This is the second article in the series of monthly recaps by Copin Analyzer!
Hello Copin Analyzer Fams!!! Welcome back to our blog!
Time really flies! We have entered the second month since we started the series of monthly update articles. At Copin, we strive every day to develop, change, and make significant updates. We are incredibly grateful for the continuous support from our user community, copiers, and partners. Your encouragement and feedback have helped us improve and grow.
In this article, we will continue to bring you exciting updates from the past month, vibrant activities, and community events you can participate in. Let's review the achievements and upcoming plans together!
Supporting 3 more top centralized exchanges for hybrid copy-trading
OKX
Bybit
Gate
Added a 'Skip Lower Collateral Position' option.
Improve indexed data of Synthetix V2
Enabled copying for:
MUX
gTrade
Avantis
Added CEX Depth feature, providing an overview of liquidity in copy trading.
Added a special events page for Copin
Community Activities:
Hosted a side event within the framework of GMVN 2024
Organized the first exclusive Copy Trading event on Copin
Things to expect in the next few weeks:
Maintaining and updating data from integrated exchanges.
Major changes and upgrades for the explosive version v0.8.0.
Expanding the data index for the next perps exchanges.
A. Product Updates
1. Trader Analyzer
Staying true to our goal of becoming a mass adoption platform for perps narrative, Copin successfully 'cooked' and integrated data from 13 leading perps across 8 different chains/layers last month.
Additionally, integrated data sources will be improved to provide users with the most accurate information. Synthetix V2 has had some updates, and Copin has improved and updated the data to ensure users experience no interruptions in their analysis with Copin.
2. Copy Trading
Copy trading remains a key use case, trusted and utilized by many users over the past period. To meet this demand, the expansion of execution sources through hybrid copy trading activities has been included in Copin's development strategy for the past month. Copin has successfully integrated and launched three other top centralized exchanges:
Registering for trading through Copin's referral link will receive many other attractive benefits when using Copin.
Not only have we integrated additional options for executing copy trades, but expanding the data sources available for copy trading is also part of Copin's development plan. Although we need to thoroughly test these integrations, we are very grateful for our copiers who continuously follow and accompany Copin throughout our development journey. This month, we have enabled the copy trader feature for three more perps:
MUX
gTrade
Avantis
A small guide: The green dots indicate that the exchange allows the use of copy trading. Through this, you can identify the latest perps available for copy trading on Copin.
Listening to the requests and seeing the actual needs of copiers, we have researched and added a new feature in the copy trader setup: the 'Skip Lower Collateral Position' option. This feature helps you control risk when a trader makes unusual changes to collateral It limits abnormal situations and ensures safety.
3. New Feature
Liquidity is a challenging issue when many people are copying the same 'hot wallets'. CEX Depth is a feature Copin has developed specifically for copiers to help address this issue. This feature provides users with an overview of liquidity for each trading pair on each exchange and the volume levels maintained by copiers. It allows for a quick assessment of the popularity of the trader you are copying, enabling you to adjust your volume accordingly and minimize slippage when opening copy positions.
On the left is SHORT and on the right is LONG. The calculation formula is: Leverage x Depth Percentage.
For example, at -0.1% with 20x leverage, it would be 20 x 0.1 = 2%. This means the potential slippage is within a safe range of 2%. In other cases, pay attention to the red warning, which indicates a liquidity shortage.
B. Community
1. Future of Web3 (GMVN 2024 - Side event)
One of the most notable community activities in June for Copin was the special offline event 'Future of Web3'. This event was part of Vietnam Blockchain Week 2024. Copin, along with strategic partners Bitget and Bitget Wallet, successfully organized this event, providing users, builders, and web3 enthusiasts in Vietnam with the opportunity to exchange ideas, meet, and connect more deeply with each other.
With a total prize pool of up to $50,000 and many special gifts, Copin is organizing an event entirely dedicated to copy trading. Through this event, we aim to reward our platform users and honor outstanding individuals who consistently use and support Copin throughout its development stages. This is also the first event to mark the launch of the event page on Copin. Copin's development features always prioritize user needs and strive to create a seamless experience on the platform.
Currently, 21 people have registered to participate in the contest. If you haven't registered yet, don't worry. Start now and begin competing, showcasing your copy trading strategy analysis skills alongside other 'masters' on Copin.
The event will run until 0:00 UTC+0, July 31, 2024.
Kill two birds with one stone. Below is a summary of places where you can follow other ongoing activities on Centralized Exchanges. This way, you can take advantage of participating in multiple activities simultaneously and further increase the rewards you can receive:
Those are all the positive updates Copin brought in June. This sets the stage for an even more explosive July. Thank you everyone for taking the time to read through this information. See you next month with more updates. Love you'all Copin Analyzer Fam!!!
About Copin Analyzer
Copin Analyzer is a platform designed for the mass adoption of the perpetual DEX narrative. It enables users to explore, analyze, and copy on-chain traders from the top of Perpetual DEXes including GMX, Synthetix, etc.
