🚀 @reya_xyz is currently the #6 perp dex in terms of 24-hour volume.
We have been farming reya points since April 2024 [Posted first here: ]
Hope it cooks
They have surpassed Avantis, Jupiter, GMX, and MYX in terms of 24-hour volume.
Compared to the 7-day volume, it sits just below Avantis (with a volume difference of just $40 mil)
Now, the TGE has been taking a long time, but if they launch in this market, I think that would be a smart move.
According to a recent AMA, the tokenomics will be announced in 2 weeks.
Additionally, they plan to allocate 45% of the token supply for airdrops.
▫️ Also, as of now, only 7.6M RCP (Reya Chain Points) have been distributed.
You can earn 3 rewards in one go by parking some stablecoins on the Reya Network
💰 You will earn:
• 20-40% APY [Varies]
• Elixir potions [For Elixir Airdrop]
• Reya XP [For Reya Airdrop]
We had already covered it back in April [When it just started]
The project is backed by Coinbase Ventures, Framework, CMS, Wintermute, etc
✅ Guide:
1. Join:
2. Connect wallet
3. Go to "Stake"
4. Choose "Arbitrum" network
5. Enter the USDC amount
6. Stake and it's done
But as with any other Defi protocols, there are risks involved such as hacks and other security risks
So always take care of that
Anyway, I have been fully focused on farming it since the launch
I hope this one cooks like Hyperliquid
Also, climbing the ranks is a bit easy compared to the other protocols
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