Arbitrum-based vest Exchange is aimed at democratizing perpetual futures-defi
Arbitrum-based vest Exchange is aimed at democratizing perpetual futures-defi
Last weekend a new decentralized stock exchange (Dex) on Arbitrum called Vest Exchange was announced, and the team that created the project said the platform aimed to concentrate on democratization of eternal futures. The team behind Vest further explained that the new Arbitrum index is supported by companies such as Jane Street, QCP Capital and Big Brain Holdings.
vest aims to revolutionize Defi Perpetuals with the latest risk engine and support from prominent investment companies
The creators of a new Dex platform, which on the arbitrum layer two blockchain announced on January 28, 2023 that the project emerged from the stealth mode. The project, called West exchange , closed a seed round with investments by companies such as Jane Street, QCP Capital, Big Brain Holdings, Pear VC, Cogitent, Moonsshot 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 for its strength depends on decentralized exchange platforms. However, the Vest team is of the opinion that the current prominent stock exchanges have restrictions, including "high barriers for listing, lack of risk management and unclear risks and returns for liquidity providers".
vest said that the index solves these three problems by using a special risk engine. In addition, research and modern techniques are used to "open up new illiquid markets faster than any other centralized or decentralized stock exchange". Vest's blog post adds:
We hope that Vest will raise the standard of the eternal futures trade by democratizing access to unique trading opportunities in all markets.
arbitrum is a layer two project and the fourth largest blockchain in decentralized finance with a blocked total value of 1.25 billion US dollar. The biggest protocol on the arbitrum-network , with regard to the blocked total value, is a decentralized derivate exchange that is connected to the avalanche-blockchain network. The blog post on the start of Vest points out that a discord and a testnet will soon be started. Vest has also set up a research forum, research.vest.xyz for general research on decentralized financing.
What do you think about the mission of Vest Exchange to democratize the eternal futures trade and shake up the decentralized financial landscape? Let us know in the comments below.
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