Raydium, one of the top decentralized exchanges on Solana, has unveiled perpetual futures trading by partnering with Orderly Network. This is their first step into perpetual futures, utilizing Orderly's infrastructure and omni-chain liquidity system to boost efficiency and trading volume.

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Perpetual futures (perps) are derivative contracts similar to traditional futures but without an expiration date, allowing traders to speculate on an asset's price indefinitely. Price alignment with the underlying asset is provided by holding incentives/disincentives (funding rate) and the final profits and losses are realized when traders close their positions. Perps are popular in the crypto space since they provide a seamless, high-leverage trading experience, akin to speculative betting.

Raydium's announcement on X promised trading across over 70 pairs with up to 40x leverage.

Currently, USDC pairs are available. During the beta phase, maker fees are set at 0% and taker fees at just 0.025%. Also, a bug bounty program is advertised on the website.

Orderly Network Co-Founder Ran Yi said: “This collaboration is a significant step forward in bringing advanced perpetual trading solutions to the Solana blockchain and creating new markets for traders.”

It is indeed big news for DeFi and aligns with the growing trend of using decentralized platforms for complex financial products. You can read more about it on Raydium’s website.

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