A new decentralized exchange (dex) on Arbitrum, called the Vest Exchange, was announced last weekend, with the team creating the project saying that the platform aims to focus on the democratization of perpetual futures. The team behind Vest further detailed that the new Arbitrum dex is backed by firms such as Jane Street, QCP Capital and Big Brain Holdings.
Vest aims to revolutionize Defi perpetuals with a cutting-edge risk engine and backing from leading investment firms
The creators of a new dex platform based on the Decision layer two blockchain Announced on January 28, 2023, that the project exited stealth mode. The project, called vest change, closed a seed round with investments from companies including Jane Street, QCP Capital, Big Brain Holdings, Pear VC, Cogitent, Moonshot Research, Fugazi Labs, Ascendex, Builder Capital, Infinity Ventures Crypto and Robert Chen (Ottersec). Vest Exchange also provided an overview of the project in a blog post posted the same day.
Vest believes that the decentralized finance ecosystem depends on decentralized exchange platforms for its strength. However, Vest’s team believes that current prominent exchanges have limitations, including “high barriers to market listing, lack of risk management, and unclear risk and return for liquidity providers.”
Vest explained that the dex solves all three of these problems by leveraging a special risk engine. Furthermore, modern research and techniques are used to “unlock new illiquid markets faster than any other centralized or decentralized exchange.” Vest’s blog post adds:
We expect Vest to raise the bar for perpetual futures trading by democratizing access to unique trading opportunities in all markets.
Arbitrum is a Tier Two project and the the biggest room blockchain in decentralized finance, with a total value locked up of $1.25 billion. The greatest protocol of the The decision of the network., in terms of total value locked, is GMX, a decentralized derivatives exchange that connects to the Avalanche blockchain network. The blog post for the Vest launch notes that Discord and Testnet will be launching soon. Vest has also established a research forum, research.vest.xyzfor general research on decentralized finance.
What do you think about Vest Exchange’s mission to democratize perpetual futures trading and shake up the decentralized finance landscape? Let us know in the comments below.
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