• 30 May, 2024
News

D8X Perpetual Futures DEX Launches on X Layer, BoostStation Season 1 Goes Live

D8X, a decentralized exchange specializing in perpetual futures, has enhanced the X Layer mainnet. This marks a significant advancement in decentralized finance, offering users innovative trading and liquidity options.

D8X has pioneered the use of OKB for collateralizing trades, making it a standout feature of their platform. Traders can now use OKB, along with other assets like USDC, LRTs, and LSTs, to engage in perpetual futures contracts. This flexibility enhances the accessibility and utility of OKB within the trading community.

Moreover, D8X has launched Season 1 of its BoostStation. This initiative aims to incentivize participants by boosting their potential airdrop rewards through active trading and liquidity provision. By contributing to the liquidity pool, users not only facilitate smoother trades but also earn a portion of the transaction fees, a compelling proposition for potential liquidity providers.

During its initial phase, D8X has enabled markets for several trading pairs, including wOKB-USD, ETH-USD, DOGE-USD, and JPY-USD. The platform plans to expand its offerings as it meets liquidity milestones, promising a broader range of trading pairs and collateral options in the near future.

A significant part of this ecosystem expansion is the partnership with X Layer and the integration into the Polygon CDK ecosystem, which aims to scale the Ethereum network. Both entities are working towards creating a more interconnected and efficient blockchain environment through the implementation of ZK-security across L1 and L2 solutions.

Several white-label partners, such as d8x.trade, freelyperps.com, decentralized-perps.com, and defisaint.xyz, support the launch of D8X on the X Layer and provide various frontends to access these innovative trading features. This collaborative approach enhances the platform’s reach, robustness, and user experience.

Polygon’s founder, Sandeep Nailwal, expressed his enthusiasm on X, highlighting D8X’s importance in revolutionizing the perpetual markets. The launch marks the beginning of a strategic roadmap filled with improvements, making D8X a promising player in decentralized finance.

In the future, D8X plans to continue expanding. Anticipated updates include the introduction of additional trading pairs, more diverse collateral options, and the integration of advanced trading features like depth charts and full account abstraction. These developments are poised to enrich the trading experience on D8X further.

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