BitDEX: A decentralized exchange for perpetual swaps

Quick Take

  • Financial services platform UMA has released a specification regarding a decentralized protocol for perpetual swaps, BitDEX
  • BitDEX presents a way to provide highly leveraged exposure to any target asset in a non-custodial, permissionless fashion
Universal Market Access (UMA) is a platform for financial product innovation on Ethereum. The project is comprised of two intersectional products: a synthetic token issuance platform and an oracle mechanism.  Recently, the UMA team published a paper, BitDEX: Building a Decentralized BitMEX using Priceless Financial Contracts, outlining a specification for a bi-lateral Contract for Difference […]

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