Derivatives Trading DEX Perpetual Protocol Unveils V2

Derivatives Trading DEX Perpetual Protocol Unveils V2
Fiverr


Key Takeaways

Perpetual Protocol is an on-chain crypto derivatives platform that allows users to exchange options on crypto assets.
The new version, named Curie, will offer concentrated liquidity to market makers, enabling them to select certain price ranges for their liquidity.
The greater capital efficiency will also provide better prices for options traders, rivaling those of centralized exchanges.

Share this article

Decentralized derivatives trading platform Perpetual Protocol has announced its V2, Curie. Key changes include improved capital efficiency, a smoother user experience, and more customization.

Crypto Trading On-Chain

Perpetual Protocol has announced a series of major updates in its V2, Curie.

The DeFi platform has quickly become the go-to derivatives trading app for many on-chain options traders. The newest version promises to bring better capital efficiency as market makers will provide liquidity on the exchange in narrow price ranges. The inspiration for this comes from Uniswap’s V3, which pioneered concentrated liquidity.

Binance

Concentrated liquidity also allows traders to profit from better prices and lower slippage. Perpetual Protocol hopes these changes will drive more volume to its exchange. To date, the platform has seen $18 billion in volume since launching in December 2020.

Fees can often be a strong deterrent for traders, especially those with a smaller budget. That is why the exchange has also decided to launch Curie on Layer 2 solution Arbitrum and others when they eventually release. Operating on Layer 2 will drastically reduce the fees for each trade and improve the speed of transactions. In a press release, Perpetual Protocol co-founder Yenwen Feng said:

“With Curie, we’re not only increasing capital efficiency for decentralized perpetual contracts trading. We are also enabling market makers to create their own customized trading strategies by employing vAMMs to provide leveraged and concentrated liquidity. This can be done without the deep liquidity base needed before, and it is a significant opportunity for traders.”

To reduce the risk linked to hacks or trading losses, Perpetual Protocol is also improving its overall security. In the future, parts of the funding payments made or received will go to the protocol’s insurance fund.

Perpetual Protocol raised $1.8 million in a funding round led by Multicoin Capital in August 2020. Later that year, it launched on mainnet and went on to facilitate over 3 million perpetual swaps.

Disclaimer: The author held ETH and several other cryptocurrencies at the time of writing.

Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

Fundraising Breakthrough: Hegic, Perpetual Protocol Reinvent Token Off…

DeFi projects Hegic and Perpetual Protocol helped facilitate a major breakthrough in how permissionless token sales are conducted. Both protocols maximized for fairness and efficiency, offering significant benefits to previous…

Arbitrum Launch: Layer 2 Ethereum Unpacked

Scalability has been Ethereum’s biggest challenge as its popularity rises. One of the key Layer 2 solutions hoping to solve the issue, Arbitrum, has now launched for developers. The Road…

Uniswap V3 Offers Far Higher Exposure, Lower Risk For Staking

Uniswap has revealed an overview of V3 of the DEX which is due to launch on May 5, described by Uniswap as “the most flexible and capital-efficient AMM ever designed.”…

What is Polygon (MATIC): Ethereum’s Internet of Blockchains

In terms of both decentralized app (DApp) development and adoption, no blockchain has been more successful than Ethereum (ETH). But despite its relative success, the Ethereum network still contains several…



Source link

Blockonomics

Be the first to comment

Leave a Reply

Your email address will not be published.


*