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Grape Spotlight: Ranger finance part 2
Recorded: April 19, 2025 Duration: 0:19:27Space Recording
Short Summary
Ranger is making waves in the crypto space with its ambitious project launch aimed at aggregating trading platforms, achieving impressive growth with $150 million in volume within three months. The platform is set to expand its offerings with new trading pairs and cross-chain capabilities, positioning itself as a competitive player in the DeFi landscape.
Full Transcription
Music Thank you. Thank you. Music Thank you. I
Apologies about that. There was a
connection issue with teams
and the space has ended abruptly
Yeah
This kind of thing just keeps happening with Twitter you just
Probably a little glitch from your end and the space is just just just end I
Think it's a bug with the platform. I don't know
Okay, sorry you cut you guys off
Yeah F a Okay, sorry you cut you guys off Yeah
You're still with us. Yeah, I'm here
Okay, so
A lot has been talked about the project and I think you were bound enough on
the long-term plans for Ranger across ecosystems.
And I think it's beautiful.
It's awesome.
It's an amazing experience where you're trying to aggregate everything and it's across ecosystems.
So I think I'll just let you finish with that.
And that will be another opportunity to just round off.
If there are any other alpha you have for us on Ranger, that will be awesome to hear them now.
Are you there?
You seem to be having a connection issue.
So, everyone, be sure to check out the platform.
I think the docs is so easy to understand. It's pretty much a very light study. You can go through what the platform brings to the ecosystem and just explore. form of recognition for being part of a project at an early phase so you get rewarded for you know trading
perps on an aggregated platform so I think it's an experience you don't want to miss
try it out and
you know
like like like they said like the project said they want to aggregate everything perps.
So I think it's something you just want to try out and see how juicy the rewards would be for users as well.
So you don't just get to use a platform that aggregates everything.
You get rewarded for doing that as well.
So I think it's awesome.
It's an awesome experience.
So if you have any other offer or anything to round up for the community, I think this will be the time to do that before we round up the space.
Yeah, I don't think I have anything else actually uh i hope you guys
get to try like the product itself uh and we're always active on on um telegram to always
improve the product so we'd love to have more of you guys in the telegram
and yeah looking forward to see you guys posting more ranger pnl pictures
forward to see you guys posting more Ranger P&L pictures.
Yeah awesome man, awesome man.
Yeah Christcode can you hear me?
Yeah can you hear me?
Hey hey sorry about that I think you know I think there was some issue there
I was trying to add me as a speaker and then you know somebody made the doom
button so anyways apologies about that.
I just wanted to say Chris, you're doing a great job.
Sorry, I couldn't attend the whole thing.
I have a couple of quick questions.
I actually use your platform before using this
and it was very interesting.
Do you, how long you've been out
and do you have a sense of like, do you, you know,
like are you getting good traction in terms of, of users using your platform right now?
Yeah, that's a good question. So in general, like, like, we released it only like December of like 2024 last year. And like, within the first like three months, we we've managed to smash like 150 million volume.
you've managed to smash like 150 mil in volume.
DEUs right now probably go about like 200 to 300.
So I'd say we've just, you know,
most of like the DEXs you see on chain,
like a lot of them are using Instys as well.
Instys are actually ramping up like their volume,
but as for us, a lot of it is organic.
So we're pretty happy with that growth.
Obviously we can improve and that's what we are going to do
in the next few months.
Yeah, that's great.
Do you find it's pretty competitive in terms of kind of
farming right now?
Cause Drift has a season two of their fuel.
I don't know if it's season two, but yeah,
the fuel airdrop and whatnot coming up.
Do you find that's kind of hard to convince people to use your decks at the moment?
Yeah, this is a good question.
So the beauty about Ranger is that since you're an aggregator, right,
whatever that you use on Ranger and the underlying platform,
you will also technically get rewarded for whatever rewards
that the underlying platform gives.
So it's a two-in-one kind of situation.
So let's say you place a trade on Ranger,
it gets routed to Drift.
You also get rewarded for whatever that you use on Drift.
Oh, great.
Also, do you have any intentions of, like right right now you're using just a main wallet, whatever wallet you're using for the USCC to make trades.
Have you ever kind of, is there any plans of like making your own kind of like wallet situation where you can create like sub accounts and whatnot?
Is that in the pipeline or there's no plans for that yet?
Yeah, I think like for us, sub accounts like, so there's two parts of this question.
Firstly, is the collateral use and secondly is the sub account.
So I think as much as we want to have as much as you know, like, like sub accounts
just have its perks, we want to make it like as seamless as possible where whatever you that you trade and whatever that you you know take profit stop loss
or and and when you actually close the trade all capital actually returns back to your wallet
itself and that's what we want to focus on uh so secondly as well for cross like like for for
multi-collateral and using like other types of collateral for your trades,
it is in the pipeline as well.
So definitely we want to figure out a way where collateral can be used cross chain as well because we are also going to integrate different, you know, perplexes,
like your hyperliquid, your orderly and more.
So are you saying that you're going to be able to pipe,
type, get in using like Hyperwind liquid using the EDM or are you saying
you're like it's cross chain, like I could tap into that order book from Solana?
Yeah.
So firstly, we want to focus on accessing like the different order books on cross
chain so that once you've built that,
then you can actually try to build a cross margin system
where you can use collateral on one chain to another chain,
as well as using multi different collaterals
across different protocols.
Oh, when is the, is there an ETA on that?
Or is that like high on the pipeline?
Or is it that's like further down the road?
So that's like super interesting.
Yeah, I think that's slightly further down the road.
The only reason is because we want to get the integrations in first and sort out like the
different mechanisms that each protocol and
each dex has and then from there you build like a unified cross margin layer.
I would say ETA is Q4. Q4 is probably the best estimate.
Yeah, that'd be huge. Sorry if this got out. This is a pretty basic question so I'm sure
this was answered
before so uh for me from my perspective i'm currently uh trading on drift a lot uh because
of the fuel promo um but uh started using your your um your platform it's pretty cool uh in terms
of like what is the um is there is there like a increase, like a large savings in terms of kind of fees on one that you're using Ranger?
Or is it, because like for me, like the first thing that comes to my mind where I'm very interested is that,
you know, you get to access a deeper order book.
Is that the like the number one reason to use Ranger?
Yeah, I think in general, if you use Ranger,
we definitely save on your fees.
Especially if you are
any types of trader, actually.
So in the future,
when we have different integrations,
which is probably out in
the next month or two,
it will be very, very competitive
against Drift.
So it looks into the liquidity
and the depth of the order books
between the particular integration and Drift.
And if it is cheaper on the other integration,
you will definitely save more.
But if Drift is cheaper,
then we'll route it to a Drift for you as well.
Okay, great.
So do you prioritize cheaper fees
or the best price for the perp that you're using?
Both. What's the number one? Is it fees or order book?
I'd say it's...
Yeah, so I think right now we are still prioritizing 60-40 towards fees.
And then after that is your liquidity.
But I think liquidity also plays a part because it affects like slippage.
And if you pay like bad slippage, then you'll get a few at a worse price.
So, but definitely fees first.
Can you adjust slippage or is it automatic for Ranger?
You can actually adjust like slippage right now on on Ranger so right now we set it
automatically at about 1% so if you do want to change it then yeah you're allowed to as well
yeah I'm assuming because you're using the big three right now so that that that would probably
like like you know if you're doing meme coin trade and whatnot I think that that would make
more sense but I would definitely look to less uh less things um
another two more questions so one uh do you have any plans of adding any more uh coins for
availability because you have the big three btc solana and ethereum yeah that will be out in about
a month's time so like we are probably going to add another 50 tickers. So you'll be allowed to trade, you know, your favorite altcoins, your FUT coin, as well as
uh, BONG and more.
Yeah, that'd be great.
Yeah.
I think that's, that's a lot of fun, especially the, uh, the main points and, uh, finding the
depth in the order book, uh, would be huge because I've noticed that, um, it's, it's
kind of like, it's pretty, uh, pretty hard just doing, I guess, one, i guess one one like drift it's it's it's hard to find a counterparty for that so uh especially doing doing
doing uh like uh far coin or whatnot sometimes it feels sometimes it doesn't so yeah i totally
understand your bing boy man yeah for sure um another thing um i was doing a couple of test trades um i is there a way to um adjust the
stop loss or take uh stop loss and take profit before you enhance the trade or because i noticed
that i was able to do it afterwards is there is there a way to do it before you uh put the order
in yeah so uh good question so i think for, like we are going to release it probably in like two weeks time for that.
Yeah. Yeah. Okay. Okay. Fair enough. Cause like, I kind of freaked me out. Cause I get, I, I don't know. I mean, cause like we're interacting with the main wallet, right? Cause I have sub accounts in, in drift and let's just say for example, you have like, I don't know, 10,000 USDC in your wallet and you make a, you make an issue with your, you know, you put too much, you know,
you put too much margin of play or you mess with it, you know, you make an issue with the slider
or whatnot. So, yeah, kind of a tight stop loss would be good. Okay. No, that's in the pipeline.
That's, I found that was like the number one thing. It's like, oh man, because I'm interacting
my main wallet. You know, if you make a mistake with my slider or too much leverage
I don't want to get like accidentally wiped out like all my ULCC in my my account stuff
yeah yeah scary stuff uh but I guess we all learned from this uh no that's all for me man
yeah good I think I'm gonna you know it was pretty good um I like the the premise for sure
I think I'm going to, you know, it was pretty good.
I like the premise for sure.
By the way, in terms of fulfillment of trades,
where is the majority of kind of like,
where are your words getting fulfilled right now?
Is it like mostly Jupe?
Is it like 70-30, you know, like Drift?
Or is it Flash?
Where was there?
What's the...
Yeah, the split, right?
So pretty interesting combination. So I pretty interesting, like, combination.
So, I'd say, overall, drift is still 40%,
and majority is still, like, juke, like, 50%.
The reason why is because most of the traders on Ranger
are still, you know, going above 20x leverage.
So, if you go above 20x, yeah, like, you get routed to juke.
Because I think, like, slippage is, like, get routed to Ju. Because I think like slippage is like a bit better there.
I'd say like trades less than about like 20x.
Majority of it, I'd say 80% of it still goes to drift.
And yeah, so I think in the future, we are like,
we'll probably like when the future integrations come,
we'll definitely see like a better and cra, we are like, we'll probably like when, when the future integrations come, we definitely see like a better and crazy number towards like, uh, uh, and a more fair share between drift as well as the other integrations.
Oh, it just says, so just to recap. So if it goes beyond 20 X, it goes to drift or juke juke juke juke.
Juke.
Okay.
Okay.
So that's kind of funny.
So Solana people are really D gens, right?. Jupe, okay. Okay. So that's kind of funny.
So Solana people are really DGens, right?
Yeah, they really are, man.
The majority of the trades are 20X.
It's crazy.
It's crazy.
Really insane.
I love it.
I love it.
I love it.
Yeah, that's great.
I mean, right now, Farcoin, you can just do a maximum of 4X leverage on Drift.
So I wonder if others will have uh more competitive
products because i'm sure people will be looking for a lot more leverage there so
yeah i'm really excited about it i i started using your product and i think i'm going to
start using it more especially in the big three and that makes a lot more sense to hit up a larger
order book and especially uh you guys are new so um You know going for the points and you know, I heard season two is coming up. So yeah, that's really cool, man
And I'm looking forward to experimenting more and sorry if I was late now, bro
No worries taking my questions. Oh, yeah, yeah
Appreciate you taking my questions and Christcode did a fantastic job. So, you know good stuff
And it was all I'll ping it back to you you Chris and you can you can land us the ship homes
Yeah, I think that's that's just about it it's been it's been an awesome spaces and
Thanks to everyone who's been here with us and sorry about the whole glitch
I think
that's something that just happens with Twitter every every now and then so thank
you Ranger FA awesome to have you and everyone do well to you know try out the
platform experience it and Look forward to more
Updates from Ranger and I think that's all for now. Thank you guys for joining us and
Yeah, thank you, man
Thank you guys. Thank you guys
Yeah, it's been great
