Decentralized exchange (Dex) The Infrastructure Provider Orderly Network introduced a platform for users to launch their own Perpetuals Dex.
“Orderly One” gives a perp dex to be built within minutes without asking for writing any lines of code, Orderly told X on Tuesday.
The new service is aimed at decentralized autonomous organizations (Daos).
The Perpetual Dexs play a significant role in crypto trading, combining the Perpetual Futures Market into a decentralized, without permission environment.
Unlike the traditional Dex area that only allows token swaps, these platforms allow users to trade in leverage and short owners, a function previously dominated by centralized exchanges such as Binance. They allow entrepreneurs to maintain the full self-custody of their funds, eliminating the risk of exchange hacks or insolvency. By operating in intelligent contracts, they offer an unbelievable and alternative to centralized platforms.
In theory, the ability for DAOs and trading communities to develop their own Perp dexs takes decentralization of another step: not only the trading protocol decentralized but so is the whole experience facing the user and its management.
