Get to know AARK Digital: Perpetual DEX on Arbitrum

Bittime - In this article, we will discuss digital AARK which has just arrived on the Arbitrum network. The discussion will be carried out in detail, complete with advantages and comparisons with other DEXs.

Read this article until the end.

What is AARK Digital?

AARK Digital is the newest decentralized exchange (DEX) to appear on Arbitrum, which offers trading features with leverage of up to 1000x on various crypto assets.

This is an improvement over GMX, one of Arbitrum's most successful projects. AARK Digital provides better and more advanced trading solutions compared to other existing DEXs.

Advantages of AARK Digital

In 2023, AARK Digital successfully completed the seed round with support from several large venture capital companies such as Delphi Digital, OKX Ventures, Big Brain Holdings, KEYROCK, and HashKey.

Although similar to a typical exchange, AARK Digital operates in a decentralized manner, allowing users to use various assets as collateral, access high leverage, and make deposits or withdrawals at any time using the web3 wallet.

Comparison with Other DEXs

AARK Digital comes on top of Arbitrum and could become a major competitor to GMX, as well as other similar projects such as Quenta and Ivoo. Here are some of AARK Digital's superior features:

1. Leverage Hingga 1000x

AARK Digital offers leverage never seen on other exchanges, which they call “Moon mode”.

2. Slippage Rendah

Trade with lower slippage than centralized exchanges like Binance, and also lower than other DEXs like GMX and Quenta.

3. Reflective Market Maker (RMM)

This RMM technology is different from the commonly used AMM (Automated Market Maker), with a much lower potential for slippage, especially for large value contracts.

4. Gasless Trading

AARK Digital offers gas fee subsidies, so users can trade without gas fees with a minimum deposit of $10. Moon mode only charges a fee when opening a position (0.01%) and closing the position (20%) if there is a profit.

5. User Friendly Interface and High Transparency

Created with a user-friendly interface and equipped with various professional tools. All transparent data and statistics are recorded on the blockchain and curated in one dashboard in Dune.

Innovation in Liquidity Providing

AARK Digital also offers the Hyper Diversity LP feature, where users can use various types of tokens such as LST, LRT, RWA, NFT Uniswap V3, USDC and USDT token pools on Curve, AUSD, and others as liquidity providers (LP).

This allows LPs to keep their collateral value intact without being converted into stablecoins.

Low Trading Fees

AARK Digital offers very low trading fees, namely 0% for Bitcoin and Ethereum, and 0.05% for stablecoins and altcoins.

In addition, there is LP leverage which allows users to provide liquidity without having to trade, with greater returns than other platforms.

Point System and Competition

AARK Digital has a point system that allows users to mine tokens which are distributed every epoch for 7 days.

These points are awarded based on trading volume and are divided into two pools, for Ethereum and Bitcoin, as well as altcoins. AARK also holds periodic competitions with mining incentives.

Tokenomics and Utility Token $AARK

The $AARK token is a token that runs on Arbitrum with a total supply of 1 billion. Here are some use cases for the $AARK token:

• Governance: Token holders can participate in proposal voting on AARK Digital.
• Discount Trading Fee: Users can get discounts on trading fees.
• Staking: $AARK tokens can be used for staking and getting multiplier points rewards.

$AARK token distribution includes 6% for Genesis incentives, 31% for community rewards, 15.1% for early investors, 5.9% for future investors, 20% for the team, 16% for the ecosystem, 4% for core contributors, and 3% for advisors.

Conclusion

AARK Digital offers innovative and sophisticated solutions for trading on decentralized exchanges with various superior features such as high leverage, gasless trading and high transparency.

With support from well-known venture capitalists and audits from Hacken and Secure3, AARK Digital is an attractive alternative for those who want to trade on DEX without gas fees and with high leverage up to 1000x.

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