$XBIT
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SPEED POD | EP.03 10 questions w/ @ethtwit from @PhoenixTrade [Spoken audio]: Who said we're not handing out a reward? Welcome to SpeedPod. Today you are joined by Kabeer from PhoenixRaid. Kabeer, why should a Solana trader choose Phoenix over every other perp's platform? Every action on Phoenix is done entirely on chain, which means that there are transaction fees that go into those actions, which results in Solana being burned for everything that goes on on Phoenix. Transactions are not just limited to order placements, they are oracle updates, they are limit order cancels, they are limit order placements, which means that the vast majority of transactions on Phoenix are resulting for value to be accrued to the Solana token itself. What's the most unique feature on Phoenix? Splines. We have a method for market makers to cheaply and efficiently edit all of their orders, which allows for good liquidity better than any other exchange on Solana today and better fills for traders, especially during periods of volatility. What's the most misunderstood two things about Phoenix? Holy doesn't work for us I wish he did what's next thing coming on Phoenix you are going to be able to trade every asset that matters on Phoenix very soon one year from now what's headline do you want to see about Phoenix Solana hits 1000 driven by volume gains on Phoenix as the leading perps platform on Solana will Solana become the default chain for all on chain trading Solana is already the default chain for all spot trading and we are aiming to make it the default chain for perps trading as well. We do that by providing more assets with more leverage with better liquidity and that's the end state of Phoenix and that's what we're working towards every day. Why build on Solana? Ecosystem-wide push to encourage building. Everything is composable on top of itself. This allows people to move funds easily, cheaply, very efficiently and allows them to do multiple actions beyond just trading all within the same wallet. Solana is just the best place to How's all of your financial transactions on chain? No token, no points, no airdrop. How do you keep traders loyal long term when everyone else is handing out rewards? Who said we're not handing out rewards? We've already distributed almost $100,000 in rewards for our users. There's more than one way to incentivize trading. One hot take about crypto trading. That you need a lot of leverage to make a lot of money. You can make really good consistent stable gains if you keep your risk low. And I've learned this the hard way. I'm the most liquidated person on Phoenix probably as I've been testing the platform out. We see from the numbers, the most profitable traders over time keep their leverage very low and they always have an entry, they always have an exit. So it's just risk management. Always have a stop loss. One last message to everyone on Solana. This is the perfect time to be paying attention because there are some really great teams building some really great products and we are going to see this chain bounce back in a way that it hasn't before. This is the right time to be involved in Solana. Thank you Kabir for joining us on behalf of Phoenix, thank you all for supporting this series, thank you everyone for watching, see you on the next episode.
Nothing to see here, just fexin’ my @Primatesnft