STF Academy will introduce a Cryptocurrency Practice Trading Platform powered by Takepile.
Every once in a while a uniquely opportune moment presents itself in such a format, that it makes the parties involved question if something other than pure coincidence or luck was at play. This is one of those moments where two protocols, perfectly meet each other's needs.
Let us begin with Takepile, an Alternative Trading Protocol with no order book slippage, low fees, and up to 200X leverage on Perpetual Contracts. The creators of an innovative liquidity system called “Piles”. Allows traders to earn real yield from fees on their platform, experience no slippage and protect their liquidity from bad actors. Their token “TAKE” allows liquidity providers to earn fees from trades executed on the Takepile Protocol. So how will the partnership work?
Like most new protocols, the initial hurdle always comes in the form of low utilization, in this case, daily traders, and furthermore in the Defi space, liquidity. How do the two protocols aim to solve this?
STF Academy is an up-and-coming Web3 crypto education start-up boasting over 500+ members and students. It offers free education to new enthusiastic market participants in a controlled learning environment curated by its community members and certified instructors.
Currently, the platform is outsourcing all of its post-graduation trading activity to centralized Web 2.0 exchanges. In partnership with Takepile, the Academy will eventually migrate all that external trading activity, internally. Allowing students to begin by practicing in an internal platform and eventually transition to a live environment.
J.C Irurzun, founder of the Academy stated when asked about the partnership. “I am beyond excited to work with the Takepile team, with our upcoming DAO airdrop, we can create some really cool incentives for our members to trade internally using the system they are curating for us.”
There are some final details to plan out for the implementation, this is a developing story…stay tuned for updates.
