1. Project Introduction
Reya Network is a blockchain infrastructure layer focused on high-performance derivatives trading, belonging to the DeFi and Layer2 track. It aims to provide traders with a gas-free, MEV-free, and deterministic trading environment through innovative batch processing and execution design, and has supported real trading volume and professional users.
2. Today's Hot Topics
1. The technical architecture addresses core pain points: By using the 'thread-batch bundles' technology, multiple asset updates are packaged into a single block, achieving instant rate locking, fundamentally eliminating the Gas loss, MEV attacks, and order reordering issues faced by transactions on traditional L1.
2, Providing deterministic execution and zero Gas experience: Traders on Reya trading perpetual contracts do not need to pay Gas fees, and the execution results of trades are deterministic, protecting trading strategies from on-chain uncertainties and enhancing capital efficiency.
3, Cross-Margin System Adoption: The platform supports cross-margin accounts, allowing users to efficiently utilize margin across different positions, optimizing capital utilization, which is a key feature of professional trading platforms.
4, The token economic model is clear and practical: The $REYA token is used to support the system's operation, specifically including assisting funds (using protocol fees to repurchase REYA/ETH), insurance funds (holding rUSD as a risk buffer), staking (protecting execution nodes and earning rewards), and governance.
5, Substantial products and user base established: The project emphasizes 'builder energy,' with infrastructure already handling considerable real trading volume, serving real traders rather than remaining in the conceptual stage. Its recruitment activities also revolve around actual product improvements.
6, The platform continues to iterate rapidly: The development team focuses on continuously upgrading the platform, adding new features, and optimizing the trading experience. This product-centric pragmatic development approach has gained the trust of the community.
7, Integration with ecosystems like EigenLayer: The project utilizes ETH validators to support sequencer services through re-staking and earn rewards, integrating Ethereum's trust network and enhancing system security.
8, Expected Token Generation Event (TGE): According to community news, the TGE of Reya Network is expected to take place in the first quarter, raising market attention towards its token distribution and launch performance.
3, Key Data and Metrics
According to the tweet information, the project's key mechanisms include: 1) 80% of protocol fees allocated for repurchasing $REYA and 20% for repurchasing ETH; 2) An independent insurance fund established as a risk buffer; 3) $REYA stakers can earn RCP rewards, fee discounts, and governance rights; 4) ETH validators can participate in the network through re-staking and earn RCP rewards.
4, Project Risks
(The tweet does not explicitly mention specific risks, vulnerabilities, or security incidents; this part is omitted.)
1, caominh.eth @CaoMinhWeb3 complained about the high cost of trading perpetual contracts on L1 and issues like MEV, mentioning @reya_xyz.
https://x.com/CaoMinhWeb3/status/2019655240333816182
2, Zini @Hamzini_sol introduces how the @reya_xyz system utilizes the $REYA token, including repurchases, insurance funds, and the role of stakers.
https://x.com/Hamzini_sol/status/2019872372719788523
3, NFTPerks @NftPerks appreciates @reya_xyz's focus on infrastructure development and real trading volume rather than speculation.
https://x.com/NftPerks/status/2019896664799232322
4, Frosty @frosty_web3 believes Wallchain is a good platform to participate in @reya_xyz, mentioning its continuous upgrades and TGE expectations.
https://x.com/frosty_web3/status/2019835984993833082