Dear users,
We are excited to announce that Borabora Prerelease will deploy the mainnet to BNB Chain on June 19, 2023!
Borabora Prerelease is the most powerful version of the derivatives protocol. As the key and superior infrastructure of decentralized finance, gathering liquidity will provide unprecedented capital efficiency for liquidity providers and better trade experience for traders. The trading cost on BNB Chain is reduced by 45%~50% compared with the previous version, laying the foundation for the subsequent eco-system development.
At that time, you can refer to Gitbook for a complete description of the functions of Borabora Prerelease, and the audit reports of the core and contracts can be found here. After a lengthy 40 days of testing, there is no severe vulnerability findings returned. However, we would like to point out that this is a complex new protocol and we cannot guarantee that all bugs have been found and resolved.
?To Traders:
– The price feed in Borabora Prerelease introduces the price keeper mechanism, and the contracts accepts the double verification of the price feed administrator and Chainlink, which makes the price more timely and effective, enabling traders to have better real-time exchange rates.
– Borabora Prerelease regards Bora NFT as a proof asset of trading volume (on Opensea). This will not only enable traders to obtain NFT-based full-platform commission dividends, but also enjoy the future enormous value of NFT.
?To Liquidity Provider:
– Borabora introduces the Per2Pool liquidity supply model, adopts the design of the aggregation pool, so that the liquidity of the liquidity provider (LP) can support multiple trading assets, which greatly optimizes the capital efficiency and effectively reduces the risk of LP.
*Important notice:
– Borabora Prerelease and previous version are not running concurrently. Therefore, please close all positions you hold before Borabora Prerelease launches, otherwies the contracts will automatically be closed.
– Please unstake the $Tuna staking in time, all contract services of the $Tuna will be suspended after Borabora Prerelease launches.
– Please consider for yourself whether to use your $USDB, all contract services of the $UDSB will be suspended after Borabora Prerelease launches.
– Holders of NFT LV1 or above, please contact the Bota TG administrator for the NFT buyback, the original NFT contract will no longer provide related services after Borabora Prerelease launches.
The Borabora Team
June 5, 2023