Aark is the first-of-its-kind in many dimensions: Leveraged LP, strong Asian presence, hyper-variety LP, singe-sided LP, and countless others. These innovations have enhanced the user trading/LP experience to unprecedented levels. Further, all these features are critical for Aark in debuting its long waited killer feature — 1000x leverage. Aark introduces a game changing feature called ‘Intervals’ to enable 1000x trading by completely eliminating bad debt. Now with all the infrastructure, community, simulations, and UX prepared to support 1000x trading, Aark is ready to soar and leave its brand marked in history.
Because UX is largely identical among exchanges, providing a killer feature to make traders use the exchange has been vital. Up until now, exchanges that have successfully offered such differentiations in the traders’ user journey have managed to become the winners of crypto history.
From Bitmex which introduced the first 100x leverage to dydx, which decentralized the custody experience, killer features have been key to exchange success. These pioneers dominate today's exchange market.
All exchanges that have successfully made a brand name differentiated 'trading'.
Later entrants settled on ‘strategies’ such as utilizing network effects and fast following. In many cases, this category of exchanges has faced fiercer competition to attain its current status, as differentiation has been more difficult
In innovating the trader user journey, neither collateral diversity nor portfolio management has stood out as strong enough triggers to attract users. As such, only a few options remain unexplored for exchanges, and Aark is taking its stand to become the first mover of 1000x leverage. Before Aark, achieving 1000x leverage was not possible due to liquidation issues; thus, centralized exchanges (CEXs) made continuous efforts to maximize leverage offerings but settled at a maximum leverage of 125x. Now, with the introduction of Intervals, available only in a pool-based structure, Aark is set to be the pioneer of the last blue ocean of crypto exchange killer features.
Intervals are 1 minute periods dedicated to rolling back failed liquidations. Reasons for failed liquidation may include high volatility, or failure in the network, oracle, or keeper, among others. The Interval System will launch in 2Q/3Q 2024.
If the price drops rapidly in a frame of milliseconds, this may cause bad debt for high-leverage positions. In the case of Binance, its margin rules state a position with 125x leverage must be liquidated before the price moves beyond 0.4%: But a price movement of 0.4% under a second is quite frequent. Even a top-tier exchange like Binance, 125x is the limit to ensure safe liquidations or no bad debt.
Due to such rapid movements, no engine in both CEX and DEX can successfully liquidate high-leverage positions without bad debt. This is only possible if the exchange can go back in time and sort out the missed liquidations. An ‘interval’ is such a timeframe in which the exchange can go back in time to make such amendments.
