Sushi Swap Developing a New Decentralized Derivatives Exchange Called Vortex
It is reported that Sushi Swap developer Sushi plans to launch a decentralized derivatives exchange called Vortex on the Sei blockchain of the Cosmos ecosystem…
It is reported that Sushi Swap developer Sushi plans to launch a decentralized derivatives exchange called Vortex on the Sei blockchain of the Cosmos ecosystem. This version is planned to be released in the second quarter of 2023, which is consistent with Sei’s expected release time on the main network. Meanwhile, Sushi recently acquired Vortex.
Sushi plans to conduct derivative transactions on the Sei blockchain in the second quarter
Analysis based on this information:
Sushi Swap, the world-renowned decentralized cryptocurrency exchange, has recently announced that it is planning to launch a new decentralized derivatives exchange on the Sei blockchain in the Cosmos ecosystem. The project is named Vortex and is expected to be released in the second quarter of 2023, which coincides with Sei’s estimated main network release time.
The Sei blockchain is one of the most popular blockchain projects in the Cosmos ecosystem. It is designed to provide a reliable and secure platform for decentralized applications and new blockchain applications. By using Sei as the foundational blockchain for Vortex, Sushi Swap will provide a safe and efficient environment for cryptocurrency traders to execute derivative contracts.
Sushi Swap has been a leader in decentralized finance, introducing several innovative and groundbreaking features to the crypto space. With Vortex, the company hopes to offer a new level of trading experience for users. The derivatives exchange will reportedly support a wide range of digital assets, including cryptocurrencies, stablecoins, and other popular tokens, allowing users to trade using leverages, options, futures, and other contracts.
The acquisition of Vortex by Sushi Swap is yet another indication of the company’s dedication to maintain its leadership position in the sector. The acquisition will enable Sushi Swap to offer a seamless integration between the decentralized derivatives exchange and its existing liquidity pools, enabling users to trade on Vortex with reduced slippage and higher liquidity.
In conclusion, the news of Sushi Swap’s new decentralized derivatives exchange, Vortex, is exciting for the cryptocurrency market. With a reliable and secure foundational blockchain in Sei, Sushi Swap is well-positioned to provide an excellent trading experience for its users. The acquisition of Vortex by Sushi Swap strengthens the overall offering and is indicative of the company’s dedication to maintain its leadership position in the sector.
This article and pictures are from the Internet and do not represent aiwaka's position. If you infringe, please contact us to delete:https://www.aiwaka.com/2023/02/24/sushi-swap-developing-a-new-decentralized-derivatives-exchange-called-vortex/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
Morgan Stanley Report Highlights the Safe Haven Nature of Bitcoin
According to reports, Morgan Stanley stated in a research report that, with increasing concerns about traditional banks forced to close in the United States, th
-
Damus Launches New Version for iOS
On February 28, Damus, an open social application based on the Nostr protocol, tweeted that the new version has been launched in the Apple App Store. The new f…
-
The Emergence of Nuktah: Saudi Arabia’s First NFT Market
It is reported that Nuktah, the first NFT market in Saudi Arabia, has announced the completion of seed round financing, and the specific amount has not yet been
-
Bitcoin NFT Protocol Ordinals sees soaring demand
It is reported that according to the latest data of Dune Analytics, the cumulative number of NFT inscriptions on the Bitcoin NFT protocol Ordinals has exceeded…
-
What does VOL represent in futures (futures ol and vol)
What does VOL represent in futures? In futures trading, VOL is usually used to represent futures contracts for a specific asset. When the leverage ratio reaches a certain value, investors can purchase their derivatives at a fixed price. If a market has over 1 million spot and $10000 perpetual swap contracts (open positions) or other types of futures contracts, the token can be represented by ‘vol’ or ‘vol’. For example, when the price of Bitcoin rises, people will buy and hold these positions. When the Cryptocurrency drops to $0, they will sell and accumulate more BTC in exchange for more profits. Due to its lack of volatility, Bitcoin is also a speculative tool Futures OL and volAccording to Coindesk, according to data from derivatives research firm Skew, the trading volume of futures exchanges has increased by nearly 50% in the past month. Among them, the growth rates of futures Ol and Vol are the highest. According to information provided by…
-
Musk Reveals NFT Project “The Memes by 6529” and Its Impact on the Crypto Market
On April 4th, Musk released pictures of the NFT project The Memes by 6529 series \”Seize JPGs\” this morning. This has affected the 24-hour increase in the floor
-
Coin An Auto Invest program has supported the Arbitrum portfolio
On March 25th, according to an official announcement, Coin On announced that the Auto-Invest plan has added the Arbitrum portfolio and now supports ARB, GMX, MA
-
Critics: The European Cryptocurrency Act MiCA was already outdated before it came into effect
According to reports, on Thursday, European lawmakers approved the \”Crypto Asset Market Regulation\” law (MiCA), which will become the first rule provided by the
-
Nomura Securities’ subsidiary invests in DeFi protocol Infinity Exchange
It is reported that Laser Digital, the encryption subsidiary of Nomura Securities, a Japanese financial services giant, invested in the DeFi protocol Infinity …
-
When will withdrawals be restored on OK? Is the withdrawal threshold high for OK earnings?
When will withdrawals be restored on OK? According to OKEx\’s official announceme