Ink Ecosystem DEX Nado Launches Second Season with Key Updates

Ink Ecosystem's decentralized exchange, Nado, has commenced its second season with several significant updates. According to Foresight News, the platform has removed its invitation-only registration, allowing any user to sign up and start trading from May 21. A trading competition with a total prize pool of $100,000 will be held from May 25 to June 1. The points mechanism has been adjusted, linking the points pool size to the platform's overall trading volume. As the protocol's trading volume increases, the weekly points emission cap will also rise. The referral system is set to be upgraded, introducing a commission reward based on transaction fees, which will operate alongside the existing points rewards. Additionally, the fee structure has been optimized by adjusting the fee rate tiers to lower the threshold for high-tier users. Nado also plans to gradually introduce real-world assets (RWA) as collateral in the second season. Furthermore, the platform aims to launch a tokenized market for 24/7 trading and establish fiat on-ramp and off-ramp channels.