Qilin Protocol 가격 

TBA

The founders of Qilin Protocol are unknown; however, the protocol is being developed by a Beijing-based team that raised an $800,000 seed round from funds like Continue Capital, Fundamental Labs, MATH Foundation, Multicoin Capital, Yuanyuzhou Ventures, and other institutions.

Multicoin Capital, the Protocol’s lead investor, is a thesis-driven investment firm with stakes in several crypto projects like Eden Network, Saber, and Solana. The Multicoin Capital team was pleased after closing the seed round, calling Qilin's understanding of the derivatives market "very professional and forward-looking."

Currently, Qilin Protocol is working on a V2 version of its platform after a V1 version was successfully released in June 2021.

Qilin Protocol promises vastly superior performance compared to its decentralized rivals, with up to 10,000X lower gas fees, 50X higher capital efficiency, and a 10X larger on-chain leverage range.

Its peer-to-peer liquidity provision lies at the product's core, allowing traders to fill orders without slippage, thus fulfilling its promise of higher capital efficiency. The slippage curve is calculated by the unmatched position value and the pool asset value; then, the slippage is added to the TWAP price feed to finalize the contract price. The liquidity pool is the counterparty of all traders in Qilin's V2 version and receives trading fees and funding rates as sources of income. The liquidity pool's losses are shared equally based on the share of each provider's deposit in the pool, while liquidators receive liquidation rewards.

Qilin's liquidity providers can be either passive LPs, token holders earning a yield from transaction fees, or professional LPs, who utilize market-making strategies and hedge their risk exposure on other markets.

Funding rates in Qilin Protocol are determined by the size of a trader's unmatched position and sent to the liquidity provider. The protocol charges funding based on the number of positions a trader has on a per-block basis, implying that the more positions a trader opens, the higher their funding rate will be and vice versa. Qilin also charges a 0.1% fee for trading, which is collected upon closing a position. Furthermore, protocol fees make up a percentage of the trading, funding, and liquidation fees. The protocol fees are then used to support community and ecosystem development.

Qilin Protocol brands itself as an Ethereum-based protocol, although it does not detail how it can achieve capital efficiency and close-to-zero gas fees on the Ethereum chain. Presumably, Qilin Protocol utilizes an undefined Layer-two solution.

Ethereum is one of the most popular blockchains and the go-to solution for many decentralized applications and exchanges to launch their tokens and projects on. It is secured by a proof-of-work consensus mechanism that requires miners to mine new Ether. A set of decentralized nodes validates transactions and secures the Ethereum blockchain.

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