Cardinal (@cardinal_labs) header
Cardinal (@cardinal_labs) profile picture

A new era of derivatives. Mercatus nobis sunt. Join the order: https://xitter.gq/t.co/DHT1EidvYD

New York
Joined December 2024
Photo by Cardinal (@cardinal_labs)Photo by Cardinal (@cardinal_labs)Photo by Cardinal (@cardinal_labs)Photo by Cardinal (@cardinal_labs)Photo by Cardinal (@cardinal_labs)
We introduced Yield Perps, built on @DeriveXYZ. Now you can trade them. Farm up to 7+ digit APR using BTC price action now on @arbitrum Sepolia. The Cardinal testnet trading competition is live with a 10,000 DRV top prize. 📜: blog.cardinal.trading/the-ca… TL;DR below 🧵🔻
6
22
7
67
7,602
Don't miss out on the new era of derivatives coming. 13 days remaining. 🕐🐦‍⬛ Join the Cardinal Testnet Competition: cardinal.trading/
1
1
1
14
358
Ok I think @cardinal_labs is onto something here If you trade, you really need to test this out now discord.gg/Tszxh8XVV
3
6
270
One more talented DeFi builder I know building on @DeriveXYZ ethereum:0xb1d1eae60eea9525032a6dcb4c1ce336a1de71be
Introducing Cardinal. Our first product, the Yield Perp, enables 7+ digit yield farming using BTC price action. Powered by @DeriveXYZ under the hood. This is only the start of what's possible with derivatives: 📜 blog.cardinal.trading/introd… TL;DR below 🧵 🔻
5
5
1
82
5,497
♦️ V To qualify for prizes: tweet about your entry to the competition, claim your margin, and begin placing trades using the Cardinal trading interface or API. ⚠️One wallet per participant. Sybil attacks will be disqualified. GLHF 🍾
1
3
128
♦️ VI Help shape the next generation of derivatives. Test your strategies, report bugs, and tell us what could be better. Your feedback will help improve Yield Perps for everyone ahead of mainnet. Start trading: cardinal.trading Join the Discord: discord.gg/cardinal-labs
3
107
The Cardinal Testnet competition goes live soon. Details to follow. 🐦‍⬛
3
5
3
16
740
Most derivatives can be used to long or short the market, but how do traders profit from a sideways move? Range trading with yield perps makes it simple. 🔻
Replying to @cardinal_labs
♦️ II What are yield perps? Yield Perps are derivatives that let you earn by predicting BTC's behavior over time. Choose Long, Short, or Range. Earn while price meets your position’s conditions. No expiries. No liquidations.
2
7
260
Cardinal retweeted
Introducing Cardinal. Our first product, the Yield Perp, enables 7+ digit yield farming using BTC price action. Powered by @DeriveXYZ under the hood. This is only the start of what's possible with derivatives: 📜 blog.cardinal.trading/introd… TL;DR below 🧵 🔻
6
16
6
51
7,628
Cardinal retweeted
Cardinal is a reimagining of how we can use derivatives to serve the modern market. Today, it's recreating the strongest elements of yield farming, but sustainably and with more composability. Soon, it'll reinvent the hedge fund portfolio entirely.
Introducing Cardinal. Our first product, the Yield Perp, enables 7+ digit yield farming using BTC price action. Powered by @DeriveXYZ under the hood. This is only the start of what's possible with derivatives: 📜 blog.cardinal.trading/introd… TL;DR below 🧵 🔻
3
3
1
14
390
Cardinal retweeted
Replying to @cardinal_labs
@cardinal_labs is building on @arbitrum , starting with a product that turns Bitcoin price predictions into continuous yield opportunities. It is currently preparing traders to test the product before its mainnet launch. One to watch! Bullish on the programmable economy.
1
4
7
128
Cardinal retweeted
Finally something genuinely new in DeFi, built by some seriously talented OGs. Been testing Cardinal and really like where this is going. Bullish 🔥
Introducing Cardinal. Our first product, the Yield Perp, enables 7+ digit yield farming using BTC price action. Powered by @DeriveXYZ under the hood. This is only the start of what's possible with derivatives: 📜 blog.cardinal.trading/introd… TL;DR below 🧵 🔻
1
3
37
Introducing Cardinal. Our first product, the Yield Perp, enables 7+ digit yield farming using BTC price action. Powered by @DeriveXYZ under the hood. This is only the start of what's possible with derivatives: 📜 blog.cardinal.trading/introd… TL;DR below 🧵 🔻
6
16
6
51
7,628
♦️ IV What is Cardinal? Cardinal is a programmable underwriting protocol engineered to support new derivative instruments, built by veterans from Synthetix, Kwenta, Panoptic, Re7, and Derive. The next generation of derivatives has yet to be invented. We're here to build it.
1
1
9
149
♦️ V Next up: the Cardinal testnet trading competition on @arbitrum. Explore Yield Perps, compete for prizes, and help shape the product before mainnet. Join the Discord to learn about the competition and other early bird opportunities: 🗣️ discord.gg/X5qMQdnubB
9
130