- Leverj has introduced a decentralized type of perpetual swap buying and selling.
- This consists of merchandise for each Bitcoin and Ethereum.
- Leverj is supported by a number of massive names in crypto, together with Coinshares.
Decentralized derivatives buying and selling platform Leverj at this time introduced the launch of decentralized futures merchandise for Bitcoin and Ethereum, within the type of perpetual swaps buying and selling.
The decentralized finance (DeFi) trade has grown by leaps and bounds in 2020, with the full worth locked within the trade now over $14 billion. With the intention of constructing off of this momentum, Leverj is introducing a non-custodial decentralized change that gives Bitcoin and Ethereum futures, in flip aiming to take away centralized occasion threat for merchants.
“Leverj.io is the primary derivatives change to crack the self-custody drawback,” mentioned Fran Stajnar, CEO of Techemy Capital, including, “It is a vital piece of the DeFi ‘cash lego’ stack.”
Leverj was launched by former JP Morgan and Goldman Sachs merchants and engineers, and is constructed to carry out very like a conventional monetary change. However Leverj can be constructed on the Gluon.Network protocol, which was designed to facilitate decentralized derivatives buying and selling.
Blockchain Labs, who audited the Gluon.Community codebase for 3 years, praised Leverj on its decentralized resolution for futures. “We’re happy with the professionalism and thorough strategy Leverj has dropped at constructing a protocol that may act as a decentralized clearing home for futures, choices and swaps,” mentioned Paul Salisbury, director of Blockchain Labs.
The futures contracts on Leverj are powered by analysis firm Brave New Coin’s knowledge infrastructure. As well as, Coinshares Capital Markets will present market making and liquidity to the change, which can first supply Ethereum and ERC-20 tokens.
Leverj can be supported by a number of massive names within the crypto area, together with digital asset funding agency Coinshares, Ethereum software program firm ConsenSys (which funds an editorially impartial Decrypt), stablecoin system Maker, and lively buyers Techemy Capital.
Every of those corporations are additionally buyers in L2, the Gluon.Community’s native governance token.
Along with the Ethereum and Bitcoin perpetual swap contracts launched at this time, Leverj goals to launch a 3rd product, the BNC DeFi Index—listed in opposition to USDT—in mid January.