Arcana Network aims to onboard great Web3 projects and help them ease their user onboarding journey. Since our Mainnet launch, we have partnered with 100+ projects building on top of Arcana Network. We are super stoked to announce another addition to that list, Relative. 

Relative is a decentralized derivative platform providing participants with “Relative” strength between two assets by creating unique derivatives. This helps users trade on the relative price movement of assets by backing the asset they think will outperform the other in a given time frame. 

How does the Relative Strength derivative help? 

• Unrelated to the market condition - Traders can earn irrespective of the market condition. 

• Hedging mechanism - Relative value can be used as a hedge for real-life value depreciation. 

• Unlocks new opportunities - Traders can create custom pairs, leading to more opportunities. 

Relative is also coming out with P2P wagers, social challenges, & more. They are currently running an Airdrop. You can check out more details here. They announced the launch of Showdown. Showdown is a skill-based wagering & esports platform powered by Relative Finance - their private beta testing is opening soon. 

Want to know more about Relative - here are the official links. Website | Twitter | Discord | Telegram | 

‍

How does Arcana Auth help Relative?‍

Relative aims to onboard non-native Web3 users using Arcana Auth SDK. Arcana Auth helps onboard users with familiar web2 social auth or passwordless auth without knowing how to set up wallets and manage keys. Once Onboarded, users get a Web wallet that doesn’t need any installation. This will make it easy for users to own, trade & transfer digital assets. This will also onboard non-native users without the steep learning curve, thus improving the conversion & adoption of Relative. 

Arcana Auth will also help their latest release, Showdown. Showdown Gaming aims to revolutionize the eSports and competitive wagering landscape by bringing the benefits of the Web3 ecosystem to Web2 gaming. This involves bridging the two ecosystems and allowing gamers to use decentralized financial tools within the traditional gaming environment. The goal is to provide a platform where gamers can seamlessly wager, transact, and compete using a secure and transparent blockchain-based system. Relative’s unique smart contract architecture will power the first game-agnostic application to facilitate automated and instantaneous settlement of wagers and tournaments. 

As a part of our onboarding commitment, we will be helping Relative  by supporting them in areas around product, growth, and community building and helping them launch on Arcana’s Mainnet.

About Arcana Network

Built for Ethereum and EVM-based chains, Arcana is the web3 infrastructure to quickly onboard dApp users and enable user data privacy and ownership. Web3 developers use Arcana’s SDKs for a seamless, familiar user onboarding experience via social authentication and passwordless login. In addition, all user data is encrypted, secured with data access fully controlled by the users, and powered by blockchain.

Arcana has raised 2.7Mn USD from some of the leading investors and founders in the ecosystem, such as Balaji Srinivasan, Founders of Polygon, Woodstock, Republic Crypto, and Digital Currency Group.

Arcana Mainnet is live. Website | Telegram | TG Announcement | Twitter | Medium| GitHub | Discord|