Let’s face it, 2023 hasn’t been kind to DeFi. It’s been a rough winter for the space, with blow after blow hitting the industry. Whether it’s the LUNA crash, 3AC bankruptcy, or the FTX saga, DeFi has taken some hard hits.

DeFi Winters

The truth is, DeFi is in serious trouble, and there’s no way to sugar-coat it. The numbers don’t lie. Just take a look at the total value locked (TVL) in DeFi. Since 2022 began, the sector has lost a staggering 75% of its locked value. Ouch!

At the beginning of 2023, there was a slight glimmer of hope with a small increase in TVL. Another metric worth considering is the volume on decentralized exchanges (DEXes). Even the independent exchanges, which were once seen as the most promising aspect of DeFi, couldn’t withstand the bitter winter winds.

Exchanges operating independently are considered the most potential vertical in DeFi. Yet, even they could not withstand the bitter winter winds of DeFi

The Condition of DeFi At Present

So, where does DeFi stand right now? Well, it’s not all doom and gloom. While the number of relevant DeFi protocols can be counted on one hand, there are still some players making waves. Uniswap continues to hold the title of the largest DEX, Curve is busy exchanging stablecoins, Aave is working on exciting initiatives, and dYdX and GMX are welcoming new users into the fold.

RoseonX

But there’s a rising star on the horizon – RoseonX. This gamified derivatives exchange offers a unique opportunity to trade your favorite crypto instruments at low fees and with leverage of up to 50X. RoseonX aims to provide advanced features that are missing from the market.

Let’s take a moment to compare. Sure, you can trade on other platforms, but you’re missing out on a whole range of useful features like zero spot slippage, a dedicated launchpad, internal swaps, a referral system, and yes, gamification. RoseonX is your one-stop-shop for all these features and more. Imagine the exposure and wealth-building opportunities you’ll have with RoseonX’s unique offerings.

But that’s not all. With RoseonX, you get a multi-chain decentralized exchange with perpetual contracts. This means you can move your funds across various chains at minimal cost. The platform also boasts advanced tools like trailing stop losses to protect your profits, single sign-on for saving time, and a delegated wallet that puts you in full control of your funds. It’s your keys, your wallets – no need to worry about losing your hard-earned money.

What else do you get with RoseonX?

A Multi Chain Decentralized exchange with Perpetual Contracts.
This will help users like you to move your funds via various chains at a minimal cost.

Advanced tools like Trailing Stop losses to protect and book your profits, Single sign-on to save your time, Delegated Wallet, which is entirely under your custody

Your keys, your wallets. We don’t want you to end up losing your hard-earned money; with our DEX, you can stay stress-free about the safety of your funds as you are in charge of your money, NOT US.

A Gamified Experience

Now, let’s talk about the fun factor. RoseonX is here to make trading and DeFi enjoyable again. Their slogan says it all: “Make DeFi Fun Again.” The more you trade, stake, or play games, the more rewards you’ll earn. Daily check-in rewards and quizzes offer additional opportunities to increase your gains. RoseonX is taking gamification to the next level, revolutionizing yield farming, staking, and trading in a way that few exchanges have done before.

Roseon is introducing a Stake, Earn and Draw event featuring a total reward of 10,000 ROSX tokens.

Stake minimum of 500 ROSX tokens for 7 days in “ROSX Lucky Draw” pool and win. The rewards of 5,000 ROSX tokens for staking are ensured and shared among all participants, and the prize pool of 5,000 ROSX tokens will be distributed to 5 lucky winners based on the rules below.

Rules

All users who successfully complete those tasks below will share 5,000 $ROSX for staking rewards and have a chance to win 1,000 $ROSX more

• Stake at least 500 $ROSX tokens in ROSX Lucky Draw pool on RoseonApp
• Subscription period: 3 days (from May 24th 9AM UTC to May 27th 9AM UTC)
• Locking period: 7 days (from May 27th 9AM UTC to June 3rd 9AM UTC)
• Roseon reserves the right to disqualify any participants showing signs of fraudulent behavior immediately