FXS is a popular asset listed on many spot market including DEX and CEX. But FXS is not listed yet on any perpetual market or market with leverage yet, tough I see other perpetual DEX is also making proposals now. The main difference will be TripleFi is a lot easy to use and also instead of millions to launch, we just need 10k USD in the liquidity pool to initiate. Once listed, there will be an increase of trading volume of FXS in both derivative market and spot market, which in a long term will benefit the popularity and price of FXS.
We propose to list FXS on TripleFi (https://triple.fi/).
TripleFi is a derivative perpetual DEX on Polygon and can list FXS/USDT with 5x leverage.
There will be no cost for a listing. However FXS/USDT trading pair will launch once liquidity pool exceeds 10k USDT in the liquidity pool. Therefore we suggest to deposit 10k into the liquidity pool of FXS/USDT pair after listing. The liquidity can be withdrawn and liquidity pool will generate a return above 30% APR in a fully traded pair which is also beneficial for the DAO.
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