A new decentralized exchange (Dex) on Arbitrum called Vest Exchange was announced last weekend, and the team that created the project said the platform aims to focus on democratizing perpetual futures. The team behind Vest further explained that the new Arbitrum index is supported by firms such as Jane Street, QCP Capital and Big Brain Holdings. Vest aims to revolutionize Defi Perpetuals with state-of-the-art risk engine and support from prominent investment firms The creators of a new Dex platform built on the Arbitrum layer two blockchain announced on January 28, 2023 that the project has emerged from stealth mode...
A new decentralized exchange (Dex) on Arbitrum called Vest Exchange was announced last weekend, and the team that created the project said the platform aims to focus on democratizing perpetual futures. The team behind Vest further explained that the new Arbitrum index is supported by firms such as Jane Street, QCP Capital and Big Brain Holdings.
The creators of a new Dex platform based on the Arbitrum Layer two blockchain announced on January 28, 2023 that the project emerged from stealth mode. The project, called Exchange of vests, closed a seed round with investments from firms including Jane Street, QCP Capital, Big Brain Holdings, Pear VC, Cogitent, Moonshot Research, Fugazi Labs, Ascendex, Builder Capital, Infinity Ventures Crypto and Robert Chen (Ottersec). Vest Exchange also provided a summary of the project in a Blog entry published on the same day.
Vest believes that the decentralized financial ecosystem depends on decentralized exchange platforms for its strength. However, Vest’s team believes that current prominent exchanges have limitations, including “high barriers to listing, lack of risk management, and unclear risks and returns for liquidity providers.”
Vest explained that the index solves these three problems by using a special risk engine. Additionally, research and modern techniques are used to “open up new illiquid markets faster than any other centralized or decentralized exchange.” Vest's blog post adds:
We hope Vest raises the standard of perpetual futures trading by democratizing access to unique trading opportunities across all markets.
Arbitrum is a layer two project and that fourth largest Blockchain in decentralized finance with a total value locked of $1.25 billion. The largest protocol on the Arbitrum Network, in terms of total value locked, is GMX, a decentralized derivatives exchange connected to the Avalanche blockchain network. Vest's launch blog post notes that a Discord and testnet will be launching soon. Vest has also set up a research forum, research.vest.xyz for general research on decentralized finance.
What do you think about Vest Exchange's mission to democratize perpetual futures trading and shake up the decentralized finance landscape? Let us know in the comments below.
Photo credit: Shutterstock, Pixabay, WikiCommons
Suche
Mein Konto