JOJO Exchange

About

The problem it solves ### Problem solves: Flexible Earn is a pioneering arbitrage scheme that leverages the funding rate mechanism in perpetual contract trading. The APR for Flexible Earn is derived from funding rate arbitrage paid by on-chain users trading perpetual contracts, ensuring consistent and reliable returns. All users share a common funding pool and contract position, creating a seamless and collaborative earning opportunity that lowers traders' barriers to executing funding rate arbitrage strategies. ### Advantages of JOJO Flexible Earn: **Stable Returns**: Enjoy consistent earnings through JOJO’s automated funding rate arbitrage strategies **Convenience**: Deposit funds into the JOJO platform and let our system handle the complex calculations and operations for you **Efficiency**: Leverage the differences in funding rates to trade between perpetual contracts, futures markets, and spot markets, ensuring efficient arbitrage operations **High and Sustainable APR**: Benefit from both funding rate arbitrage profits and basis profits (the price difference between spot and futures)

How it's made

Challenges we ran into **Gas Optimization**: Challenge: Frequent on-chain interactions for arbitrage require gas optimization to ensure user profitability. Solution: Conduct extensive unit and fuzz testing to optimize contract code for minimal gas consumption. **User Experience**: Challenge: Supporting continuous arbitrage while allowing users to withdraw funds at any time presents significant computational challenges. Solution: Allocate a portion of USDC as a buffer to facilitate smooth withdrawals. **High Availability of RPC Nodes**: Challenge: Managing a large user base necessitates timely data responses, requiring highly available RPC nodes. Solution: Implement a multi-RPC strategy to distribute load and ensure faster, more reliable user request processing.