Ostium DEX Sees Tenfold TVL Increase Following New Points Program
Ostium is a decentralized exchange (DEX) on Arbitrum focusing on trading real-world assets (RWAs). Key points include:
- Raised $3.5 million in October 2023; launched in 2022.
- Recently launched a points program, increasing total value locked (TVL) from $5.5 million to $53.6 million.
- Allows trading of synthetic assets linked to market indices (S&P 500), commodities (gold, silver), and forex (GBP, EUR) with leverage up to 200x.
- Utilizes a custom oracle system and Chainlink Data Streams for asset price tracking.
- On April 16, crypto assets accounted for 53% of trading volume; total trading volume reached $938 million in the past week.
- Employs a two-tiered liquidity structure designed to benefit both liquidity providers (LPs) and traders.
- Offers a competitive 28.69% APY on USDC deposits in its OLP vault.
- Rejects central limit order book (CLOB) design for a pool-based approach to enhance liquidity.
Despite early-stage trading activity, Ostium is positioned as a potential leader in RWAs within the DeFi landscape.