receive liquidity rewards, allowing users to reclaim their provided liquidity tokens and the earned rewards at the earliest opportunity. Naturally, since providing bi-directional liquidity means committing more tokens, those providers will receive comparatively larger rewards.
Moreover, since P-LP is the first fully decentralized liquidity pool solution built entirely on the native Bitcoin network, the liquidity provided by users remains in their wallets until utilized. This ensures the safety of the liquidity assets users provide to Orders.
P-LP is the first liquidity pool solution entirely built on the native Bitcoin network, with the core characteristics of being fully trustless and decentralized. This is evident as the liquidity assets that users provide to Orders' P-LP remain in the user's wallet until utilized.
After the liquidity is used, users can manually reclaim their provided liquidity assets and the generated liquidity rewards within Orders. It's essential to note that, due to P-LP's trustless and decentralized nature, the liquidity assets provided by users remain in their wallets.
So, once those assets are used by the user, they can no longer be used for P-LP, nor can they generate any rewards. It is recommended that users employ a separate wallet to participate in P-LP to easily distinguish between asset categories.
The core objective of the P-LP liquidity pool solution is to ensure that BID Orders in Orders can be created at any time to meet users' immediate asset selling needs. One of its defining features is its resilience against market fluctuations. To achieve these goals, Orders offers users a higher liquidity injection allowance.
Given the unpredictable nature of the market, sometimes drastic market fluctuations can lead to much higher market prices. Liquidity provided based solely on prior market rates may become unusable due to these shifts. Consequently, users can opt to provide bi-directional liquidity to P-LP at rates higher than the current market price.
Similarly, if a user provides more liquidity assets to P-LP compared to other users, they stand to gain higher liquidity rewards once that liquidity is utilized. However, in general terms, Orders' P-LP prioritizes the use of standard rate liquidity.
P-LP fundamentally differs from any other well-known LP solutions. P-LP is the first liquidity pool solution entirely built on the native Bitcoin network, with core characteristics of being fully trustless, decentralized, and resistant to market volatility. Its primary purpose is to ensure that BID Orders in Orders can be instantly created, fulfilling users' immediate asset selling requirements.
Due to P-LP's utilization of PSBT (Partially Signed Bitcoin Transactions) technology combined with multi-signature methods, it ensures that the liquidity assets provided by users remain in their wallets until utilized. Moreover, users still retain control over these assets, meaning they can use them whenever they wish.
The P-LP liquidity pool solution offers users a genuinely safe, decentralized liquidity provisioning experience. There's no need to lock assets, no need for collateral, and no risk of losing funds.
$RDEX will be bought back and burned daily. To mitigate risks, the buybacks will be divided into three sessions daily, based on 48 blocks each.