AscendEX is a leading global digital asset financial platform founded by a group of Wall Street quantitative trading veterans in 2018, servicing retail and institutional clients in over 200 countries and regions of the world. Building on core value of &ldquo;Efficiency, Resilience and Transparency,&rdquo; AscendEX continues the tradition of innovation, and the commitment to driving operational excellence from product design to industry partnership expansion. Driven by its continuous innovative product development and early-mover advantage in strategic alignment with the leading projects from DeFi ecosystem, AscendEX offers trading services across over 200 trading pairs across cash, margin, and futures products, in particular margin trading of over 50 tokens in cross-asset collateral mode and futures trading in both cross-asset and isolated margin modes. Furthermore, the platform has clearly set itself apart from other competitors as the top-tier financial platform with its full integration of &ldquo;Cash &ndash; Margin &ndash; Futures - Staking &ndash; DeFi Mining.&rdquo; BTMX, the platform native utility token, now ranks one of top 100 crypto assets by market capitalization. AscendEX has ranked top 3 among global trading platforms by ROI, per industry research data. With strong control risk mindset, the AscendEX team have applied traditional financial market rigor to the design and development of high-performance order matching system and digital asset security management with dynamic combination of hot and cold wallet solutions. The core mission of the platform is to create a robust, secure, and reliable experience for all participants; and a consistent source of liquidity for primary listing and trading offerings.

Frax

The Frax protocol was the first fractional algorithm stablecoin system. Frax is open source, permissionless, and entirely on-chain -- currently implemented on Ethereum (and potentially cross-chain in the future). The ultimate goal of the Frax protocol is to provide a highly scalable, decentralized, algorithmic currency to replace fixed-supply digital assets like BTC. The protocol contains the following concepts: 
 Fractional algorithm -- Frax is a unique stablecoin whose partial supply is supported by collateral and partial supply algorithms. The ratio of collateral to the algorithm depends on the market pricing of FRAX stablecoins. If FRAX trades above $1, the agreement will lower the collateral ratio. If FRAX trades below $1, the agreement increases the collateral ratio. 
 Decentralization and governance minimization -- Community governance and an algorithmic approach that emphasizes a high degree of autonomy, without active management. 
 Full on-chain predictor - Frax V1 uses Uniswap (ETH, USDT, USDC time weighted average price) and Chainlink (US dollar price) predictor. 
 Two tokens -- FRAX is a stablecoin that targets a narrow band around the $1 / coin. < a href = "https://coinmarketcap.com/currencies/frax-shares/" > Frax Shares < / a > (FXS) is to produce cost, mint tax revenues and excess collateral value management scrip. 
 Prior to Frax, staboins were divided into three categories: fiat collateral, cryptocurrency overcollateral, and unsecured algorithms. Frax, the first decentralized staboin to classify itself as a fractional algorithm, enters the fourth and most unique category. 
The supply of FRAX stablecoins is dynamic and constantly changes due to its fractional algorithm monetary policy to keep the price at $1. < a href = "https://coinmarketcap.com/currencies/frax-shares/" > Frax Shares < / a > (FXS) tokens of supply at the beginning of the creation is restricted to 100 million tokens, not inflation a timetable in the agreement. FXS tokens are governance tokens that accumulate all the value of newly minted FRAX, fees, and excess collateral. FXS is an investment and governance asset, while FRAX is a currency token. 
The Frax protocol is a community-driven and uniquely designed stablecoin. Over 60% of the SUPPLY of FXS is issued to liquidity providers and yield farmers over many years. It is a completely decentralized protocol, governed on the chain. It was also the first and only staboin to adopt a fractional algorithm hybrid design when it was launched in November 2020. 
 The Frax protocol is the brainchild of American software developer Sam Kazemian, who came up with the first idea for fractional algorithm stablecoins in 2019. 
 The founding team of Frax Engineers includes Travis Moore and Jason Huan. Sam Kazemian originally came up with the idea when he noticed that stablecoins were growing rapidly but without any mixture of algorithmatic monetary policy and collateral. Projects that use purely algorithmic monetary policy fail or close without any significant traction. Frax is designed to measure the market's confidence in a partially algorithmized and partially collateralized stabocoin.

Ethereum，Polygon，Fantom，Moonbeam，Avalanche，BSC，Arbi，Moonriver，Solana，Optimism，NEAR Protocol，Harmony

0x853d955acef822db058eb8505911ed77f175b99e

0x45c32fA6DF82ead1e2EF74d17b76547EDdFaFF89

0xdc301622e621166bd8e82f2ca0a26c13ad0be355

0x1a93b23281cc1cde4c4741353f3064709a16197d

0xd24c2ad096400b6fbcd2ad8b24e7acbc21a1da64

0x90C97F71E18723b0Cf0dfa30ee176Ab653E89F40

0x17fc002b466eec40dae837fc4be5c67993ddbd6f

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0x2e3d870790dc77a83dd1d18184acc7439a53f475

0xfa7191d292d5633f702b0bd7e3e3bccc0e633200

https://github.com/FraxFinance/frax-solidity

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Equilibria Integrates $sfrxUSD of Frax Finance with Massive 250% $vePENDLE Boost

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By applying to become an order recipient and binding the trading API, you agree to the following disclaimer:

1. API Usage Responsibility: The individual operator acknowledges and confirms that binding the trading API is for executing contract trades. All transactions executed via the API are independent of the order recipient’s decisions, and the order recipient assumes full responsibility for the trading results.

2. Security: The order recipient is responsible for safeguarding their API key. Unauthorized access or use may result in financial loss. Brokers must immediately notify the platform in writing of any unauthorized use.

3. Trading Risks: Using the trading API involves market risks, including but not limited to price fluctuations and slippage. Leaders should independently assess market risks. Individual members should also independently assess market risks, and the platform bears no responsibility for losses caused by market fluctuations.

4. Technical Issues: The use of the trading API may be affected by technical issues, including but not limited to system failures and network interruptions. The platform is not responsible for losses resulting from technical issues.

5. API Key Protection: The order recipient must properly safeguard their API key and not share it with any third party. Any loss caused by the leakage of the API key shall be borne by the order recipient.

6. Compliance: Leaders using the API must comply with all applicable laws and regulations. Violations may result in the termination of the order recipient’s qualification.

7. API Privileges: Leaders acknowledge and agree that the privileges granted by API binding will allow contract trading execution. The platform is not responsible for losses caused by the improper use of API privileges.

8. Disclaimer Changes: The platform reserves the right to modify the disclaimer at any time. Changes will be notified by the platform. By continuing to use the API, the order recipient agrees to any modifications to the disclaimer.

I have read, understood, and agreed to all the terms of the above disclaimer.

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