Anyone looking for a chance to get their hands on some free cryptocurrency should take advantage of the Quiver Airdrop. You may claim $150 USDC as an airdrop for a certain period of time, and it’s quite legitimate! Don’t pass up the opportunity to receive some free cryptocurrency because this is one of the newest and most reliable airdrops accessible. To get your free coins, simply sign up and adhere to the instructions. This incredible airdrop won’t last forever, so act quickly!
Quiver is a hybrid cryptocurrency exchange based on batch auctions, with unique liquidity retention and aggregation mechanisms. Offering ultra-low trading costs on high leverage perpetual futures, the exchange has a fee structure that enables users to make many small trades.
It currently runs as a custodial exchange in its alpha version, with USD balances backed by USDC stored on a single multi-signature safe contract in the Ethereum Mainnet.
Most centralized exchanges follow a first-in-first-out (FIFO) rule when matching orders, and as a result, traders have a lot to gain by making their orders arrive a few microseconds earlier.
This wasteful speed competition is called latency arbitrage, and very often leads to a winner-takes-all competition in which the fastest player makes all the arbitrage profits. Billions of dollars are spent every year in a technological arms race that includes submarine cables, microwave towers, and hollow-core fibers.
Such profits come at the expense of liquidity providers, who suffer increasing adverse selection. They will increase their spreads unless they are subsidized by exchanges. Because higher “taker fees” are needed to pay for these subsidies, the final exchange users pay the bill with increased transaction costs either way.
Essentially, users who are not optimizing for speed end up paying for a wasteful arms race between high frequency traders. That’s bad! This creates a deadweight loss as many otherwise profitable strategies are no longer viable. Deadweight loss can be significant.
Let us first understand how liquidity is often provided on exchanges, in order to understand how matching rules at FIFO exchanges hurt liquidity for all and generate billions of dollars in latency arbitrage every year.
Then we’ll see how traditional regulated exchanges, centralized crypto exchanges and existing decentralized exchanges (DEXes) all fall short in very important ways.
- Reward: $10 USDC
- Winner: Random winners
- Distribution: After the airdrop ends.
How to Claim Quiver Airdrop:
- The official Airdrop Page-1 & Page-2 & Page-3 should be visited first.
- To participate in the airdrop, you must enter your name, email address, or social media account.
- Once all the tasks have been completed and the airdrop has ended, you will receive your reward.
- As well as this, you can join the ChainGPT Airdrop.
- Total airdrop prize: $150 USDC.
Note: Watch the following video if you are having difficulty claiming the new crypto airdrop!