✍️Competitor Comparison
| Vortex | Lemma | UXD | |
|---|---|---|---|
Format(s) | Vault Token | Vault Token Stablecoin | Stablecoin |
Network(s) | Arbitrum Binance Smart Chain | Arbitrum | Solana |
Exchange(s) | MCDEX | MCDEX | Mango Markets |
Performance Fees | 25% | 30% | - |
Action during negative Funding Rate | Stablecoin Farming | Treasury Backstop | Insurance Fund |
Resulting Risks | Slow position unwinding | Treasury depletion Slow position unwinding Bank run on leveraged positions | Insurance Fund depletion Governance Token auction |
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