Ascend Add Oil Perps for Midnight

Ascend Market don announce say oil perpetual contracts don go live for im platform. Di new market add energy price exposure to one application wey combine asset derivatives, prediction markets, and spot order-book exchange, with trading verification and settlement wey dey build around Midnight.

Oil Join Ascend’s Perpetual Markets

Di oil market allow traders to take position for price movement without to buy di commodity wey dey under. Perpetual contracts support long and short positions and dem no get fixed expiration date. Positions go remain open until traders close dem or margin wey no reach trigger liquidation.

Leverage dey increase exposure compared to di collateral wey person commit, and e fit amplify both gains and losses. Ascend dey set limit by market. Di crypto perpetuals guide wey dem publish list maximum leverage of 50x for bitcoin and 10x for ADA, but di oil announcement no specify di new contract limit.

Dis asset contracts dey side by side with Ascend’s event-based markets, where positions dey track changes for di probability of one outcome.

Midnight’s August network update describe Ascend’s verifiable events perpetuals exchange and spot DEX, including settlement through zero-knowledge proofs. Di infrastructure dey support verification of trading operations while e still protect di underlying position data.

Cardano Stakers Fit Claim Trading Rewards

Ascend announce say about $2,000 initial rewards don become available make stakers fit claim. According to di team, rewards dey come from trading activity, dem dey denominated in dollar value, and people fit claim dem in supported stablecoins across multiple ecosystems.

Di $ASCEND token na Cardano native asset. Participants dey register for staking through signed transaction while dem still hold their tokens for their Cardano wallet. Di system no require any token lockup, and recorded stakes go adjust when wallet holdings fall below di registered amount.

Ascend’s fee schedule set base taker rate of 0.040% for orders wey dey consume existing liquidity. Maker orders, wey dey add liquidity, no dey pay trading fee. Staking discounts fit reduce di taker rate reach as low as 0.024%.

Di documentation allocate 100% of taker fee revenue to $ASCEND stakers, wey link rewards to fees wey di platform collect. Funding payments between long and short positions remain separate from dat revenue.

Memepad Plan Token Launches for Midnight

Alongside oil trading, Ascend introduce Memepad as upcoming meme token launchpad for Midnight. Di team never announce release date.

Memepad go add token creation and launch functionality to Ascend’s existing trading products. Di announced scope go extend di application to creators wey wan issue assets for Midnight, alongside users wey dey access im derivatives and spot markets.