According to ME News, on May 22 (UTC+8), the first season of Nado, the DEX within the Ink ecosystem, has concluded and the second season has begun. Key updates include the removal of the invite-only system (as of May 21, any user can register directly and begin trading); a trading competition (the first cash prize event will run from May 25 to June 1, with a total prize pool of $100,000); adjustments to the points system (the size of the points pool is tied to the platform’s overall trading volume—the higher the protocol’s trading volume, the higher the weekly points emission cap); an upgraded referral system (future implementation of fee-based commission rewards to run alongside existing points rewards); and optimized fee structure (adjusted fee tiers to lower barriers for higher-tier users). Additionally, Nado plans to gradually introduce RWA as collateral in the second season, and aims to launch a 24/7 tokenized market and fiat on/off-ramps. (Source: Foresight News)
Nado Season 2 Launches with Open Registration and Enhanced Rewards
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Summary
As reported by MetaEra, on May 22 (UTC+8), Nado, a DEX on the Ink ecosystem, completed its first season and launched Season 2 with open registration. Users can now register and trade directly without an invitation. A trading competition runs from May 25 to June 1 with a $100,000 prize pool. The points system is now tied to overall platform volume, and the referral system will soon reward users through trading fees. Fee tiers have been adjusted to lower entry thresholds. Nado also plans to introduce RWA collateral and a 24/7 tokenized market with fiat on/off-ramps. The protocol update brings new on-chain developments for traders.
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