Upcoming Protocols (10 May)
Here at An Ape's Prologue, we are always keeping an eye out for new projects.
After a brief review, here's our highlights of upcoming perpetual protocols:
D8X
A Polygon zkEVM perpetual futures DEX that enables users to trade perpetuals collateralized in $USDC or $MATIC. Users can also become liquidity providers to earn trading fees The protocol is live on Polygon testnet, and is set to go live on mainnet this year.
Cadence Protocol
A decentralized perpetual platform built on Canto that allows exposure to crypto and synthetic assets at high leverage. The team recently won the Canto Hackathon for the best DeFi project.
The protocol is still in development.
Narwhal Finance
A decentralized trading platform on BNB Chain and Arbitrum, allowing leverage exposure to crypto, forex and stocks up to 1,000x. The team raised $1M from Animoca Ventures.
The protocol is in development.
Ostium Labs
A perpetual DEX built on Arbitrum, and will facilitate trading of RWA and commodities on-chain.
The protocol will launch their testnet in Q3 of 2023, and is currently hosting a white-list-only paper trading competition on their app in Alpha testing phase.
Bonus:
MEVDEX
- An MEV-powered DEX promising to share MEV benefits with its users
Milady Chain
- “The future is coming, and it will be beautiful”
Disclaimer
The protocols listed above are not sponsored and have only been shortlisted through a preliminary screening process
Projects presented here do not represent any form of endorsement by us
Please conduct your own due diligence before engaging with any of them