Trade Everything

Trade Every- thing

Heyo stormers! ✌️

As you already know, the biggest event of recent days was the launch of Storm Trade on Mainnet. Once again we congratulate everyone on this momentous occasion and remind you that there is now an Eye of the Storm rewards programme for early users, details of which can be found here.

With the transition to Mainnet, 3 trading pairs became available to users, as well as the possibility of providing liquidity, the mechanics of which raised many questions from the community.

In this article we offer you to understand together how this mechanics works, where liquidity is directed and what risks are involved in providing liquidity on Storm Trade.

What is liquidity provision? 🤔

Liquidity Provision is a way of generating passive income whereby a liquidity provider transfers its assets to a pool where those assets are utilised by the protocol.

In exchange for the use of liquidity, the exchange rewards the providers with a portion of its revenue generated from transactions executed in the protocol.

Speaking of Storm Trade, liquidity provision is one of the most important factors in the healthy existence of an exchange.

Where is the liquidity provided stored? 💰

To store liquidity safely and efficiently, Storm Trade has developed a special smart contract called Vault.

Who uses the provided liquidity? 🤝

To understand exactly how liquidity is allocated, let's turn to a diagram visualising the flow of funds between traders, stakers and providers (Figure 1).

Consider the person who provides liquidity to the Storm [jUSDT LP] protocol. Its funds are sent to the jUSDT Vault, which is designed to collect and store liquidity.

The movement of funds into the vault is directly dependent on the state of trading taking place on the Storm exchange. By trading, traders open and close positions, pay trading fees, and their funds may be subject to liquidation. From all these actions liquidity providers receive income.

Let's imagine that a trader has opened a long position of 1,000 jUSDT with x3 leverage in the BTC/USDT pair. The collateral for the trader's position is immediately sent to Vault. The price of BTC has risen by 5%, the trader rejoices in his prowess. By paying 0.12% (of open interest) to open and close the position, as well as 10 jUSDT of Funding and 1 jUSDT Rollover Fee, the trader received a positive PnL of 126.7 jUSDT.

Having earned a profit, the trader should receive the sum of his collateral and positive PnL from the vault. The collateral that the trader deposited is returned to him from the liquidity vault, but where does the payment of the positive PnL come from? Right, also from the vault, where there is a stock of liquidity from the providers who provided it there.

Let's consider the opposite situation. The price of BTC has fallen by 5%, the trader is upset and is going to close the position at a loss. After paying of 0.12% fees to open and close the position, 10 jUSDT of Funding and 1 jUSDT of Rollover Fee, the trader pays a negative PnL of 173.7 jUSDT.

The loss paid by the trader is deducted from the collateral for his position and sent to the Vault as a reward for liquidity providers.

Motivation ⭐️

If liquidity providers received only negative PnL positions of traders, the funds would be evenly distributed and there would be no point for providers to take the risk of making their funds available for trading. This is why the Storm protocol calculates additional motivational incentives for liquidity providers.

By risking "impermanent losses" subject to temporary "gains" of traders, in addition to negative PnL, liquidity providers are rewarded with:

• 70% of all protocol trading fees;

• 35% of liquidation penalties;

• RP rewards under Eye of the Storm;

• 70% of funding paid by traders.

As the market is often quite unpredictable and volatile, we refer to the examples below for an idea of the allocation between traders and liquidity providers.

Let's consider 3 situations that can happen:

• traders are trading at 0 in total, i.e. the number of traders' profits is approximately equal to the number of losses. In this case liquidity providers stay with their deposits and are rewarded with 70% of trading fees and funding, 35% of liquidation penalties and RP rewards.

• traders are trading in minus, i.e. the number of traders' losses exceeds the number of profits. In this case liquidity providers stay with their deposit and receive all the above mentioned rewards in combination with traders' negative PnL.

• traders are trading in plus, i.e. the number of traders' profits exceeds the number of traders' losses. In this case, liquidity providers incur impermanent losses but continue to mitigate risk by receiving rewards in the form of 70% of trading fees and fundings, 35% of liquidation penalties and RP as additional rewards.

Why liquidity provision is not staking? 👀

The staking function will be available when the Storm token becomes available, i.e. after the TGE (token generation event).

Staking and liquidity provisioning mechanisms have completely different internal logic. While staking guarantees you a positive income without using the tokens in trading, the liquidity provided is sent to the "vortex" of trading, which can end in a profit or a loss for the trader.

Storm token stakers will receive a smaller share of trading fees (30%) because the staking process does not involve the risks of trading volatility and volatile losses (Figure 1).

Impermanent losses and the current SLP rate 📈

The interval of time when traders are cumulatively "in the plus", while providers meanwhile "pay for the banquet", we call impermanent losses.

Impermanent loss is a short-lived phenomenon where, due to the payment of positive PnL to traders, a liquidity drawdown forms in the vault and the liquidity providers' rewards go into negative values.

Let's introduce a new concept that has not been mentioned before - SLP. SLP is a Storm LP token that indicates the ratio of the amount of funds earned by liquidity providers to the amount of liquidity provided by them in jUSDT.

If SLP is 1, it means that liquidity providers' earnings are equal to traders' earnings. If SLP >1, the providers are earning, and if <1, they are losing. For visual convenience, the SLP rate can always be observed on a chart (Fig. 2).

The time at which suppliers bring in liquidity is also an important profit driver. Let's turn to the chart below (Fig. 3).

In Fig. 3 we can see how the SLP changed over a week of trading on the Storm protocol. By observing the current SLP, providers can choose the optimal time to provide liquidity.

Example 1. Users who provided liquidity on 29 October (Fig. 3.1) were in the time period with the maximum SLP rate, when traders were trading in minus. After 29 October the situation changed and traders started to actively make profit. Thus, those who provided liquidity, gave part of it to pay profit to traders, while they themselves incurred impermanent losses.

Example 2. Users who provided liquidity on 31 October (Fig. 3.2) fell into a liquidity hole with a low SLP rate, after which traders incurred losses, SLP started to rise, and liquidity providers remained in the plus side.

By observing the examples above, we can see how the timing of liquidity delivery affects the profit or loss of suppliers.

While the trader is getting a positive PnL in the moment, the liquidity supply is working away. We're just getting started, right?

Providing liquidity - benefit over distance 💎

Here are some statistics. In the chart below (Fig. 5), we see the change in PnL of gTrade traders over 2022-2023. The blue straight lines show the daily change in PnL, while the red broken line shows the cumulative change in PnL. This chart shows that by April 2023, traders have cumulatively lost more than USD 5mn, which is however only -5% of position collateral.

This distribution proves that liquidity providers win over longer time frames.

Probability theory does not deceive, it is always on the side of truth.

Conclusion ✍️

Having told you about the concept of liquidity provision, its pros and cons, differences from staking, we hope that we have helped you to understand how this mechanism works. Don't forget about risk management, trade with amounts you are not afraid to lose, provide liquidity wisely and enjoy the balanced product we try to create.

Thank you for reading. Always your Storm team!

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Hi everyone, in this article we are going to share with you ways to get jUSDT and use them in the TON ecosystem, and in particular use them to trade on Storm Trade!

Why jUSDT?

jUSDT is a wrapped stablecoin created for use within the TON network.

If you've tried trading on Storm Trade, you already know that it doesn't use real assets for trading, instead the user pledges a stablecoin and opens a position.

Theoretically, any asset can be used as collateral for a position, but due to volatility, trading with such collateral can be unpredictable and can result in hours of additional calculations for traders and complex development for the platform.

jUSDT is relatively new to TON, and so it's likely that even some of the ecosystem's olds haven't figured out how to get it and where to use it. The Storm team is here to help with that!

The 3 main ways to get jUSDT

1️⃣ Within the TON network

This method is suitable for those who already have funds in the TON network.

At the time of writing, the main exchange is carried out in DeFi protocols Ston.fi and Dedust.io. Let's look at the steps to make an exchange using the DeFi protocol as the most liquid protocol for exchange 👇

1. Go to https://app.ston.fi/swap?ft=TON&tt=jUSDT;

2. Connect your wallet in the TON network;

3. Specify in the You sell field the amount of TON you want to exchange or in the You receive field the amount of USDT you want to receive;

4. Click the Swap button;

5. In the Confirm swap window that pops up, make sure that the specified values are correct and click the Confirm swap button;

6. Sign the transaction in the wallet;

7. Wait for the transaction to be confirmed in the TON network. After that jUSDT tokens will be added to your address.

2️⃣ ETH (USDT) → TON (jUSDT)

This scenario is relevant for those who have funds in the Ethereum network.

In order to transfer USDT from the Ethereum network to jUSDT of the TON network, we need a bridge https://bridge.ton.org/.

📌 Ethereum Commission (gas) ~ 0.0017 ETH

📌 Bridge commission - 1 TON

To carry out token sending, you can use the official BridgeTon instructions: https://blog.ton.org/ton-erc-20-bridge-tutorial or follow the steps below 👇

1. Go to the bridge page https://bridge.ton.org/ and connect your two wallets on the Ethereum and TON networks;

2. Select Ethereum Network as the sending network and The Open Network as the receiving network;

3. Select Asset - USDT and in the Amount USDT field enter the amount you want to transfer;

4. Specify in the Destination address in TON network field the address of your wallet in the TON network;

5. Click Approve button and confirm the amount of USDT you specified in the Amount field in your wallet. Wait for the Ethereum network to confirm and the Transfer button to appear;

6. Click the Transfer button and sign the transaction. Do not close the window and wait for the transaction to be confirmed on the Ethereum network (65 blocks);

7. Click on the Get USDT button and pay 1 TON in your wallet extension pop-up window;

8. Wait for the transaction confirmation. The tokens will be automatically sent to your address on the TON network with the ticker jUSDT.

3️⃣ Bank card/ P2P market → TON → jUSDT

This scenario is suitable for those who want to buy jUSDT directly from a bank card.

First, we will need to buy TON using a card or P2P Marketplace. After that, exchange TON for jUSDT.

The most convenient way to buy TON is via the @wallet wallet built into Telegram. If you don't have a wallet yet, you can start one here https://t.me/wallet.

There are several ways to fund your @wallet using fiat currencies. Please refer to the instructions below 👇

1. Use the most convenient option to purchase TON token on the official page https://ton.org/ru/buy-toncoin;

2. Once the TON tokens are on your @wallet, click on them and use the Send function;

3. In the Choose how to send Toncoin window, select the External Wallet option;

4. Enter your wallet address and click CONTINUE;

5. Enter the amount of TON you wish to transfer and click on SEND;

6. On the confirmation page that opens, make sure that all data is correct and click CONFIRM AND SEND;

7. Once the transaction is completed, the TON tokens will be in your TON network wallet;

8. Following Basic Scenario #1, exchange the TON tokens to jUSDT.

Using jUSDT on Storm Trade

Storm Trade is a decentralised futures exchange that uses a virtual automated market maker. Powerful oracles from the Pyth Network aggregate data from major spot exchanges and send it to Storm. Thus, Storm does not need real assets to trade, only their price and liquidity in the jUSDT token. This mechanics allows to have a variety of trading pairs on Storm, and add markets that are not tied to the cryptocurrency world.

There are two ways to use the jUSDT token in the Storm protocol - trading and providing liquidity.

Let's look at the inner workings a little more closely. In order for trading to be successful and for more and more trading pairs to be added for trading on Storm, liquidity reserves in the jUSDT token are needed.

1️⃣ The mechanics of the protocol are simple. To begin with, liquidity is accumulated in a special protected storage. It is necessary for traders to use leverage and increase potential profits. Liquidity is collected and stored only in jUSDT, as we said above that all trades are conducted using only one asset.

2️⃣ The protocol then uses the collected liquidity to increase the open interest of trading pairs and add new markets for trading. The process of expanding open interest is done carefully and follows the rule of not using all the liquidity provided. In this way, providers are protected from severe sudden losses if all traders start trading in the plus side at once.

3️⃣ In return for using the funds in trading, liquidity providers receive a range of rewards, from 70% protocol commissions to liquidation penalties and negative PnL of traders.

For more on the mechanics of pricing and vAMM, see our article.

More info about jUSDT

❗️ contract address of jUSDT in the TON network: EQBynBO23ywHy_CgarY9NK9FTz0yDsG82PtcbSTQgGoXwiuA

❗️ jUSDT on coingecko: https://www.coingecko.com/en/coins/bridged-tether-ton-bridge

We hope you found this article useful. Read more information about Storm Trade, join our community and trade with comfort and pleasure!

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In the world of Web3 and DeFi technologies everything is constantly moving, some trends are replaced by others. Looking back, we can see how some projects become super-popular, and users who joined it at the very start get a lot of benefits - from becoming olds of the community to increasing their capital several dozens or even hundreds of times.

The launch of Storm Trade on Mainnet is just around the corner, which means it's time to find out how to get the most out of becoming an early adopter and why it can change your life.

🤝 From community member to ambassador

By being part of the community and actively participating in the discussion of important issues, you influence the development of the project. Many communities offer the roles of administrators and moderators to the most active participants. In the future we are planning to create our own ambassadors program. Who knows, maybe you are the first candidate?

💎 Exclusive privileges

What if we tell you that as an early user you get special bonuses and benefits? Commission discounts, increased rewards, token staking before its release - it's all waiting for you on your way to using Storm Trade.

⭐️ Participation in competitions for early birds

Often projects run exciting activities related to the launch. It is important not to miss them and participate in order to qualify for prizes. Storm Trade joins the good old tradition. Meet:

23/10 - 29/10 - Liquidity Providers Week

The rules are simple: we will choose 3 winners among all users who provide more than 10 jUSDT during the first week after the launch.

Rewards:

🥇 place - 50 TON

🥈 place - 25 TON

🥉 place - 10 TON

30/10 - 05/11 - Trader’s Week

Here we will choose 3 winners among all users who open and close at least 3 positions within 7 days.

Rewards:

🥇 place - 50 TON

🥈 place - 25 TON

🥉 place - 10 TON

🎁 Receiving increased rewards for liquidity provision

Liquidity providers receive a solid portion of the rewards thanks to the protocol fees collected, so the earlier you provide liquidity, the more rewards you can receive!

Rewards for providers are generated as follows:

💰 70% of the protocol's trading fees,

💰 the entire volume of negative PnL,

• 35% of liquidation penalties,

• additional awards in RP points.

🚀 Profitable buying and staking of the token

A token launch is an exciting and exciting event for any protocol. The earlier a user buys tokens, the more tokens they can buy at a lower starting price.

The early riser gets more $Storm tokens.

The TGE (token generation event) is scheduled for December .23 - January .24, but knowing that token stakers will receive 30% of all commissions collected and 15% of paid fundraising, it's worth considering buying $Storm now. Detailed tokenomics of the Storm protocol will be released very soon!

Having considered the benefits of early participation in the life of the Storm Trade protocol, I think you have no doubts left! Read the details about the Eye of the Storm mainnet release program and stay tuned. It's time to ride out the storm! ⚡️

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Welcome! You are very lucky, because you are at the very beginning of the birth of Storm both within the TON ecosystem and in the DeFi world as a whole. In this article, we will open the doors of Storm Trade Mainnet for you, tell you what the value of the Eye of the Storm is to you, our users, and why you should consider buying a Storm token now.

What is Storm? ⚡️

Storm Trade is a next-generation DEX that allows users to trade any type of leveraged asset using the jUSDT stablecoin. Despite the familiar DEX description, Storm offers an entirely new experience within the TON ecosystem, combining all the benefits of futures exchanges:

• Leverage from x1 to x100 will allow users to maximize profits from successful trades;

• Trading directly from the Telegram bot provides mobility and compactness, always at your fingertips;

• Non-custodial wallet leaves the user full control over their funds;

• Powerful real-time oracles allow you to experience the ultimate trading experience by updating asset prices several times per second;

• An advanced order system, including Limit, Stop Limit, Stop Loss and Take Profit right out of the box, helps users stay on top of risk management and manage their portfolio efficiently.

Storm token | first mover advantage 🏆

Let's get to the fun part. The STORM token is the real epicenter of the coming storm.

The token, like a good wine, must infuse and be opened in time. The Storm token is scheduled to launch in December-January. But don't despair, until the token is launched, all users will reward RP (reward points), which can be exchanged for a golden, shiny Storm token in the future. Imagine having a token in your pocket that hasn't been launched yet. You are an early investor!

With a total supply of 1m tokens, Storm becomes a truly unique token, providing its holders with a wealth of opportunities within the protocol.

Reward Points - for those who hold the future in their hands 💎

Reward Points are bonus points that will be earned by doing any activity on the Storm platform. Are you a trader, staker or whale? There's a place for everyone on Storm.

A huge number of testers participated in the Early Birds program, and we are grateful to you for helping to make Storm better by sharing ideas and bug reports. It's time for an even bigger effort with our partner Tonstarter. Greetings, Eye of the Storm!

Eye of the Storm is a major event in the TON ecosystem. As you like, the program is organized in a game form with the help of community bot. Complete tasks using the Storm exchange, get RP and exchange them for the coveted Storm token.

Eye of the Storm - doing missions, conquering the storm 🌊

The program tasks will be divided into 3 stages and will be suitable for absolutely all members of the community. Perform tasks and earn RP - the more the better!

1️⃣ Storm Social

Follow our social networks, invite your friends to complete tasks and earn 10% of the points of your invited companions! Sounds easy, doesn't it?

2️⃣ Storm Trader

Opened a position and closed it with a profit? That's a success!

Every 100 jUSDT of trading volume* gives you 1 reward point. More volume - more rewards!

Feel you can do more? Reach the required trading volume (taking into account the leverage) and get powerful one-time Achievements together with RP boost to the obtained rewards:

🐹 Hamster | Trading volume to get the Achievement: 1,000 jUSDT

🐊 Alligator | Trading volume to get the Achievement: 10,000 jUSDT

🦈 Shark | Trading volume to get the Achievement: 100,000 jUSDT

🦄 Unicorn | Trading volume to get the Achievement: 1,000,000 jUSDT

*Trading volume is the sum of your closed positions, whether they were profitable or not. If you opened a 100 jUSDT position using x10 leverage, your position size will be 1,000 jUSDT.

3️⃣ Storm Liquidity Provider

Do you want to feel like a co-owner of the protocol and get a bigger share of the trading commissions? Then this assignment is for you! Provide liquidity in jUSDT and get additional reward points.

Every 100 jUSDT provided for 24 hours will give you 1 reward point. Similarly, 50 jUSDT provided for 48 hours will also give you 1 reward point.

In addition, liquidity provided for more than 7 days will give you additional one-off achievements with reward boosts!

🪼 Jellyfish | Minimum jUSDT to get the Achievement: 100

🦐 Shrimp | Minimum jUSDT to get the Achievement: 1,000

🦀 Crab | Minimum jUSDT to get the Achievement:10,000

🐬 Dolphin | Minimum jUSDT to get the Achievement: 100,000

🐳 Whale | Minimum jUSDT to get the Achievement: 1,000,000

To provide tokens for liquidity, you must go to the Vaults tab and click the Provide button, entering the number of jUSDT you wish to provide. Note that the liquidity you donate will be used for trading.

Why providing liquidity is profitable? 🤑

Liquidity providers are our everything! They provide funds for traders to trade (using leverage doesn't go to waste, right?), and get literally MORE of the commissions collected by the protocol:

• 70% of Storm's trading fees,

• 70% of traders' paid fundraising,

• the entire negative PnL of trades,

• 35% of liquidation penalties,

• additional rewards in the RP token.

How to get the most Reward Points? 🥇

The rewards for completing the levels will grow exponentially, are you ready?To maximize your points, keep 3 simple hints:

⭐️ Open and close at least 1 position. This is necessary to earn rewards.

⭐️ Participate in several activities at once. Even if you are not strong in trading, maybe it's time to try?

⭐️ Tell your friends about the Storm launch. Who better than friends to support us in new activities?

⭐️ After the Storm token TGE, reward points (RP) can be exchanged for Storm tokens!

Storm Mainnet. Coming extremely soon.

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