📈Perpetual Future Trading Platform
ETA Q1 2023
Futures trading platform, fully decentralised.
We are revolutionizing the way normal users trade, eliminating the intermediary of a CEX. We combine cutting-edge technology with blockchain, and are able to offer a superior trading experience compared to most.
How does it work?
Users connect their wallet to the dApp and utilise the platform, trade an initial small range of large-cap coins, progressing to a wide variety of altcoins and others.
Users will be able to predict the future price of an asset by putting collateral and either long or short the price of that asset. When the position is closed, your profit and loss will be calculated and returned to you with the original collateral +/- any profit or loss made.
We take a small fee for the closure of a position. Please refer to here for the fee structure.
Users will be able to borrow up to 10x leverage upon initial launch, slowly increasing to 125x over time for true degeneracy.
Why Degenerate Finance?
Degenerate Finance aims to incorporate a wide variety of alt coins and large cap coins to bring you a wide range of coins to trade with. We offer deep liquidity books, so you can test if your size really is size.
Low trading fees: Degenerate Finance offers low trading fees, meaning you can trade without having to worry about getting your position ate up through fees, as our fee structure is designed with users in mind.
Wide range of pairs: Upon launch we will have a huge variety of alt coins and large cap coins, so we can cater to true degens and conservative traders.
An easy-to-use platform: Our platform is built with the ease of a trader in mind, featuring a user-friendly interface with everything laid out clear, no sneakiness.
Advanced tools and features: We will also incorporate a real time market feed, displaying market data and analytics.
Fees:
All fees are charged in the native token. This will be deducted from your collateral upon opening a position and closure.
Opening/closing of the position:
0.08% of position size
0.005% per hour of position opened
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