A trading competition has been announced to demonstrate faster transactions with fewer steps.
Singapore, Nov. 17, 2022 — Dappos announced today that it has partnered with Perpetual Protocol to integrate its Web3 operating protocol with the decentralized exchange (DEX), lowering barriers to entry for investors to access Perpetual’s decentralized and permissionless futures trading, thereby accelerating the trading community’s growth and volume.
Perpetual Protocol is an on-chain perpetual futures DEX with deep liquidity and builder-ready composability. With a unique multi-collateral feature currently supporting USD Coin (USDC), Ether (ETH) and Optimism (OP) to be used as margin, it allows both long and short positions on a wide variety of crypto assets with up to 10x leverage.
Dappos improves the Web3 experience by making decentralized applications (DApps) as user-friendly as mobile apps, overcoming typical barriers for average users, such as Web3 wallet setup, gas token purchases and bridging tokens from one blockchain to another.
Dappos is now fully enabled with Perpetual Protocol on Ethereum layer 2 Optimism, an Optimistic Rollup scaling solution. The integration allows users from other chains, such as BNB Smart Chain, to jumpstart trading on Perpetual without complicated workflow through an interface they are familiar with. As a result, Dappos’ solution will guarantee a much-simplified experience with uncompromising security.
The two parties will jointly launch a pilot version of the product and hold a trading competition to encourage early adoption, offering a total prize pool of 25,000 Tether (USDT). The competition will demonstrate Dappos’ innovations for reducing the typical multi-step requirements of most DApps to the one-click options that Web2 users are accustomed to, kicking off its vision to promote Web3 users from millions to billions.
To learn more about the planned trading competition, follow @Dappos_com on Twitter and be among the first to participate.
Dappos is an operating protocol designed to make DApps as user-friendly as mobile apps. As the first Web3 unified operating protocol, it builds a layer between users and crypto infrastructures like public blockchains and cross-chain bridges, allowing users to simply interact with Dappos to complete verification and execution in the decentralized world. In November 2022, Dappos was selected to join Season 5 of the Binance Labs Incubation Program.
About Perpetual Protocol
Perpetual Protocol is an open-source perpetual futures DEX founded in Taiwan in 2019 with a mission to create the world’s best, most accessible and most secure decentralized derivatives trading platform. Running on Ethereum’s layer 2 Optimistim blockchain since November 2021, the protocol offers a unique multi-collateral feature currently supporting USDC, ETH and OP to be used as margin, enabling traders to go long or short on a wide variety of crypto assets with up to 10x leverage.