Adrena @AdrenaProtocol Twitter profile

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Adrena

@AdrenaProtocol

4 months

💉

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Adrena

@AdrenaProtocol

3 months

Welcome to Adrena. A Solana-native, community owned perps DEX where 100% of revenue goes back to holders! Over the next few weeks, we will start to release more information about the platform as we get closer to launch. Here's a quick, high level of what you need to know.

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Adrena

@AdrenaProtocol

2 months

Mainnet is coming💉

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Adrena

@AdrenaProtocol

3 months

The Adrena Vision💉 Our goal is to release a useful permissionless tool that can be completely owned and governed by the community. To do this we put a lot of emphasis on the following pillars🧵

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Adrena

@AdrenaProtocol

3 months

With Adrena you get it all💉 - 0 slippage - 100% Rev Share - Clean UI - 100x Leverage - Open Source

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Adrena

@AdrenaProtocol

3 months

Adrena is now LIVE on Devnet for testing💉 Get ready to crank up that leverage! Starting today, you can try out trading on one of the fastest perps DEX on Solana ahead of mainnet release and give any feedback you may have for the platform.

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Adrena

@AdrenaProtocol

3 months

ALL trading fees on the Adrena platform go back into $ADX and $ALP holders💉

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Adrena

@AdrenaProtocol

2 months

Don’t forget, Adrena Devnet is LIVE💉 Here’s a quick tutorial on how to try Adrena yourself!

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Adrena

@AdrenaProtocol

3 months

Looking for a team to open an irresponsible long with? Wanna share your thoughts with other traders like you? We’ve got just the place! Adrena Discord is now open to the public💉

Join the Adrena Discord Server!

Check out the Adrena community on Discord - hang out with 520 other members and enjoy free voice and text chat.

discord.com

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Adrena

@AdrenaProtocol

2 months

How Adrena Works💉 Adrena allows anyone on Solana to open leveraged positions up to 100x on crypto assets in a peer-to-pool manner, without the need for intermediaries. Below is a quick, high-level overview of how the protocol works👇🏼

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Adrena

@AdrenaProtocol

1 month

The Adrena Foundation is here to support long term success of the protocol.💉 The DAO will assist with tasks such as market making, exchange listings, and more!

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Adrena

@AdrenaProtocol

2 months

Adrena will be closing Devnet in order to work on some updates to the protocol💉 We would like to give a big shout out to all the early users who tested and gave feedback on the platform! Stay tuned for more information on when Mainnet will be going live…

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Adrena

@AdrenaProtocol

1 month

Adrena believes the community makes the protocol.💉 For that reason, Adrena will have a major focus on incentivizing community involvement through: - Grants - Partnerships - Bug Bounties - and more

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Adrena

@AdrenaProtocol

1 month

Adrena users will have the ability to trade with 100x leverage with 5 different assets: - $SOL - $USDC - $wETH - $wBTC - $BONK 100% of fees from any trades on the platform will go back to the community: 70% to ALP 20% to ADX 10% to ADX buybacks

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Adrena

@AdrenaProtocol

25 days

Adrena is focused on transparency and community participation.💉 - The code Is completely open-sourced, and over time, all protocol instructions will be entirely on chain. - Adrena wants every decision to be transparent and involve as many community members as possible.

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Adrena

@AdrenaProtocol

26 days

Adrena wants users to own the protocol.💉 That’s why we raised as little as possible from as many people as possible. Tokenomics will be structured so that the governance is owned by the community over time, with 100% of fees going to holders.

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Adrena

@AdrenaProtocol

3 months

At launch, Adrena will allow users to open up trades on-chain with up to 100x leverage. Protocol revenue is generated from liquidations, borrow cost, open/close fees, and swaps on the platform. Fees get distributed as 70% to $ALP, 20% to $ADX, and 10% used for token buybacks.

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Adrena

@AdrenaProtocol

2 months

Security is a huge focus for Adrena💉 To ensure the safety of the protocol, we are currently undergoing an audit from @osec_io . Adrena will also give the community opportunities to help protect the platform with our future Bug Bounty program!

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Adrena

@AdrenaProtocol

7 days

$ADX is more than just a governance token.💉 $ADX stakers and lockers collectively receive 20% of the platform fee revenues as $USDC. Moreover, lockers gain additional benefits in the form of $ADX rewards and multipliers on both $USDC yield and governance power. These

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Adrena

@AdrenaProtocol

14 days

Do you want to still have exposure to the market without having to deal with volitility? Then there is no better token than $ALP.💉 $ALP accrues value from the majority (70%) of Adrena's fee revenue being used to buy and deposit pool assets into ALP.

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Adrena

@AdrenaProtocol

3 months

In the end, we hope to put something really cool out into the universe that everyone in Solana can enjoy. We want everyone to win.💉

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Adrena

@AdrenaProtocol

13 days

$ADX is Adrena’s governance token that can also participate in rev share. It is designed to align holders with the long term growth of the protocol. Below is a thread that details the various forms of $ADX and the benefits that each receives.

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Adrena

@AdrenaProtocol

3 months

Equity We raised as little as possible, from as many people as possible, in order to give as many tokens as possible to Adrena users 100% of fees go to holders and our tokenomics are structured so that majority governance is owned by the community over time OWN THE PROTOCOL

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Adrena

@AdrenaProtocol

3 months

Simplicity Whether it be the UI/UX or the codebase, we plan to keep things simple while we’re here. This being said, the foundation and early contributors have a TON of ideas to execute on to make the experience better, but ultimately we want YOU to build upon the underlying

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Adrena

@AdrenaProtocol

3 months

Stay tuned for more updates! We will be dropping our docs, code, and full devnet application for everyone to try out next week. Prepare to enter the world of Adrena and own your piece of Solana DeFi.

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Adrena

@AdrenaProtocol

3 months

End of Thread.

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Adrena

@AdrenaProtocol

3 months

Efficiency We chose Solana because of speed. (there is no second best) We want trades to execute quickly and conveniently; backed by good RPCs, priority TX handling, optimized on-chain instructions, and the least amount of indirection/proxy possible (no keepers or other

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Adrena

@AdrenaProtocol

3 months

Transparency Many projects say they are permissionless, open source, and community run. Simply put, they are not. The code is open source and over time, every Adrena instruction will be entirely on chain. We want every decision to be out in the open and get as many of you

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Adrena

@AdrenaProtocol

3 months

Resiliency In order to provide a reliable codebase for those to integrate, security is a huge focus. An audit with @osec_io is underway, followed up with an audit from @sec3dev . We will also employ an attractive bug bounty program for those in the community to help protect the

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Adrena

@AdrenaProtocol

3 months

Composability We find that to really achieve sustainable success in web3, alliance and widespread integration is key. Our code is structured in a way so anyone can build new modules and projects on top of Adrena and we have a grant structure to help incentivize integrations.

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Adrena

@AdrenaProtocol

3 months

Adrena uses a 2 token model. $ADX is the main, openly tradable token, that grants users governance votes and 20% share of the revenue. $ALP is the LP token minted when users deposit collateral into the liquidity pools used for trading. 70% of the revenue goes to $ALP. Both

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Adrena

@AdrenaProtocol

3 months

We are launching with $10mm in our liquidity pools. We are calling this the “Genesis Liquidity Pools”. $5mm is reserved for those who contributed to get this project off the ground. The remaining $5mm will be open to the public to fill at mainnet launch.

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Adrena

@AdrenaProtocol

3 months

Revenue is captured in different forms! For $ADX to realize its share in the 20% rev share, it must be staked. For $ALP, a portion of the revenue goes back into the liquidity pool, thus consistently growing the price of $ALP. You can also stake to earn additional yield paid out

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Adrena

@AdrenaProtocol

3 months

Genesis LP will receive 5% of the entire $ADX token supply in addition to the 70% rev share, and regular $ADX rewards reserved for the LP. To be eligible for this reward, you must lock your $ALP for 6 months.

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Adrena

@AdrenaProtocol

2 months

Be sure to join our discord and share your feedback!

Join the Adrena Discord Server!

Check out the Adrena community on Discord - hang out with 520 other members and enjoy free voice and text chat.

discord.com

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Adrena

@AdrenaProtocol

2 months

We’re excited to get Adrena into the hands of the community! Be sure to join our discord and turn on post notifications to stay up to date on all information related to Adrena💉

Join the Adrena Discord Server!

Check out the Adrena community on Discord - hang out with 520 other members and enjoy free voice and text chat.

discord.com

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Adrena

@AdrenaProtocol

2 months

Opening Trades To start, users will be able to open up 100x leveraged positions with $SOL, $USDC, $WETH, $WBTC, and $BONK. Users will pay an open/close fee and have a borrow rate. 100% of fees go back to the community. 70% goes to ALP, 20% to ADX, & 10% goes to ADX buybacks.

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Adrena

@AdrenaProtocol

13 days

To stay up to date about any protocol developments and mainnet launch timeline, ensure your follow us on X and join our discord.

Join the Adrena Discord Server!

Check out the Adrena community on Discord - hang out with 520 other members and enjoy free voice and text chat.

discord.com

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Adrena

@AdrenaProtocol

2 months

The Adrena DAO The Adrena protocol will be 100% run by The Adrena DAO community, leveraging @Realms_DAOs . The Adrena DAO will have the largest portion of the token supply to support things like partnerships, grants, bug bounties, incentives, marketing programs, and much more.

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Adrena

@AdrenaProtocol

2 months

This is the final tweet in this thread, do not click any links in comments!

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Adrena

@AdrenaProtocol

13 days

Vesting $ADX - Is reserved for the team and early investors. - Locked and Non-tradable. - Unlocks linearly over 18 months after initial 3 month lock period. - Has full voting rights. - Does NOT receive USDC revenue or $ADX rewards.

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Adrena

@AdrenaProtocol

13 days

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Adrena

@AdrenaProtocol

13 days

Staked $ADX - Has voting rights. - Non-tradable. - Receives USDC revenue and $ADX token rewards. - Receives multipliers based on locked staked term for increased USDC revenue, $ADX token rewards, and voting power for staking longer.

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Adrena

@AdrenaProtocol

2 months

Providing Liquidity Adrena relies on users to deposit assets into it’s liquidity pools to give traders the ability to open leveraged positions. Users who provide liquidity receive $ALP, giving them 70% of trading fee revenue and can stake that $ALP for additional $ADX yield.

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Adrena

@AdrenaProtocol

2 months

ALP ALP is the LP token representative of your share of the assets held in the liquidity pool. This token will automatically accrue value, but you can receive additional USDC rewards the longer you stake your ALP.

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Adrena

@AdrenaProtocol

13 days

$ADX exists in 3 forms: - Liquid - Staked - Vesting

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Adrena

@AdrenaProtocol

13 days

Liquid $ADX - Exists in user wallets. - Is freely tradable on the open market. - Does NOT vote, earn USDC revenue or get $ADX rewards.

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Adrena

@AdrenaProtocol

6 days

@0xSenseiSOL @JupiterExchange @weremeow More options soon👀

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Adrena

@AdrenaProtocol

2 months

Community Incentives Bug Bounties - put in place to help with long term security. Grants - to encourage new projects to be built on top of our protocol. Partnerships - to ensure we have a far reach to all communities in the Solana ecosystem. More info in threads to follow!

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Adrena

@AdrenaProtocol

3 months

@slatticus Soon🫡

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Adrena

@AdrenaProtocol

2 months

ADX ADX is the governance token and freely tradable. To vote, you must stake your ADX. There will be both a “liquid stake” option (unstake at any time) and “locked stake” options for longer staking durations. The longer you stake, the higher your voting multiplier.

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Adrena

@AdrenaProtocol

2 months

Staking We will reward early and long term users. The longer you stake your ADX or ALP, the more $ADX rewards, USDC yield, and voting rights you will get. There will be 5 staking duration choices for each. We will break this down more in future posts alongside our tokenomics.

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Adrena

@AdrenaProtocol

3 months

@guava1121 yuge

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Adrena

@AdrenaProtocol

2 months

The Adrena Foundation The Adrena Foundation was set up to help support both launch & long term success of the protocol. The Foundation will receive a small amount of the token supply to support the Adrena DAO with initiatives such as market making, exchange listings, and more.

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