Tucana is a DeFi platform designed to revolutionize derivative trading within the Initia modular ecosystem. With a clean and user-friendly design, it caters to all types of users, offering a fast, secure, and easy trading experience accessible even during network congestion peaks.

Explore Tucana, the platform redefining yield possibilities in the world of decentralized trading.

Key Innovations of Tucana

Proof-of-Tradable-Value (PoTV):

Enhances security and increases TVL by valuing assets based on transactional activity rather than static holding, promoting active capital use, improving available liquidity, and enhancing system resilience against market fluctuations. This mechanism also allows users to actively reinvest liquidity positions to strengthen blockchain security while encouraging dynamic, incentive-based governance.

Optimized Liquidity:

• Tucana maximizes capital efficiency through multi-layered on-chain yields, providing various return options to optimize user investments.

Aggregator Layer:

• Simplifies inter-chain exchanges by centralizing transactions on a single blockchain, optimizing exchange rates through various AMM models, and executing transactions directly on the target blockchain to secure the best available prices.

Transaction Security and High-Frequency Oracles:

Prioritizes liquidation transactions to minimize under-collateralization risks, enhancing platform security and stability. It ensures operational stability during liquidations and stop-loss events using reliable, multi-sourced verified oracles.

These advanced technologies position Tucana as a groundbreaking player in the DeFi ecosystem, focusing on efficiency, security, and an exceptional user experience.

Main Features of the Tucana Chain:

• Speed and Responsiveness: Utilizing MoveVM, Tucana processes transactions rapidly at minimal costs, crucial for the volatile derivatives market.
• Optimized for Derivative Trading: Specifically designed for derivative trading, this chain optimizes performance and minimizes resource conflicts, ensuring a smooth and efficient trading experience.
• Interoperability via IBC: Enables seamless interactions with other chains in the modular ecosystem, facilitating cross-chain exchanges and enhancing trading opportunities.

Tutorial: For the Testnet

To explore the Tucana Testnet, there’s no need to transfer your INIT tokens from Initia. You can directly use your existing funds without having to bridge them to the Tucana application, significantly simplifying access to various features.

Accessing Tucana:
To get started, visit the Tucana Testnet site where you can interact directly with various DApps available. Tucana’s user interface is designed to be intuitive and easy to navigate, offering quick access to key features such as the DEX, perpetual trading, and the Faucet.

Claiming the Faucet:

To fully engage in the Testnet activities, you will need TUC tokens. Here’s how to obtain them:

1. Navigate to the Faucet feature on the Tucana site.
2. Enter your Initia wallet address and complete the captcha verification.
3. Click on “Claim” to receive 10 TUC every 24 hours.

Tip: Although the TUC tokens obtained via the Faucet cannot be traded directly on Tucana, they can be bridged to Initia to be exchanged for INIT tokens. This allows you to test the cross-chain functionalities and further explore the modular ecosystem.

Perpetual Trading Experience:

The Perpetual DEX on Tucana allows you to add liquidity and engage in leveraged trading operations, earning fees from both swaps and trading activities.

Currently, you can only add liquidity using TUC tokens to mint TLP, which enhances traders’ yields by leveraging yield farming strategies and other decentralized financial mechanisms.

Adding Liquidity to Mint TLP

1. Select TUC as the asset you wish to deposit for minting TLP.
2. Enter the amount you want to deposit and click “Add”.
3. Confirm the transaction in your wallet to finalize the addition of liquidity.

Note: The conversion rate is 1 TUC to 1,000,000 TLP.

Withdrawing Liquidity

1. Navigate to the “Withdraw Liquidity” tab.
2. Enter the amount of TLP you wish to withdraw and select the asset you want to retrieve.
3. Click on “Withdraw” and approve the transaction in your wallet to finalize the withdrawal

Accessing the Spot DEX

Visit the Tucana Spot DEX to get started. This platform allows you to exchange tokens or add liquidity.

The Spot DEX operates on the CLMM (Constant Liquidity Market Maker) model, designed to enhance user experience by simplifying token trades and liquidity provisioning.

Token Exchange (Swap)

• Pair Selection: On the “Swap” page, select the token pair you wish to exchange.

• Amount Entry: Enter the amount you wish to exchange. The system will automatically calculate the output amount based on available liquidity.

• Transaction Confirmation: Click on “Swap,” review the details in the confirmation window, then confirm the transaction.
• Finalization: Approve the transaction in your wallet to execute the exchange.

Adding Liquidity

Access the Pool Page “Pool” page to view available liquidity pools.

• Pool Selection: Choose a pool that matches the tokens you own and click on “Add” to add liquidity.

• Set Amount: Enter the amount you wish to contribute to the liquidity pool. The system will automatically adjust the other token amount accordingly.

• Add Liquidity: Click on “Add liquidity,” and confirm the transaction in the pop-up window.
• Approval: Confirm the operation in your wallet to add the funds to the pool.

Optional Settings for Enhanced Control

The liquidity management interface you’re viewing offers several settings to fine-tune your market strategy. This feature enables precise control over how and where your capital is engaged across the trading platform, allowing for more effective liquidity provision and potentially improving your trading outcomes.

Price Range Selection: Define the minimum and maximum price limits within which your tokens will be used for liquidity. This setting is crucial for concentrated liquidity pools where you want your capital to be active only within certain market conditions.

Price Range Adjustment: Modify the active price window around the current market price where your liquidity will be active. This adjustment provides highly targeted flexibility or broader coverage, depending on expected market movements.

Liquidity Chart: View the distribution of liquidity across different price ranges on the chart to understand where it is primarily concentrated relative to the current price. This visualization helps you strategize more effectively by showing where liquidity is most needed or abundant.

Conclusion

Tucana stands out as a cutting-edge DeFi trading platform, specifically tailored to enhance derivatives trading with reduced costs and faster transaction execution. By participating in the testnet, users have a unique opportunity to explore innovative features and actively contribute to the development of this modular ecosystem.

Join the Tucana community on Discord and Twitter to dive into the future of blockchain trading. Stay connected for live updates and fully engage with our 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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