DFYN Launches Perpetual Trading on Arbitrum
Dfyn is super excited to announce the launch of perpetuals on the Arbitrum chain!
Now users can trade BTC, ETH, TIA, SOL, ARB, AVAX, JUP, and several other assets with up to 50x leverage. ( Hint: Use Leverage carefully)
Dfyn now allows you to speculate on the price volatility of your favorite assets and max out your chances for favorable outcomes.
Let’s dive into Dfyn Perps.
Dfyn Perps: Trade with an edge
(Dfyn, Dfyn)
At Dfyn, we have always been at the edge of innovation, building innovative market tools and empowering users. Being one of the first DEXes to support complex order types on Polygon, our research team has now come a long way. We were one of the first to build a RFQ order matching engine (now known as intents), supported by a concentrated liquidity engine.
DEXes have immense growth potential. Today, they hold 20% of the overall DeFi TVL. DEXes, in fact, from their peak at $60B+ have lost some TVL to other DeFi categories.
These primarily include liquid staking, lending, bridges, and other decentralized innovations. One of the most prominent areas is DEX derivatives, which is growing at a whopping 3x rate in less than a year.
Derivatives are already a trillion-dollar market in web2, and in web3, this can quickly scale 10x more from here, proving to be a highly lucrative strategy for exchanges and their stakeholders.
Hence, the addition of perps to our product line is a no-brainer. Adding perps is aligned with our vision to make trading easy for web3.
Liquidity, liquidity, liquidity
Okay, 1000x is far fetched, but you get the point. Acquiring and maintaining sufficient liquidity to power perpetuals is key to any perp DEX’s success. To ensure a smooth experience for us, we utilise Orderly Network to give users a CEX-like experience on their favourite assets on-chain.
Here are the core features that Dfyn boasts. Users trading on Dfyn can also accumulate Orderly Merits (points) while doing trades on Dfyn while contributing the the reDfyning.
Limit Orders
A limit order is where you can set your buy/sell orders at any price you desire. Set your order, and it will be executed automatically at that price! These orders are great to have predictable outcomes of the orders. Most of the orders placed in web2 trading desks are limit orders — spot orders are usually uncertain and get front-run a lot.
Market Orders
A market order is an instant execution; you can set a buy/sell trade at the current market price. These are great for those looking to exit their positions instantly.
Stop Market
A stop market order executes your trade as a market order once the price hits a specified level, known as the stop price. A Stop Market order guarantees the execution of your trade, but the exact order price may vary per available liquidity. These are quite relevant in volatile times.
Stop Limit
A stop limit order allows you to set a limit once a specified stop price is triggered. A Stop Limit order may not be executed if the complete liquidity for executing the trade is unavailable at the predetermined stop price.
Use Nitro to Bridge to Dfyn
Access the Nitro Bridge to send assets from 26+ chains — bridge over USDC, USDT, ETH, and any other asset of your choosing in any supported chain.
Use the Nitro widget here : https://exchange.dfyn.network/crosschainswap
Plugging into larger liquidity
Orderly Network provides the necessary infrastructure to power our perpetual DEX. Users get :
- Unified orderbook and liquidity
- Reliable liquidity to allow leveraged positions to be opened on a variety of assets
- CEX-level performance and highly reduced latency
- Self-custody of assets
- Orderly Merits
What is truly remarkable about the Orderly integration is that it supports a central limit order book design. This enables Orderly to offer a low-latency experience to users.
Expect quick settlements on any order without any compromises to liquidity.
The product also protects traders against high price volatility periods by offering insurance on traders’ assets. This is especially useful when the price suddenly skews in either direction, leading to sudden loss in traders’ collaterals.
This effectively removes bad debt in the ecosystem and helps ensure sustainable leveraged trading.
What’s more, our Orderly Network partnership also enables Dfyn traders to earn Orderly Merits on every trade.
Benefits for existing DFYN Holders
To make the entire trading experience exciting for all users, we will launch reDfyn Points! After you unlock your referral, you can refer more friends to Dfyn Perps, and you earn points based on their trading volumes and referrals. Accumulate on these points, and set yourself up to unlock a percentage of kickback from fees that Dfyn has generated.
Therefore, the more you refer to traders, the higher the points you earn. Also, if you’re an existing DFYN token holder, you will already qualify for additional boosts. This is how it will work:
How to trade on Dfyn
Head to https://exchange.dfyn.network/perp
Connect your wallet. Deposit the assets you want to trade.
Select the type of order that you wish to open. Add the desired leverage.
Place your “Long/Short” position and execute the order! Remember — Long if you expect price to go up, Short if you expect price to go down.
Ready to start?
Head to Dfyn Perps and begin collecting Orderly Merits and reDfyn Points today!
There will be various rewards that are going to be introduced in coming weeks — some will be of retrospective nature. To make the best out of it — ensure you start trading now!
Feel free to reach us with feedback or suggestions, on Twitter, Telegram or Discord!
