Trade crypto, forex and commodities with up to 500x leverage directly from your wallet.

Let me introduce you to Tigris, a potential heavyweight of leveraged trading platforms in the world of DeFi. It’s a great place for trading crypto, forex, and commodities with a massive leverage of up to 500x, all from the comfort of your own wallet.

What initially grabbed my attention was Tigris’ revolutionary oracle architecture, which taps into Pyth data, providing real-time signed asset prices that guarantee lightning-fast and trustworthy on-chain leveraged trading. But that’s not all; Tigris also pioneers the use of NFT-based open positions, making trading smarter and more accessible to everyone.

The Need for Speed (and Reliability)

Imagine this: you want to make a trade, and every second counts. That’s where Tigris shines. Its blazing-fast trading speed is like no other, ensuring that your orders are executed in a flash. What I like about Tigris is that there’s no need to worry about slippage in price. As soon as you click the ‘Open Trade’ button, the asset price is locked in, giving you complete peace of mind. Plus, Tigris handles everything in just one transaction, eliminating the hassle of waiting for separate settlement processes. It’s as quick and smooth as it gets.

Exploring Tigris’ Oracle System

Let’s dive a bit deeper into Tigris’ innovative oracle system. Tigris leverages a distributed signature-based oracle network connected to Pythnet’s price feed. This network broadcasts signed asset prices and other crucial data directly to us, the Tigris users. These data points include asset prices, spreads, timestamps, node addresses, market open/closed status, and oracle signatures. It’s like having our own trusted source of real-time market information right at our fingertips.

When we place a trade on Tigris, the price data and signatures are verified on-chain, ensuring the utmost reliability and accuracy. To add an extra layer of security, Tigris also cross-checks the prices provided by the oracle network with Chainlink’s public price feeds. If there’s a significant difference of more than 2%, the transaction is reverted. That’s the kind of attention to detail and commitment to user safety that sets Tigris apart.


Have you visited the store lately? New stock added often…


Stablecoins and the StableVault

In terms of stability Tigris offers a range of native stablecoins, each pegged to a specific currency and backed by a basket of assets. These stablecoins are designed to be rock-solid, maintaining a 1:1 peg with the respective asset. That means we can trade with confidence, knowing that our stablecoins hold their value.

To make things even better, Tigris introduces the StableVault. It’s like a consolidated hub of liquidity for various tokens of the same kind. Say goodbye to fragmented pools! When we open a trade on Tigris, our margin is automatically deposited into the appropriate StableVault, streamlining the process and making our trading experience smoother than ever. And if we decide to withdraw non-native stablecoins after closing a trade, the StableVault has got us covered.

Governance and the Transition to Tokens

Tigris has always valued community participation and governance. In the past, the platform operated under a Governance NFT model, where 606 circulating Gov NFTs held the power. These NFTs were sold in batches to raise liquidity for the Stablecoin Vault and fund product development, totaling 10,000 Gov NFTs. It was a unique approach, but Tigris decided to switch gears and transition to a more standard token model on June 1st, 2023. This move opens up exciting possibilities for enhanced governance and community involvement, empowering us to shape the future of the platform together.

So, in a nutshell, Tigris is a platform where lightning-fast leveraged trading meets reliability and accessibility. What stood out to me was Tigris’ unwavering commitment to speed and accuracy, ensuring that every trade is executed flawlessly. With its innovative oracle system, stablecoins, and the powerful StableVault, Tigris provides us with an excellent trading experience.

Red King Crypto NFT Drop

Also the first Red King Crypto NFT drop will happening soon, in Q3 2023! So stay in touch for that. The NFTs will be in short supply to ensure their scarcity and long-term value.

Fun Crypto Guesser Quiz

Test Your Crypto Knowledge in this Fun Crypto Quiz. All the details can be found in this post.

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By redking

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