Introduction to Reya Airdrop:
Reya Network is a modular L2 optimized specifically for trading scenarios, and the Reya perpetual contract exchange is about to launch.
This project is currently running a liquidity staking activity, where you can earn points by depositing your stablecoin into the project, which can later be exchanged for corresponding airdrop rewards based on the points earned when the project launches.
- Visit Reya Homepage, link your EVM wallet and sign;
- You need these assets USDC to participate in the airdrop. You can obtain USDC from Binance (20% trading fee discount), OKX (20% trading fee discount), or BitGet (20% trading fee discount);
- Go to Reya APP, click ‘Stake’ to enter the staking interface;
- Click on deposit, deposit USDC
Introduction to Reya Network Project
Reya Network is not just a generic Layer 2 solution, nor is it a speculative project. Instead, it is dedicated to addressing the practical issues faced during the scale-up of DeFi—issues that are often not effectively resolved by generic designs. As a team of experienced DeFi OGs, Reya Network understands these challenges well and proposes innovative solutions.
Key Challenges in DeFi Scaling
Liquidity Fragmentation
One of the core issues of DeFi scaling is fragmented liquidity. Every time a new exchange is deployed on a generic Layer 2, limited liquidity resources are further diluted, leading to insufficient market depth and deteriorating trading conditions. This not only harms traders but also hinders the overall healthy development of the market. Furthermore, generic designs are prone to front-running and harmful MEV (Miner Extractable Value), exacerbating market unfairness. Additionally, due to an inability to process tasks in parallel, generic designs also face performance bottlenecks.
Innovative Solutions from Reya Network
Focusing on Optimizing DeFi Scenarios
Reya Network adopts a different scaling philosophy than traditional Layer 2: optimizing for a single use case rather than pursuing generic design. It proposes innovative solutions focused on liquidity, capital efficiency, and performance optimization.
1. Liquidity Sharing Mechanism
Reya Network has designed a unique passive liquidity pool mechanism that allows capital to more efficiently support transactions within the network. All exchanges within the ecosystem can share liquidity, thereby increasing market depth, lowering entry barriers, and improving user trading experience.
Moreover, Reya integrates financial logic into the network architecture, serving as a cross-exchange clearing protocol that effectively addresses liquidity fragmentation. This design allows market makers to freely distribute liquidity across different exchanges, creating a positive cycle of interoperable liquidity that ultimately benefits the entire ecosystem.
2. Enhancing Capital Efficiency
Reya Network has built margin engine logic into the network, allowing users to use a unified margin account across multiple exchanges. This design makes Reya Network a truly decentralized clearing platform.
With this architecture, users’ capital efficiency is significantly improved:
- Traders’ capital efficiency improves to 3.5 times
- Liquidity Providers (LPs) capital efficiency improves to 6 times
Any exchange operating on Reya Network can directly benefit from these enhancements, providing users with better trading conditions.
3. Performance Breakthrough
Reya Network stands out with its outstanding performance:
- Block time is only 100 milliseconds
- Throughput reaches up to 30,000 transactions per second
It adopts a First In First Out (FIFO) transaction execution model that completely eliminates gas fees, fundamentally prohibiting front-running and harmful MEV. Reya’s architecture is based on the Arbitrum Orbit tech stack, with further optimizations planned in the future, such as directly integrating the logic of specific applications into the network.
Future Outlook for Reya Network
High performance is the key driver for the future development of DeFi. Currently, DeFi’s trading volume accounts for less than 5% of the crypto market, partly due to performance and user experience that struggle to compete with centralized finance (CeFi) platforms.
The combination of Reya Network’s high performance, modular design, and integration of underlying financial logic is expected to bring CeFi’s trading volume on-chain for the first time, promoting the growth of the DeFi ecosystem while providing traders with greater transparency, robustness, and composability.
With its unique design philosophy and innovative technology, Reya Network has the potential to become a significant force in driving the development of DeFi and reshaping the future of the industry.