Key Takeaways
- Rage Trade is a multichain perpetuals decentralized exchange (DEX) aggregator founded in 2021 that connects users to perpetual swaps on various DEXs.
- The project aims to bring together scattered liquidity for a smoother trading experience for on-chain traders.
- Rage Trade is launching its token sale ($RAGE) on the Hyperliquid blockchain on July 31st, 2024.
Rage Trade, a decentralized exchange perpetuals aggregator, has announced the launch of its new token, $RAGE, which will be launched on July 31st, 2024.
The token will be introduced through a liquidity generation event (LGE) and a sale on Fjord Foundry. The token will operate on the Hyperliquid blockchain, a recently popular layer-1 network known for its decentralized perpetuals exchange.
What Is Rage Trade?
Rage Trade is a multichain perpetuals DEX aggregator founded in 2021 that connects users to perpetual swaps on various decentralized exchanges such as GMX, Synthetix, dYdX, Aevo, and Hyperliquid, allowing traders to find the best execution, prices, and markets for their perpetuals trades.
Perpetuals are simply a type of futures contract with no expiration dates, whose design allows for trading cryptocurrencies with leverage.
Rage Trade launched their multichain perpetuals aggregator on November 30th, 2023, and since then have onboarded over 4,000 new traders and generated over $800 million in total volume.
Why Use Rage Trade?
On-chain traders often switch between decentralized exchanges to diversify risks, exploit price/funding arbitrage, or engage in farming.
The project aims to bring all scattered liquidity together for a smoother trading experience, similar to what DEX aggregator 1inch Network did for its spot price aggregator.
However, perpetuals need more functionalities than simple trade executions; they need smart position management, a feature that their aggregator optimizes.
Therefore, they have created the Rage Aggregator to make on-chain perpetual trading as smooth as using your favorite centralized exchange platforms, bringing together liquidity from various perpetuals into one easy-to-use interface.
That said, with Rage Trade, users will get the following:
- Aggregated liquidity from multiple perps.
- The best prices, funding rates, and lowest fees.
- Easy bridging across different chains and assets.
- A single referral link that works across all perpetuals.
Rage Trade’s Features
The platform’s features focus on enhancing on-chain perpetual traders’ experience by embedding unique functionalities such as the following:
- Aggregated Liquidity – Trade against deep unified liquidity across multiple perps and chains simultaneously.
- Optimized Routes – Rage Trade’s route selector labels routes with incentives and sorts exchanges by the best price or funding rates, ensuring ease and speed.
- Cross-Chain Collateral Management – Easily move collateral across chains or swap between hundreds of crypto assets across 15+ EVM-compatible chains. Never worry about running out of margin again!
- Aggregated Referrals – Earn referral rewards by referring friends to all popular DEXs from a single interface on the Rage Trade platform.
- EOA Wallet Compatibility – Users can connect to their favorite Externally Owned Account (EOA) wallet and start trading instantly!
Overall, Rage Trade aims to make the users’ trading experience smooth and efficient by applying these features.
The First-Of-Its-Kind Liquidity Generation Event (LGE)
Rage Trade is pioneering a community-centric token generation event for its $RAGE token on the Hyperliquid Layer-1 by allocating more tokens to the community than to private investors and the development team.
Notably, the launch will occur in two phases:
- Public Sale on Fjord Foundry
- TGE on Hyperliquid Layer-1
20 million $RAGE tokens will be sold at a fixed price of $0.30 on Fjord Foundry, and an additional 9 million tokens will be used to seed liquidity on Hyperliquid during the TGE. 6 million tokens have also been set aside for future market making and product incentives.
Moreover, Rage Trade will utilize Hyperliquid’s mechanism to populate its spot order book with a permanent liquidity pool. Hyperliquid developed this approach to ensure the liquidity cannot be withdrawn, eliminating the risk of a rug pull.
Rage Trade Chooses Hyperliquid L1 To Issue Its $RAGE Token
Hyperliquid is a decentralized perpetual futures exchange built on its very own custom blockchain, the Hyperliquid L1. It offers leveraged crypto trading similar to what you might find on a centralized exchange but in a non-custodial and permissionless way. The project’s vision is a fully on-chain open financial system with user-built applications interfacing with performant native components without compromising end-user experience.
Rage Trade has opted to issue its token on Hyperliquid after the network became the most popular avenue on Rage Trade’s Perpetuals Aggregator, with over 1,300 users generating $445 million in volume.
$RAGE Tokenomics
As mentioned earlier, Rage Trade has designed its tokenomics to ensure the community owns more than private investors and the team when the token launches.
Simply put, the community will own 35% of the token sale plus 6.5% for the airdrop, while private investors and the team will only receive 13.5% and 15%, respectively.
The $RAGE token will have a total supply of 100 million, 20% of which has been allocated to the token sale on Fjord Foundry. Moreover, up to 9% will be seeded into Hyperliquidity on the token generation event, and 30% will be put in the community treasury, subjected to a 12-month cliff and a 24-month linear vesting schedule.
Rage Trade also introduced a deflationary unlock feature, allowing private investors and airdrop recipients to Rage Quit (those who want to exit without waiting for their full vest) after their 3-month cliff by burning 60% on their allocation.
Post TGE Plans
Rage Trade’s token issuance does not end there! They have provided the following plans after the token generation event and will be adding more features in the future:
- Multichain Expansion – Rage plans to integrate with new chains and DEXs, including Solana (Drift and Jupiter), Blast (SynFutures, BFX, and Blitz), Berachain Berps, Appchains (Reya and Blackwing), and Arbitrum (Orderly and Perennial).
- Reinvesting In The Hyperliquid Ecosystem – Rage will reinvest part of the $RAGE treasury into Hyperliquid’s ecosystem, supporting native assets and projects. This will give $RAGE holders active involvement in Hyperliquid’s growth.
- Decentralizing Our Front End – Rage plans to make its platform more community-driven by decentralizing its front end. Users can vote using $RAGE on which DEXs or chains to aggregate. They will also open-source and host their code on IPFS, allowing anyone to access and integrate perpetual DEXs into Rage.
- Enhancing User Experience – Rage aims to be the Onchain Perp Screener, a one-stop shop for traders to monitor perp prices, funding rates, and opportunities across various on-chain routes. Traders will be able to manage positions and collateral from multiple wallets and earn incentives across various DEXs, making Rage the go-to spot for on-chain perpetual traders with a seamless experience for analysis, execution, and management.
Final Thoughts
Overall, Rage Trade has the best funding rates, the best prices, and the lowest fees. If you are trading on the Rage Trade platform, you will save a bit of money versus going to any other perpetual futures DEXs!
For further information on Rage Trade and to stay updated on their announcements, please visit their website and follow their official social media channels provided below:
👉 Website: https://www.rage.trade/
👉 Twitter/X: https://x.com/rage_trade
👉 Discord: https://discord.com/invite/88xj8vPwGe
👉 Token Sale Deck: https://bit.ly/RageTokenSaleDeck
