Dfyn Set to Launch a New Perpetual Trading Experience
Since launching as the first DEX on Polygon in 2020, DFYN has achieved many milestones over the years. First of all, we’d like to thank our supportive community for their patience.
Now, we’re thrilled to announce our next phase — a perpetual trading DEX on Arbitrum, powered by Orderly Network.
The best part? There are several benefits for existing DFYN token holders. Read on to learn more!
DFYN Perps: Simplifying Leveraged Trading
Our upcoming Perpetual DEX aims to revolutionise leveraged trading experience with a user-friendly interface designed for both experienced traders and beginners. This marks a significant shift from traditionally complex margin trading, making it accessible to literally everyone. Additionally, asset support and liquidity are now at top-of-the-line standards, giving our community the best on-chain experience with instant trade settlements.
We’re continuously brainstorming on expanding our offerings. Soon, you’ll be able to bring over liquidity from other chains to Arbitrum, thanks to our Nitro widget.
Understanding Perpetual Trading
The annualized daily trading volume across decentralized perpetuals amounts to $253B, which is an almost invisible number compared with the web2 derivatives market (valued at a whopping $632T in 2022 alone).
With MoM growth of 10.6% in trading volume across decentralized perps, this number is slated to grow to $2T in about a year. This positions Dfyn to be at the receiving end of the incoming volume to its perpetual platform
Our collaboration with Orderly Network enhances our platform with high-speed, and a shared liquidity infrastructure. Orderly Network provides a CeFi-level of execution for futures with the order book trading, and significantly boosting the potential offerings for our community.
Community-Centric Innovations
We have overcome hurdles like high gas fees, liquidity provisioning, and segregation across chains. The most recent Dencun upgrade, combined with our integrations with Router Protocol and Orderly Network, has enabled developments for creating the most versatile, CEX-style experience that any trader would wish for on-chain.
DFYN Ecosystem Participation
The $DFYN token is integral to our ecosystem, allowing holders to participate in governance and earn rewards through farming activities.
- Wallets with >5,000 $DFYN: 1.25x boost on DEX rewards.
- Wallets with >50,000 $DFYN: 2x boost on DEX rewards.
That being said, there are also considerations for incentivizing the addresses contributing to the maximum growth and development of the upcoming platform, regardless of their DFYN holdings.
Stay Tuned
We’re committed to driving value with new innovation and making complex financial instruments accessible to all globally. As we develop our latest Perps feature, stay tuned for many more details unveiling this month. We’re excited about the future, and invite you to join us in reDfyning the DeFi landscape.
Feel free to reach us with feedback or suggestions, on Twitter, Telegram or Discord!
