Ascend Add Cardano Withdrawals

Ascend announce on September 3 say Cardano withdrawals don go live, give traders option to choose Cardano, Ethereum or Solana when dem wan move funds commot their accounts.

Di update expand access for Cardano users after dem first introduce deposits for August. Ascend dey provide leveraged perpetual contracts, wey allow traders take position on asset price movement without owning di underlying assets.

Cardano Deposits Dey Convert Into USDC

Ascend introduce Cardano deposits on August 24, list ADA, USDCx, $USDM and $NIGHT as supported assets. According to di project, any asset wey person deposit go automatically convert into USDC and credit to di user account.

Dem perpetual trading guide describe BTC and ADA contracts wey dey use USDC as collateral, and profits plus losses go settle for di same currency. Dis one separate di asset wey fund di account from di currency wey dem take calculate trading results.

Perpetual contracts no get fixed expiry date. Leverage dey increase exposure compared to di collateral wey person deposit, and positions fit liquidate once margin requirements no dey met again. Dis kind asset contracts different from Ascend separate offering wey focus on changes for event probabilities.

Midnight Dey Verify Execution and Risk

Ascend announce perpetual trading for Midnight mainnet on August 16. Midnight later highlight di application on September 3, describe how execution, risk and liquidation logic dey verified through zero-knowledge proofs without exposing di underlying positions.

Di September statement therefore concern product wey don already dey trade, no be new mainnet launch.

Ascend architecture documentation describe engines for matching orders, evaluating risk and managing account balances. Di outputs dey under cryptographic constraints, and final state changes dey proven and committed for Midnight.

Under dis model, users go access di platform through supported blockchain environments, while Midnight provide di verification layer for trading and settlement operations.

Withdrawal Details Still Depend On Each Chain

Di withdrawal announcement talk say users fit choose di destination chain. E no identify di token wey dem go deliver on Cardano, di transfer mechanism, or di applicable fees and minimum amounts.

Di published perpetual trading guide describe USDC withdrawals for Ethereum and Solana. Dose instructions no set di terms for Cardano withdrawals, and di supported deposit assets no necessarily mean na di same ones go dey available as payout assets.

For Cardano users, di new function wey dem announce concern where funds fit withdraw go after trading. Di account USDC denomination na to describe internal balance and trading results; di asset wey dem go finally deliver to Cardano wallet still no clear inside di announcement.