Blackwing is a revolutionary trading platform integrated into the Initia ecosystem, functioning as a modern decentralized exchange (DEX) with a unique capability to trade without the risk of liquidation. This feature is ideal for traders looking to leverage a wide range of assets, including emerging assets like WIF or BONK, known for their high growth potential.

Designed by a team of industry veterans from giants like Meta and Robinhood, Blackwing pushes the boundaries of leveraged trading by offering innovative solutions to overcome the typical risks associated with volatile markets.

Blackwing’s Innovation

Blackwing’s key innovation lies in its use of Limitless Pools, which enable leveraged transactions without the need for liquidation, even for long-term assets. This technology, combined with Initia’s modular infrastructure, enables seamless asset exchanges across different chains, maintaining decentralization.

Trading Features

• Cross-chain Trading: Facilitates trading assets from various blockchains.
• Leverage Without Liquidation: Limitless Pools introduce a new way to trade with leverage without liquidation risks.
• Classic Mode: Enables leveraged trading using USDC as collateral, with liquidation possible if the position value falls below a predetermined threshold.

Intent Solver Architecture

To enhance user experience and transaction flexibility, Blackwing employs an intent solver architecture that simplifies transactions by managing technical details, allowing users to focus solely on their trading strategies.

Example:

• A user wants to open a 5x leveraged long position on SOL with 100 USDC as collateral.
• The Blackwing network takes care of finding the best way to fulfill this intent, managing details like cross-chain asset bridging and price sourcing.

Blackwing XP (BXP) Program

The BXP program rewards early adopters and active participants of the network. Accumulated BXP will help determine the recipients during airdrop distributions.

Earning BXP:

• Initial Bonus: Earn up to 50 BXP for your first deposit.
• Completed Invitations: 10 BXP for each invited person who deposits at least 10 USD.
• Testnet Trading: Users who trade on the testnet will be rewarded.

How to Participate in Blackwing’s Testnet

To get started on the Blackwing testnet, follow these steps:

1. Get a Referral Code:

• Where to find your code: Visit the official Blackwing or Initia Discord server to get a 5-digit referral code needed to participate.

• Share and exchange your codes in the comments of this article to foster community support. 🤝

• Site connection: Go to the Blackwing website and enter your referral code.

2. Connect Your EVM Address:

• Recommended method: Use MetaMask or the OKX wallet for a better user experience.

• Confirmation: You will receive signature requests to confirm that you are the owner of the account.

3. Fund Deposit:

• Minimum amount: Click the “Deposit” button in green to deposit at least one dollar in ETH via the Arbitrum network. A deposit of 10 USD is recommended to fully participate and meet one of the conditions for campaigns on Zealy.

• Bonus: A bonus on gains applies for deposits in ezETH or weETH, increasing your potential rewards.

4. Using Initia’s Bridge to Deposit USDC:

• Procedure: To deposit USDC on Blackwing, you will need to use Initia’s bridge.
• Detailed guide: Check our specific article for step-by-step instructions if you encounter difficulties.

• Once your USDC is bridged, you must now retrieve it on the Blackwing site.

5. Connect Your Initia Wallet:

• Step 1: Click on the USDC logo at the top of the screen to start connecting your wallet.

• Step 2: In the connection window that appears, select “connect Initia wallet”.

• Step 3: Log in using the wallet you used for the bridge.

6. Deposit and Trading:

• Deposit: Enter the amount of USDC you wish to deposit. Be mindful to reserve some for GAS fees in USDC.

• Trading: Showcase your trading skills by participating in long or short operations. This is an ideal opportunity for newcomers to try trading risk-free with faucet funds.

• By following these steps, you will be well-prepared to explore and test all the features offered by Blackwing. Take this opportunity to discover the innovations in leveraged trading without liquidation risk and much more. Good luck and happy trading on Blackwing’s testnet!

Conclusion

Blackwing offers an innovative and decentralized trading platform, allowing users to trade with leverage without liquidation and enjoy the benefits of cross-chain trading. Whether you are an experienced trader or a new user, Blackwing provides a pleasant and simplified user experience.

Explore Blackwing and discover the opportunities it offers within the Initia ecosystem. To learn more about the other Minitias of Initia and further enrich your blockchain experience, do not hesitate to consult our article dedicated to the Minitias.

Participate in Blackwing Quests

To enrich your adventure in the Blackwing ecosystem, participate in the quests on Zealy and Galxe, which will invite you to complete a series of simple missions to accumulate points and unlock exclusive rewards. With these platforms, take on various challenges that will deepen your understanding of Blackwing and earn rewards for your engagement. These activities are perfect opportunities to interact with the community and discover all the features of Blackwing.

Also, stay active on Blackwing’s Discord to keep up with real-time updates and be an integral part of the community.

To discover other Minitias of Initia and further enrich your blockchain experience, feel free to check out our dedicated article on Minitias.

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