Intent based perp, Raised 2.5m from..?

New type of Perp?

Intent based perp

• Perp without liquidity provider

• Raised 2.5m from @Castle__Cap & @Magnus_fund

• New type of Perp?

Learn everything about @IntentX_

Content preview

• 🔹 What is intent X

• 🔹 How does it work

• 🔹 Why trade here instead ?

• 🔹 If there is no LP, who are trader trading agasint

• 🔹 Advantage & Disadvantage of this design

• 🔹 Tokenomics explained

• ⭐ ACTIONABLE

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🔹 What is intent X

Intent X is a Perp without the need of liquidity provider unlike GMX

It's intent-based trading architecture allows market makers to act as liquidity for traders

Allowing cheaper fees & more tradable asset

Without dependent of LPer values goes to token holder

🔹 How does it work

An intent is a trader's ability to express their desire to trade a position on IntentX

• 1️⃣ Express intent to open/close trade

• 2️⃣ Request for Trade or Request for Close

• 3️⃣ Market maker hedges position and accepts request

• 4️⃣ Trade opened or closed

🔹Why trade here instead ?

• ✅ More pairs to trade

• ✅ Deeper liquidity ( get up to 60x leverage )

• ✅ Lower fees

• ✅ Seamless execution

• ✅ Programmatic guarantees and security

• ✅ Great UI/UX + Account Abstraction

Most importantly for speculators

• ✅INTX Trade to Earn Incentives 💸

🔹 If there is no LP, who are trader trading agasint

Market makers!

instead of peer-to-pool model like GMX

trades in intentx are directly peer-to-peer with market maker's help

This allows listing pair without boostraping liqudity from public with liquidity mining incentives

🔹 Advantage & Disadvantage of this design

• ✅ There is no LP, more protocol values goes back to token holder or trader ( trade to earn, referral emission etc )

• ❌ If there no LP users are trading agasint market makers, and if its not profitable why would market maker stay there?

Comparing to other perps it's not really a simple better or worst design answer,

The approach is different, utilizing MM enable more pairs quickly & effectively ( depending on MM quality as well )

In the end of the day, perp dex is about how much trading volume can they attract

- Expanding on trading vol in case u don't perp onchain

As a trader, as long as u are happy with the UIUX, trading fee and the spread ( + possibly trading incentive ) u would trade there

as a on-chain perp the spread is around 0.1% &

gains spread is around 0.04%

Looking into the tokenomics

• There are 2 tokens $INTX & $xINTX

• TLDR if u don't stake INTX into xINTX

  u don't can't get any protocol value

the uilities of $xINTX are

• 100% of revenue distributed to xINTX stakers

• Long-term increasing share of protocol through the exit fee mechanism

• Increased Trader Incentives & Referral Program Rewards

• Access to unique strategies and products (Solver LP)

xINTX staking machanics

• INTX is staked to xINTX 1 to 1

• Dynamic unstaking machanism, where the earlier u stake the more xINTX is charged and redistributed into the pool

• The longer your xINTX is staked, the higher the reward multiplier is

🔹In conclusion

xINTX machanics wise is designed to incentivize people to stake, earn protocol fee + early unstaker fee.

The some game theory between when to unstake for the most optimal tokens & price

It's TGE & Valuation is unsure yet. will update when they have list the info

⭐ ACTIONABLE

2% of supply is for airdrops for early traders & zealy adopters

Additional to early traders & Zealy adopters program

U can also use my referral code for additional 15% xINTX reward bonus

https://app.intentx.io/?referral=2lambroz

This is NOT a sponsored post.

i just enjoyed their product n think its worth keeping an eye on

I hope u find this insightful or valuable somehow.

Feel free to support me in my substack, use my referral links

or just come chat with me in medium rare!

I will keep this substack free, but if you ever want to support me feel free to join my subscription