What is StandX
StandX is a perpetual decentralised exchange that has designed its mainnet across Binance Smart Chain (BNB) and the Solana network, allowing users to explore yield-bearing opportunities using its native DUSD. Users also have the chance to leverage DeFi opportunities such as real yield stablecoins and Perps DEXes, where users can earn yields on margin trades with no staking required.
The core design of the StandX has been built with users in mind, from the interfaces that give users a real feel for market movement to the vaults that allow users to earn from liquidity provision and fees.
This project’s idea has earned strong backing from the Solana Foundation and Yzilabs due to its unique approach to earning from perpetual and yield farming without staking.
StandX Protocol Team – Who Are Behind StandX
StandX’s core team consists of members from the Binance Futures founding team and Goldman Sachs. The team believes the future lies in DeFi, which implies that a significant part of their experience with centralised exchanges (CEXes) and traditional finance will be applied to on-chain solutions, enabling them to create sustainable products that deliver real-world solutions.
According to the team, StandX is currently fully self-funded and has not accepted any external investments. This independence empowers them to focus on long-term growth and sustainability, free from the pressures of short-term gains, thus building firmly around its community.
Contributors and Funding
The crypto project is currently self-founded by its team of Ex-Binance Futures Founding Team & Ex-Goldman Sachs, but continues to gain strategic support from partners such as @SolanaFndn and Yzilabs as the team builds a community-driven product.
StandX Protocol Airdrop – Step-by-step Guide
Following the conclusion of its market-maker liquidity contribution program to earn rewards, it has launched another point-based system for its mainnet contributors.
StandX has announced a points-farming program on its official X account for its mainnet, allowing users to trade or simply hold stablecoins to earn points.
1. Go to the website and connect your wallet.
2. Go to the $DUSD section to mint $DUSD with USDC or USDT.
3. Go to the Points section and start performing activities to farm points. Hold DUSD in your Perps account, trade, and provide liquidity. You can track your progress and position on the Leaderboard on the same page.
4. Invite new users using Refer.
Key Takeaways of StandX Airdrop
StandX is a new DeFi technology focused on shaking up the DeFi industry through yield and perpetual earnings for users on the BNB and Solana networks, whether trading or holding DUSD stablecoins on its platform.
With no external funding from investors or venture capitalists, the team, made up of Ex-Binance Futures Founding Team & Ex-Goldman Sachs, aims to build a long-term DeFi project from self-funding around its community of DeFi builders.
Community Details
To stay informed and updated on community happenings, these are community pages to get firsthand information.
🌐 Website: https://standx.com/
🐦 Twitter/X: https://x.com/StandX_Official
💬 Discord: https://discord.gg/standx
📝 Docs: https://docs.standx.com/docs/about-stand-x#what-is-standx
If you are interested in similar farming projects, we recommend reading our other recent or ongoing airdrops worth checking out. At UseTheBitcoin, we make sure you don’t miss out on airdrops that are worth your time and attention, so you can maximize your gains!
