Substance Exchange is a leading derivative trading platform on Layer2.
The official website of Substance Exchange is [].
Th e token of Substance Exchange is $SEX.
The $SEX token is mainly used for liquidity incentives and governance.
The total supply is 1 billion.
On the web platform, click on the "person" icon at the top right corner, select "Overview," and you can view your UID.
We support Web2 login and Web3 login methods like Metamask.
Trading rewards: LPs receive all the trading profits from the counterparty's losses.Staking rewards: If LPs are willing to lock their provided liquidity for a certain period, they will receive additional rewards based on the lockup duration. The reward mechanism is the same as staking $SEX tokens. For more details, please refer to the "Liquidity & Earn" section.
Staking $SEX allows users to earn $SEX rewards for liquidity.
After the user's asset staking period expires, the $SEX token rewards generated from the staking will be released linearly over the next 365 days. Users can claim the released rewards in the "Lock&Earn - Unlocked" section.
The longer the staking duration, the higher the reward multiplier.
70% of the trading fee revenue, income from SEX/ETH liquidity, and $SLP minting will be used for $SEX buybacks. All bought-back $SEX tokens will be burned, and the buyback and burn events will occur randomly.
30% of the trading fee revenue will be used to cover operational costs such as oracle fees and gas fees for order execution. The remaining 70% of the trading fee revenue and other income will be used for $SEX buybacks. All bought-back $SEX tokens will be burned, and the buyback and burn events will occur randomly.
Substance Exchange aspires to co-develop the community with its users. In the future, we will invite users who stake SEX tokens to participate in the governance of the platform.
You can make fiat deposits through Alchemy Pay, supporting methods such as Visa, Mastercard, Apple Pay, Google Pay, etc.
No, it is not supported.
The liquidity pool supports USDT, USDC, USDC.e, and DAI.
Most trading pairs on SubstanceX support a maximum opening leverage of 100x. You can refer to "Perpetual Specifications" for details on each trading pair.
The price is determined by oracle feeds and influenced by user trading.
Yes, it supports market orders, and you can select the order type on the trading page.
The current minimum trading volume for perpetual futures is $10 USDX.
Referral commissions are divided into four levels:
Level 0: No requirements, the referrer is entitled to a 10% total commission rebate.
Level 1: Valid users β₯ 3, the referrer is entitled to a 20% total commission rebate.
Level 2: Valid users β₯ 10, the referrer is entitled to a 30% total commission rebate.
Level 3: Valid users β₯ 20, the referrer is entitled to a 40% total commission rebate.
There is no limit. You can share your referral code with as many people as possible.
Certainly. One UID can generate up to 20 referral codes.
The user's referral commission belongs to their personal assets and can be claimed at any time.
Referral commissions have no expiration date. Users participating in the referral program will enjoy the rewards permanently. However, please note that the referral rank operates on an escalator mechanism with updates occurring every four natural weeks.
It may be because the required number of valid trading users has not been reached or it is not yet time for the referral commission ratio adjustment and upgrade.
"ROI" calculates your real return on investment as follows:β¨ROI = (Total Closing Income - Total Opening Expenses) / Total Opening Expensesβ¨β¨ Total Closing Income: Position Collateral + PnL + Funding Fee(Positive) β¨Total Opening Expenses: Opening Collateral + Opening Fees + Closing Fees + Borrowing Fee + Funding Fee(Negative)
When the available liquidity in Liquidity Pool is less than the total sell amount of all users within the current Epoch, due to insufficient available liquidity, users' sell requests may only be partially executed. The system will execute your sell request based on the percentage that your sell amount represents out of the total sell amount. Unsuccessfully sold SLP will be refunded to you. You can claim this portion of SLP in the "Your Status - Returned" section.
You can join our Telegram group () and Discord server ().
Substance Exchange currently has only one external email. You can send your needs or feedback to .
