Project X - Fresh interactions on HyperEVM 🦎
Project X is a DEX on HyperEVM, focused on AMM
It launched 5 days ago and its TVL is already over $40M
In general, the DEX includes two main functions:
- Swap
- Liquidity pools
At the same time, they launched a point system, somewhat similar to Hyperliquid
Points are awarded for: providing liquidity, trading, and inviting friends
Points depend on the fees you generate
If you generate $100 in fees while having more in the liquidity pool
Than someone who generated $1K, he will get more points anyway
And of course, the system is almost like Hyperliquid’s:
- 1 million points are distributed every 24 hours
- for the top 100 participants by points per day, a point multiplier is applied during the first month
And lol, there will be point slashing for those who use fake trading, self-referrals, etc.
What’s most interesting is the project is 100% self-funded, one-to-one like $HYPE
Curious to see how they develop further, but it already looks interesting to me
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