ImperialPerps folds Armada into main platform, shuts down Phoenix
- —Armada posted $23.16 million in notional volume in the week of October 13, up 52%
- —Taker fee drops from 3.5 to 1 basis point
- —Imperial promises up to 250x leverage and over 200 markets
- —The project raised $1.5 million in a seed round led by Foundation Capital in early October
Why it matters: Consolidating venues could deepen liquidity on Imperial, but Phoenix user attrition and the risks of 250x leverage are key variables to watch.
Source: Crypto Briefing