- Summary:
- Perpetual Protocol has partnered with DAPPOS to ease entry into permissionless futures trading. Find out how this will work.
As part of its mission to make decentralized applications (dApps) as accessible as mobile apps, DAPPOS is partnering with Perpetual Protocol to connect the latter’s Web3 OS with the DEX. This will increase the size and volume of the trading community by lowering the barrier at which new participants can join Perpetual’s permissionless, decentralized futures trading platform.
What the partnership means
DAPPOS enhances the user experience of Web3 by giving decentralized applications (dApps) the same intuitive interface as mobile applications. It is accomplishing this by removing hurdles that average consumers often encounter. Installation of a Web3 wallet, acquisition of gas tokens, and the use of bridge tokens to move from one blockchain to another are all examples of such obstacles.
Perpetual Protocol, on the other hand, is a decentralized exchange (DEX) for perpetual futures that operates on the Layer 2 Optimistic Ethereum blockchain. Also, it has deep liquidity and is ready for use by builders right out of the box. Unique to the protocol is the ability to use multiple collateral types (USDC, ETH, and OP) as margin. Furthermore, users have up to 10x leverage at their disposal. They can use that for long and short bets across a wide range of crypto-assets with the help of Perpetual Protocol.
Users acquainted with other chains, such as BSC, can quickly begin trading on Perpetual through the same interface they already know and use. As a result, using DAPPOS’s solution ensures a less complicated and more secure experience.
In an effort to spur early adoption, DAPPOS and Perpetual Protocol will team up to release a test version of the product and host a trading competition with a total prize fund of 25,000 USDT. DAPPOS’s advances in making dApps’ typically multi-step needs into the one-click alternatives that are typical of Web2 platforms will be on display in the competition.