Bitlayer First Mining Festival S3 Project Inventory: RollDex: Bitcoin Native Perpetual Contract Exchange

Bitlayer is the first Bitcoin second-layer project based on Bitcoin finality. Bitlayer is building a native Bitcoin second-layer ecosystem supported by innovative technologies such as OpVM, Finality Bridge and RtEVM, providing developers and users with Bitcoin security equivalence, trustless cross-chain bridges and real-time EVM programming experience.

On October 29, Bitlayer officially launched the third phase of the First Mining Festival. This phase was jointly initiated by the official and five ecological projects including RollDex, Jasper Vault, DeSyn Protocol, Avalon Labs and Lorenzo Protocol. The theme was "Battle for the Treasure Chest", providing users with a total of 10 million $BTR tokens, ecological project airdrops, and Bitlayer ecological joint medal rewards.

Currently, the event has been officially opened. Users can now log in to the Bitlayer official website or other official cooperation portals, including UXUY Wallet, OKX Web3, Freee.xyz, Trusta Labs, OneKey, Ave.ai, Gate Web3, TokenPocket and FoxWallet to participate in the event. Among them, the official participation portal of the event is: https://www.bitlayer.org/mining-gala

This article will provide readers with important information about participating in the third phase of the Bitlayer First Mining Festival, RollDex, and provide users with guidance.

Project Introduction

RollDex is a Bitcoin native perpetual contract exchange that uses BTC native assets as collateral and liquidity providers and supports 500x leverage, ensuring the lowest slippage and competitive fees. By adopting a fully on-chain liquidity model, RollDex V1 on-chain perpetual guarantees ensure more transparent transactions with minimal slippage. All transactions are executed against the RLP pool, enhancing the liquidity of all trading pairs and thus optimizing capital efficiency.

It is understood that RollDex's product portfolio includes four parts: Swaps, Perpetual, Bridge, and Prediction. RollDex V1 uses price information from a combination of exchanges to reduce the risk of liquidation due to temporary capital flows.

Currently, RollDex has been successfully deployed to Bitlayer. It is worth mentioning that RollDex stood out in the first round of the Booster Grants Program recently announced by Bitlayer, and finally received Grants support of up to US$1 million. In order to give back to community users, RollDex is distributing token rewards to active users through activities.

Ecological data

RollDex official website: https://rolldex.io/

RollDex X: https://x.com/Rolldex_io

X Followers: 27.1K

LP Total Value: $1.2M

24H Trading Volume: $800K+

Trading Users: 10,000+

Number of Transactions: 24,000+

Trading Amount: Over $130 million

Reward Introduction

• Bitlayer will provide a total of 10 million $BTR tokens for this first mining festival; RollDex can distribute 1 million treasure chests, and players can get 2 free opening opportunities for each RollDex task completed, and 5 tasks can be completed every day;

• RollDex will provide an additional $200,000 worth of $ROLL tokens. The first 10,000 users who complete the task will each receive 20u $ROLL, and each address can only receive it once.

RollDex First Mining Festival Game Guide

For this first mining festival, RollDex has set the following two tasks, namely:

• Follow RollDex's official account X: https://x.com/Rolldex_io

• Deposit 0.0001BTC of RLP (or equivalent USDT/USDC) to RollDex RLP Pools

Note: The calculation cycle for the net asset value of providing RLP liquidity is 45 days. The team conducts 4 snapshot checks every day. The average value of the check results determines the user's net contribution value to the RLP liquidity pool.

Users can follow the tutorial below to complete the RollDex task:

1. Use Flash Bridge to transfer assets to Bitlayer.

Please open the following portal: https://www.bitlayer.org/flash-bridge, please select 10U to ensure that you have enough funds for staking. Alternatively, you can also use the Bitlayer official bridge to transfer L1 BTC to Bitlayer, but it usually takes longer than Flash Bridge.

2. Deposit 0.0001BTC of RLP (or equivalent USDT/USDC) into RollDex LP Pools.

Please open the following link: https://app.rolldex.io/pools, connect your wallet, go to the "Pools" section, click the "Buy" button, and add liquidity using 0.0001 BTC or equivalent USDT/USDC.

3. If you don't have RLP, you can use 0.0001 BTC or the equivalent of USDT/USDC to buy about 5 RLP, follow the prompts and click "Confirm" to complete the purchase. Your RLP balance will be updated within seconds.

Currently, RollDex RLP can enjoy an annualized return of about 21.5%. Depositing RLP means completing the task to receive the bonus and obtaining the corresponding income.