Chaotic, your go-to Synthetic Trading dApp on Moonriver!
Hey Chaotic fam!
Choosing a good DeFi protocol to start (or continue) your crypto trading journey is so important. You want something that’s efficient, cost-effective and stable. Chaotic promises this — and more!
As such, here are 5 reasons why Chaotic is your top choice for synthetic trading.
Kusama Relay Chain
The intention was always to build Chaotic on the Kusama network and there’s a very good reason for this. Kusama, Polkadot’s canary network “is built as a risk-taking, fast-moving” relay chain, with this in mind, Chaotic was born!
Being built not only on Kusama, but through Moonriver as a parachain offers a suite of benefits. Not least of which is Ethereum compatibility but also, Mooriver comes with a full set of developer tools and is one of the most active DeFi ecosystems on their network!
This is essentially borrowing against any money you deposit so that you have more to trade with. The leverage that perpetual crypto futures provide makes your capital go further if you’re confident in how you want to trade and what your objectives are. With regards to Chaotic, you can get up to 4x leverage and trade any of the 10 assets listed at launch!
Community-driven with benefits for supporters
Chaotic’s economy, community and governance will all be measured and driven through Chaotic’s utility token, $CHAOS. Governance and essential decisions regarding the protocol will be voted on and decided by Chaotic’s users through the Chaotic DAO — this includes parameters such as pledge-ratio, asset listings, leverage levels and rewards.These include the likes of:
Benefits for Supporters
If you’re already a supporter of Linear Finance’s Decentralized Protocol — ie. a $LINA staker, then you have been airdropped $CHAOS, with distribution based on a historically time-weighted average of the debt you’ve held in Buildr prior to Feb 20th 2022. (Click here to claim if you haven’t already done so!)
On top of this, 15% of Chaotic’s weekly rewards will be given to $LINA users who build debt on Linear Finance.
So much to gain! Our dApp is now live at chaotic.finance so check it out today and stay connected with us by joining all our socials!
About Chaotic Finance
Chaotic is the first community-driven delta one asset protocol on the Kusama network via Moonriver. Chaotic allows its users to get exposure to various synthetic assets by letting them trade long and short positions with up to four times leverage.