What is the name of an exchange that combines a lending protocol with a decentralized exchange to facilitate perpetual futures trading?

Question: What is the name of an exchange that combines a lending protocol with a decentralized exchange to facilitate perpetual futures trading?

One of the most innovative developments in the DeFi space is the emergence of perpetual futures trading platforms that combine a lending protocol with a decentralized exchange. Perpetual futures are contracts that allow traders to speculate on the price of an underlying asset without an expiry date, and with leverage up to 100x. A lending protocol enables traders to borrow funds from a pool of liquidity providers, who earn interest on their deposits. A decentralized exchange facilitates the trading of perpetual futures in a trustless and transparent manner, without intermediaries or centralized control.

One of the leading platforms that offers this service is dYdX, a non-custodial and permissionless protocol that supports perpetual futures trading for various assets, such as BTC, ETH, LINK, and more. dYdX leverages smart contracts on the Ethereum blockchain to execute trades, manage collateral, and enforce liquidations. dYdX also uses a layer-2 scaling solution called StarkWare to reduce gas fees and increase transaction throughput. dYdX aims to create a global and open financial system that is accessible to anyone with an internet connection.

Rjwala

Rjwala is your freely Ai Social Learning Platform. here our team solve your academic problems daily.