How BUBBLY Redefine Pre-Market Trading Experience
Pre-market trading experiences are generally subpar, primarily because most existing pre-market DEXs rely on order book models. This method often leads to inefficiencies, long wait times for trade execution, and a lack of liquidity, frustrating users who are eager to engage with new projects and assets.
Enter Bubbly Finance.
As more projects conduct TGEs, concerns about ‘point fatigue’ are growing. The market and community demand explicit, transparent rules for points. Arbitrary issuance erodes trust and risks user rejection. Loyalty points only work if users feel a connection to the brand. While quick value realization is critical, understanding point value is even more vital. Beyond utility, an effective secondary liquidity market is essential.
WhalesMarket aims to help but falls short with poor user experience, low liquidity, and inefficient price discovery. Traders struggle to find counterparties, funds are locked pre-settlement, and long-term locks clash with crypto’s short-term trading culture. Clearly, WhalesMarket and its forks are inadequate for the new ‘pointenomics.’
Automated Market Makers (AMMs) are key for on-chain price discovery, as proven by Uniswap, CurveFinance, and Balancer. However, for non-circulating points, we need to adapt trading systems to tackle illiquid assets’ challenges.
Hence, Bubbly Finance is here to change that.
Redefining Pre-Market Trading with Bubbly Finance
Bubbly Finance is a multi-chain protocol designed to effectively attract the attention and liquidity of native users, facilitating the shortest on-chain paths for trading and asset settlements. At its core, it features an innovative AMM model tailored for the pre-market, ensuring a trading experience as seamless as Uniswap’s. We are confident that Bubbly Finance will provide the most efficient and seamless on-chain solution among all pre-market offerings. With a new cycle and the new language of crypto incentives, we are launching a new AMM-based DEX to welcome the new summer of points.
How Bubbly Finance Works: The Swapping Feature
The Swaps feature of Bubbly Finance sets it apart as the “ONLY” pre-market DEX currently available in the market. Users can easily navigate to our “Buy” page to select their desired points/pre-launch tokens through a variety of trading pairs, allowing for instant transactions. This enables users to benefit from real-time price discovery and bypass the usual lengthy trade execution times, a feature not commonly found on other pre-market trading platforms.
Experience Unmatched Smoothness with BUBBLY FINANCE
In BUBBLY FINANCE, you can assume the following roles:
- BUYER
- SELLER
- LIQUIDITY PROVIDER
Being as a “BUYER”
- Go to the Swap Tab: Navigate to the Swap tab on the Bubbly Finance platform.
2. Select the Buy Button: Click on the Buy button.
3. Choose Your Pre-market Assets: Select the pre-market assets you wish to purchase from the list.
4. Enter the Amount: Fill in the amount of the token you want to buy.
5. Confirm the Swap: Review the details and confirm the swap.
Once the swap is complete, you can check your pre-market assets balance on the Bubbly dashboard.
Claiming Tokens
Tokens are delivered within 24 hours following the TGE, with the exact time posted on our official Twitter.
- Go to the Dashboard Tab on Bubbly Finance.
2. View Action Required: Look for “Action Required” to find claim buttons for your buy positions.
3. Understand the Status of Your Cards:
- Tokens Delivered: Click the claim button to receive the tokens in your wallet.
Click the claim button to receive the tokens in your wallet.
- Tokens Not Delivered Yet: Wait until the seller delivers the tokens. The status will update automatically.
Wait until the seller delivers the tokens. The status will update automatically.
- Delivery Period Expired: If tokens weren’t delivered within 24 hours, you’ll get your principal back plus an equal amount of the seller’s collateral.
Click “claim” to receive collateral assets. If only part of your buy order was fulfilled, you’ll get tokens for the fulfilled part and collateral for the rest.
Being as a “SELLER”
You can sell the pre-market assets you bought on Bubbly via Mode 1 or provide collateral to sell the pre-market assets you acquired from other platforms via Mode 2.
Sell Pre-market Assets on Bubbly Finance
If you need provide collateral equal to their value to sell. Once you deliver the tokens, you’ll receive the sale funds and your collateral back.
- Navigate to ‘Swap’: Go to the ‘Swap’ tab.
2. Select ‘Sell’: Click on the ‘Sell’ button.
3. Select ‘Sell with Collateral’: Choose pre-market assets not bought on Bubbly.
4. Enter Amount and Approve Collateral: Fill in the amount and approve collateral.
5. Confirm Swap: Review and confirm the swap.
6. Delivery and Funds: Deliver the pre-market assets and receive funds. If you fail to deliver the token, you risk losing your collateral.
Deliver Tokens and Claim Funds
Post-TGE, during a 24-hour window:
- Action Required: Go to Dashboard and check the Delivery Time Countdown.
- Deliver & Claim: Click ‘Deliver and Claim’ to send assets and receive collateral + proceeds.
Expired positions move to the “Expired Positions” list, which will no longer appear in the “Action Required” section.
Being as a “LIQUIDITY PROVIDER”
Liquidity providers face impermanent loss like Uniswap v3 — initial quote tokens may require pre-market assets post-TGE.
Add Liquidity (i.e., LP)
- Enter Liquidity Tab: Go to the “Liquidity” tab on Bubbly Finance.
2. Select a Pool: Choose your desired liquidity pool.
3. Set Price Range: Specify the price range or choose a predefined one.
4. Deposit Liquidity: Enter the amount of assets and quote tokens.
5. Review Information: Check all details including potential yields and risks.
6. Approve Tokens: Allow the platform access to your tokens.
7. Confirm Addition: Confirm your liquidity addition to the pool.
8. Check Position: Verify your liquidity position and claim yields from the dashboard.
Withdraw Liquidity on Bubbly Finance
If you are a liquidity provider on Bubbly Finance, you can close withdraw the liquidity position at any time before pre-market assets delivery.
- Navigate to Liquidity: Go to the ‘Liquidity’ tab.
- Select Pool: Choose your pool.
- Withdraw: Click ‘Withdraw Liquidity’.
- Preview and Approve: Review details and approve.
- Confirm: Confirm to withdraw your LP.
Two Scenarios When Withdrawing LP:
- Current price differs from initial LP price:
LPs trade passively, akin to Uniswap v3.
- If current price is lower, LP buys pre-market assets.
- If higher, LP sells pre-market assets.
Withdrawal results in a buy or sell position, needing manual closure or delivery upon TGE.
2. Current price matches initial LP price:
- No passive trading for LP.
- Withdrawal gives direct return of initial tokens to your wallet.
Our goal at Bubbly Finance is to enhance market transparency through our price discovery capabilities, unlocking liquidity for traditionally illiquid assets. This aims to enable retail investors to engage in trading earlier, contributing to a fairer market environment.
Additionally, we provide points holders with an innovative avenue to generate additional yields, thus boosting their capital efficiency.
Stay tuned for more exciting updates and developments from Bubbly Finance as we continue to revolutionize the pre-market trading experience.