Roadmap
Seen the upcoming launch of the protocol token, TIG, is time to explore more in detail what the development will be focused on in the next few months.
QOL UPDATES FOR TRADERS
Tigris is built for traders so the priority is to make their experience as smooth as possible. The platform already has a clean UI and powerful features but is not perfect. This are some of the small updates that will go live in the next few weeks:
- show closing fee dollar value in edit window
- Max button next to the Margin box
- make the slider max out to the margin you have
- add more alerts to notification box like product updates or change logs
- see the current price in My Open Positions
- add percentage slider on edit take profit and edit stop loss
- save last timeframe
CONTRACTS
Tigris already has a powerful trading structure that allows traders to use advanced features such as:
- add and remove margin
- open a position on top of another
- partially close a position
The development will now focus on even more sophisticated features:
- crossmargin
- trailing SL
- OCO limit orders
- partial TP/SL
Given the limit size on smart contracts and to avoid fragmenting excessively the codebase, the new features will be implemented along a new Diamond smart contract, that will be possible to update and upgrade in the future if needed.
NEW FEATURES
LISTED PAIRS
Traders have been requesting a lot of pairs to be added to Tigris ranging from Forex to stocks, commodities and indices.
Thanks to Pyth, in the next few weeks new pairs and new assets classes will be listed.
Thanks to our synthetic structure, unique pairs can be added to the protocol such as BTC and ETH pairs (like BTC/GOLD and ETH/SPY).
NFT INFO
All open trades on Tigris are minted as an NFT. As of now these NFTs don’t contain any metadata and are not useful to traders.
This will be changed and NFT trades will appear in wallets and show all the relevant info regarding the position such as trade type, leverage, entry price, margin, size, current price, PnL and more.
The data will update in real time and it will also be possible to share an open trade on social media with a preview showing the relevant info.
It will also be possible to embed the user’s referral link into the shared trade.
Just like open trades, tigUSD locks also are minted as NFTs.
Metadata will be added to them too in order to make it easier for stakers to exchange locks both on NFT marketplaces and otc.
The Lock NFT will show all the relevant info such as staked amount, lock duration, apy and earned rewards.
Staked tigUSD essentially acts as a bond. In order to develop a secondary market around these locks, in the next few bonds a marketplace will be built on Tigris website where it will be possible to exchange locks freely.
NEW COLLATERAL
Tigris liquidity structure allows for the use of any token as collateral for traders. Right now only DAI on Polygon and USDT on Arbitrum are allowed but a new ETH vault will be available in the future.
On-chain traders deeply appreciate being able to use ETH as collateral and stakers will have the possibility to earn a very good yield on their staked tigETH.
REFERRALS
Tigris currently has a simple referral model, where anyone can create a link and earn 10% of referred trading fees.
This will be changed in order to adopt a tiered referral system where power users can unlock higher rewards and discount for referred traders.
It will also be possible for the protocol to create custom referral links to give out for exclusive partnerships and integrations, for example to an aggregating platform such as UniDex.
NEW PRODUCTS
Synthetic leverage trading is just one of the possible use cases unlocked by smart contracts and price feeds.
The next product that will be added to Tigris is short-term options on all pairs offering 5 minutes, 15 minutes and 1 hour binary options.
This will have a separate UI from perp trading but will use the same underlying structure and liquidity, boosting tigUSD apy for stakers and attracting more liquidity for perp traders at the same time, in a positive feedback loop that will accelerate the growth of the protocol.
Options will be launched very soon, as UI is ready and smart contracts are completed and being audited.
This roadmap shows where Tigris is headed and we hope you will join us along on this journey.
Our links:
https://tigris.trade
https://twitter.com/TigrisTrades
https://discord.gg/9YqkK29Qx2
