Clone
@CloneProtocol
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Trade any asset natively on Solana π
Solana
Joined August 2021
After much consideration, weβve made the tough decision to deprecate our cloned asset pools due to resource constraints. Our top priority is ensuring that all users can safely withdraw 100% of their deposited capital. We are initiating a 3-stage deprecation process immediately.
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Join Us Tomorrow! Tomorrow at 11:00 AM EST, @0xmark_clone will be hosting a community call on our Discord to answer all your questions about the Clone Protocol deprecation process. We look forward to your participation and are here to support you during this transition.
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Rain, but make it cross-chain. Starting now you can trade cloned @CloneProtocol: $BNB, $SUI, $DOGE, $ARB and $APTOS All on Solana, all natively π
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The Clone Wars is heating up and we need you! Your participation doesnβt just benefit you, it helps grow the Grand Army and Clone Protocol. Invite your friends to join the fight and strengthen our forces. Refer friends and earn 10% of their trading and liquidity points. No
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Providing Liquidity = exposure to [REDACTED]!π Higher volumes of clAssets are boosting APRs for LPs while new points multipliers support even more rewards for your contributions π Participation makes a difference for Clone AND you. Join the Grand Army early and help us
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6/ Ready to dive into funding rate farming on Clone? Use the links below to start trading cloned assets and begin you're funding rate farming journey! Discord: https://t.co/kCB6zAZ7CW Clone Markets: https://t.co/4yYs4IPxfA FRF Article:
cloneprotocol.medium.com
Clone is a Solana DEX optimized for non-native token trading through cloned assets, or clAssets. There are currently 7 clAsset marketsβ¦
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5/ Stay Safe and DYOR π Funding rate farming comes with inherent risks that you must be aware of. Conduct thorough research and understand the risks of trading perps on exchanges like Drift. Always monitor your positions to avoid liquidation. Success in DeFi demands vigilance!
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4/ How do I get started? π§βπΎ All seven of the cloned assets currently available on Clone are also listed on Drift, so it's possible to funding rate farm with any of these tokens. If any token has a positive funding rate, follow the simple steps above and and start earning!
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3/ Funding Rate Farming with Drift and Clone πΎπͺ Letβs walk through a simple example of how a trader could use Clone and Drift to farm a positive funding rate. In this example, weβll assume that ARB has a positive funding rate on @DriftProtocol. 1. Buy clARB on Clone 2. Short
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2/ What are Funding Rates? π Funding rates on a perp DEX like @DriftProtocol ensure that an asset's contract price stays aligned with the spot price, balancing the market. If an asset has a positive funding rate, traders who are long need to pay those who are short, and
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What is Funding Rate Farming? π§βπΎ Funding rate farming is one way traders can utilize cloned assets alongside perp exchanges like @DriftProtocol to find yield within Solana DeFi. This method allows traders to earn yield (and points!) in a delta-neutral position by leveraging
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5/ Join the Clone Revolution β¨ We're thrilled to welcome the Drift community into the Clone ecosystem. By becoming part of Clone, you're joining a force set to transform the future of Solana DeFi. Join our Discord, check out our docs, or dive into our pioneering dApps: Clone
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4/ What are Cloned Assets? πͺ Clone offers the first scalable solution for bringing liquidity and utility for new non-native tokens, like DOGE, to Solana through cloned assets. Our mission is simple, we plan to help Solana DeFi reach its full potential by bringing the entire
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3/ Why Drift? π Aside from the Drift community being one of the strongest in Solana DeFi, there are some interesting synergies between our products that we believe makes this promotion even more exciting. Funding rate farming is a unique trading strategy that allows users to
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2/ How are Your Points Multiplier Calculated? π Your points multiplier is determined entirely by the amount of $DRIFT you are staking. Below is the breakdown of multipliers based on your staked amount: 0 < $DRIFT Staked < 350 β‘οΈ 1.2x multiplier 350 < $DRIFT Staked < 1400 β‘οΈ
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Introducing the $DRIFT Points Promotion on Clone Protocol! πΎπͺ If youβre staking $DRIFT, you are eligible for a multiplier between 1.2x and 1.6x on all your points earned on Clone. In the coming days, we will dive deeper into unique trading opportunities that arise between
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Markets down? No problem. Our liquidity is strong, and so are your rewards. Keep contributing and watch your points stack! π Supplying liquidity brings a multitude of benefits within the Clone ecosystem. The greater your provision, the great your rewards!π€ wen boost?
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Texture DeFi Spaces ft. @CloneProtocol and @SolanaHubApp π Letβs talk about Solana DeFi! Wednesday, 4 pm UTC, set your reminder π
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Hey Cloners! (wink wink nudge nudge)... Donβt forget about our points program! π€« Hereβs a quick reminder on how you can rack up those points and climb the ranks! π° Trading Points: Earn 1 point for every $1 traded in clAssets. Buy or sell, it all counts! π§
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