Ascend Add XRP Funding and Announce Protocol Stats

Ascend Market announce say dem don add XRP funding for perpetual trading accounts and Ascend Protocol Stats for October 5 update. The release add new funding route and activity reporting to one platform wey combine Midnight verification with Cardano-based staking system.

A New Funding Option for Ascend Perpetuals

The team talk say users fit fund their accounts with the new supported asset and start to trade perpetual contracts within minutes. These contracts allow traders to take long or short positions without fixed expiration date.

Ascend’s existing perpetuals guide describe USDC as the collateral and settlement asset, with funding routes from Ethereum and Solana. The new announcement no specify the deposit network and conversion mechanism.

Midnight Verification and Cardano Staking

Ascend’s documentation put verification and finalization of user actions on Midnight through zero-knowledge proofs. Their staking system use Cardano-native protocol token, wey participants go stake through signed transactions while the tokens still dey inside their wallets.

The published fee schedule set 0.040% base taker rate, wey fit reduce to 0.024% with staking discounts. Maker orders no carry trading fee, and the protocol allocate 100% of taker fee revenue to stakers. Funding payments between long and short positions dey handled separately.

Protocol Stats Follow the Mainnet Volume Milestone

For October 3 update, Ascend’s team report say mainnet trading volume don pass $10 million. The post no provide reporting period or the user and trade totals wey match am.

Protocol Stats dey announced as real-time view of trades, volumes, and users. These measures extend the scope of the team volume update, although the launch announcement no contain any initial dashboard figures or metric definitions.