$PUFF, USDe, Arbitrum Rewards, and New Trading Pairs in Store for KTX.Finance

BY
Bitskwela
/
May 2, 2024

This April, KTX Finance is introducing the Arbitrum April Easter Adventure, providing participants the opportunity to win rewards while engaging in various on-chain and social challenges. Running from April 13th to May 12th, 2024, this event highlights KTX Finance's dedication to enhancing its community's experience and expanding its presence in the crypto space. As KTX continues to grow in trading volume, user engagement, strategic partnerships, and innovative solutions, it is clearly cementing its position as a key player to watch out for in the future of the decentralized finance (DeFi) space.

KTX Launches the Arbitrum April Easter Adventure

From mid-April to mid-May 12th this year, KTX Finance is offering $2500 in KTC Token rewards through the Arbitrum April Easter Adventure. Members of the KTX community will be able to take part in several fun and challenging tasks to increase their chances of winning, with 100 lucky participants set to receive $20 each. Alongside the on-chain tasks, participants also get to rack up daily points through social campaigns, such as engaging with the community and inviting friends and colleagues to check out what KTX has to offer. 

The adventure starts on April 13th, 2024, at 12:00 UTC (20:00 PHT) and continues through until May 12th, 2024, at 12:00 UTC. All tasks will be verified from April 13th, 2024, at 12:00 UTC to May 14th, 2024, at 12:00 UTC. The winners of the on-chain adventure raffle will be chosen using the Galxe raffle system, a method that ensures that everyone’s efforts are counted fairly. KTX Finance will announce the raffle winners and the top achievers of the social tasks via their official Twitter and Discord channels.

KTX.Finance's Growth Trajectory Continues to Rise

KTX Finance continues to reach new highs in terms of trading activity, volume, and user base. It currently boasts around $4.8 billion in trading volume, which indicates strong market confidence and liquidity on the platform. It has successfully attracted over 30,000 unique traders—proof of its appeal across different trader demographics and its ability to satisfy the needs of its expanding user base.

In terms of financial health, KTX Finance has generated over $4 million in fees and has a total value locked (TVL) of approximately $10 million. It currently ranks among the top DEXs on Arbitrum. On the Mantle network, it keeps taking the lead in every significant metric.

More Ecosystem Integrations and Partnerships Ahead

KTX.Finance’s continued success in the DeFi space is due in part to forming several partnerships to enhance its service offerings and expand its market reach. One important collaboration is with Vaultka on Arbitrum, which led to the introduction of the KLP Leverage Vault that offers an annual percentage rate (APR) of 192%.

KTX also partnered with Merchant Moe on the Mantle network, resulting in the KTC/MNT vault which offers an APR of 224%. Another key partnership is with Ethena, also on the Mantle network. Ethena’s USDe is now integrated into the KTX liquidity pool and KTX is taking part in the Ethena Season 2 Sats Campaign which encourages users to deposit USDe into the KLP. KTX has also become the first PerpDex on Mantle to offer trading of ENA perpetuals.

Please note that the annual percentage rates (APRs) mentioned are estimates and subject to change based on market conditions.

More Product Innovations on the Way

Supported by the technological expertise of ByteTrade Lab and the financial backing of Susquehanna International Group, KTX continues to expand its offerings to meet the evolving needs of the crypto market. The platform is gradually introducing a range of new trading pairs, including $ENA, $mETH, $MOE, and $PENDLE, which are designed to cater to a growing user base looking for varied trading options to diversify their assets. 

In addition to expanding its trading pairs, KTX is set to launch the "My Portfolio" page, a feature that provides traders with a more personalized and comprehensive view of their profit and loss (P&L) and staking rewards. Through this, traders get detailed insights into their financial activities and performance metrics.

KTX has also integrated Mantle's cornerstone memecoin, $PUFF, into its Blindbox Rewards program. Plans are underway to expand the Blindbox Rewards with more prizes in hopes of enriching the user trading experience on the platform. 

KTX is also holding campaigns to incentivize user engagement across its platform. One such initiative is the Mantle Fee Rebate Pilot Program, which offers a 75% discount on trading fees. 

Based on these developments, we can see that KTX.Finance is on track to establish itself as a frontrunner in the DeFi and crypto trading sector. With strategic partnerships and innovative product offerings in the pipeline, we can look forward to even more exciting developments ahead.

Bitskwela
Education Company

Bitskwela is a Filipino-led edutech platform that strives to make Bitcoin and cryptocurrency education accessible to all Filipinos of any ethnicity.

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