SERIO

It's almost time for the initial opening of rewards claiming for Surge holders 🖲️ The current usage fee model is straightforward: 0.1% of every DEX transaction (min. 1 ADA) made by running strategies is collected by the protocol. Surge holders have direct rights to these accrued fees in proportion to how much Surge they hold, based on the circulating supply - which is currently ~84% of the 25 million total supply. These accruing ADA rewards will be claimable from the staking page on the Surge app by all holders.

Almost every top blockchain ecosystem reached it's stride shortly after introductions of L2's. Economically, L2's decrease transaction expense and latency, naturally leading to a surge in volume for their L1 foundations. Here's a comparison of Cardano scaling solutions (Midgard, Leios, and Hydra), versus competitive ecosystems. These Cardano scaling solutions will be rolling out over the next year, with potentially transformative impact on the ecosystem. Full comparison can be seen here: surgecardano.com/l2-comparis…

We’re excited to announce we’ve officially completed our in-house pricing system. This is core to Surge, as it makes it possible to run automated trading strategies on Cardano with real-time price accuracy (sub 1-second latency). All pool state changes are detected directly on-chain, with no oracle dependency. Thanks for the continued support 🫡

Arbitrage fundamentals: A CNT has different prices on different DEXs. Buy low on one, sell high on another. Pocket the difference. Doing this manually requires active attention and calculations. Surge automates it. It continuously monitors prices and calculates live profit opportunities after slippage, pool/DEX fees, and liquidity users have made available for trades. Whenever there is an opportunity that meets your requirements, two trades are automatically executed. You profit by stabilizing the market. Arbitrage closes price gaps, so every trader gets a fairer price no matter which DEX they use. Coming soon to Surge.

Development update 🎚️ Progress continues at a strong pace. The volatility (mean reversion) strategy is now live in our testing environment, along with the required market data systems. Users will be able to configure bots to buy or sell when price deviates from a tuneable recent moving average by a chosen percentage. The DCA strategy is also implemented in the testing environment with standard configurability. The cross-dex arbitrage strategy is pending implementation, awaiting integration with Surge's second DEX, SundaeSwap. Backtesting is in progress and will use multi year Cardano data. It will include chart visualizations with buy and sell points, trade sizes, and PnL. This will be integrated with all new strategies. More platform content, including live testing, will be released this week. Thanks to everyone for the support and feedback.

The Cardano Treasury - A New Revenue Source Surge introduces a novel source of funding and sustainability for the Cardano Treasury. Open discussion, these are our thoughts: Surge is inherently transaction heavy, as yield targeting operation relies exclusively on the execution of calculated on-chain asset movements. If users' assets in their Surge accounts are not being transacted, they are not making any yield. This is different from traditional liquidity provision on DEXs and other DeFi protocols, where assets generate yield independent of their degree of mobility. Surge's asset deployment model puts inherent economic pressure on transaction execution, all the way to the upper limit of this pressure which is net zero trade profitability, within which there are abundant trade opportunities in Cardano DeFi. Treasury revenue is linearly correlated to transaction quantity, therefore on-chain tx count is a suitable metric for modeling. In numerical practice, the positive economic pressure on on-chain transaction quantity looks like this: A single Surge strategy run by a single Surge user on their personal computer can net over 1400 on-chain transactions per day, given capitalization of corresponding profitable trade opportunities. This single-user, single-strategy case alone equates to roughly 5% of Cardano's average daily transaction count and corresponding treasury revenue. At greater scale: With 25 active Surge users running strategies averaging 100 trades per day, the platform would generate 5,000 daily on-chain transactions and over 300,000 ADA per year in Cardano Treasury revenue. 250 users at 100 trades per day each would generate over 3 million ADA per year in Treasury revenue.

Development Update 🔧 Surge has been live on Mainnet for 10 days. So far, our community has provided valuable feedback. Amidst thousands of successful transactions, there have been issues with the app that we recognize and are addressing. We're moving to new blockchain data services that should clear up the majority of tx issues. In terms of strategy capabilities, our Pinescript interpreter is nearing completion. This will allow hundreds of financial trading algorithms to be deployable across Cardano DEXs and CNTs. The team is hard at work daily to get it done, and we will provide a timeline when we are confident of one. Thank you for the continued support and have a great end of the week 🫡

Mainnet day 1 in the books 📕 Since our mainnet launch less than 24 hours ago, Surge has already begun facilitating on-chain trades and generating revenue. Here are the stats so far: ▫️Over 1 Million ADA in DEX volume ▫️Over 1,000 ADA in Revenue ▫️Over 130 Unique Users ▫️Over 2,000 on-chain transactions 100% of this revenue will accumulate and be claimable by SURGE holders when our "holders page" goes live. Since launch, community feedback has been valuable and is already being addressed. We’re preparing expanded tutorials with in-depth guidance on common friction points, including strategy configuration, pair selection, and fund management. Protocol updates begin rolling out tomorrow, including the following features and fixes: ▫️Wallet upload default file type (JSON vs CSV) ▫️Balance-aware min/max trade size hints ▫️Verified tokens and visible token IDs ▫️Bug fixes and performance improvements ▫️Full fee breakdown (Surge, DEX/chain, LP) ▫️Improved portfolio balance-over-time chart Thanks everyone for the support and don't hesitate to keep the feedback rolling in. Let's have a great rest of the week 🫡