What Is Rage Trade?
Rage Trade is a perpetual swap protocol that aims to launch an extremely liquid ETH perpetual swap. It’s built around the innovative concept of “recycled liquidity” and uses a vAMM powered by Uniswap v3.
Background
Rage Trade came to market in 2022.
How It Works
The key to Rage Trade’s approach to liquidity provision is its “80-20 vaults.” This allows the platform to generate increased returns, creating a more passive LP experience for its users.
Users deposit their existing LP positions into Rage Trade, including LP tokens from various sources like Curve’s Tri-Crypto, GMX’s GLP, or DPX-ETH from SushiSwap. Rage Trade then keeps at least 80% of the underlying LP position in the original protocol and uses a maximum of 20% to provide concentrated liquidity on Uniswap v3. This approach replicates a similar payoff to Uniswap v2 and generates additional yields from the fees that their concentrated liquidity positions accumulate.
Key Takeaways
- Rage Trade is a perpetual swap protocol focusing primarily on providing a highly liquid ETH perpetual swap.
- The protocol was introduced to the market in 2022.
- It utilizes an innovative concept called “recycled liquidity” powered by Uniswap v3.
- Rage Trade operates on an “80-20 vaults” system, which allows for higher returns and a passive LP experience for users.
- Users can deposit their existing LP positions from various sources into Rage Trade, providing concentrated liquidity on Uniswap v3, generating additional yields.
