Satori Finance is a decentralized crypto derivatives platform, operating across multiple networks like zkSync Era, Base, Scroll, X Layer, Polygon zkEVM, and Linea. This article examines the potential for a retroactive airdrop for early users and the activities that could influence their eligibility.
In May 2022, the project closed a $10 million funding round. Investors included prominent names like Polychain Capital (Lead), Coinbase Ventures, Jump Crypto, C² Ventures, and Blockchange Ventures. Although the amount raised is relatively small compared to other market instances in this segment, the caliber of the investors is notably strong.
The project has seemingly guaranteed retroactive rewards. There is a direct statement from the team regarding the criteria, alongside guaranteed funding, a still small user base, and an established point accrual program.
As of the writing, the Satori V2 protocol has been launched. The project will incentivize the following activities:
- The volume of locked (deposited) funds;
- Number of transactions;
- Trading volume;
- Duration of transactions;
- Liquidity provided to the order book.
To start trading, you need to allocate a specific amount of USDC and ensure you have the necessary cryptocurrency to cover transaction fees on your selected network. You can convert your existing cryptocurrency to USDC using decentralized exchanges like SushiSwap or SyncSwap.
Connect your wallet, select the network, and click on the 'Portfolio' tab. Here you can deposit USDC into the exchange. Additionally, this section allows you to view all your positions, orders, and their history.
Funding your account on Satori Finance Source: satori.finance
Next, move to the 'Trade' tab, choose a trading pair, and start executing trades. Both limit and market orders are available. You can use leverage ranging from 1x to 25x. Be aware that your position might not display immediately. If this happens, try refreshing the page after a few seconds. For each created position, you can set Take Profit and Stop Loss.
Creating a trading position on Satori Finance Source: satori.finance
If you are trading merely to show activity, consider hedging your positions by creating offsetting trades on another platform (such as a centralized exchange). This way, your overall balance will remain around zero, regardless of the outcomes of your trades on Satori.
Checking your points on Satori Finance Source: satori.finance
Note that points might not be credited immediately. You can check your points and ranking in the 'Leaderboard' tab. Stay updated with the project's announcements through its social media accounts, such as X and Discord.
This article is intended for educational purposes only. It should not be used as a basis for making investment decisions. Always conduct your own research.
This article is intended for educational purposes only. It should not be used as a basis for making investment decisions. Always conduct your own research.
Dmytro Psevdonimenko
Author
Has been exploring the enigmas of the crypto industry since 2017, transforming them into accessible narratives. Relies on dark chocolate and nuts as a secret source of energy and inspiration.
