Dexilon launches their testnet upgrade which aims to provide customers with various different ways to trade decentralised derivatives.
Dexilon.io has just announced the release of the interim Testnet upgrade. The upgrade includes a custom-built blockchain, blockchain transaction explorer, EVM/Dexilon bridge, cross-margin mode trading, and 13 new trading pairs. Dexilon is the best-in-kind Decentralised Derivatives Exchange that runs on a custom blockchain with the central limit order book. The products offered by Dexilon offer self-custody, lightspeed execution, best trading fees and radical transparency.
Dexilon is one of the best decentralised exchanges on the market currently. The exchange provides users with various ways to trade decentralised derivatives, one of its unique features. The company offers Perpetual Futures, Cash Settled Delivery Futures, Options and Exotic Derivatives for users to trade crypto derivatives. Trading fees are redistributed between takes and market makers, and this liquidity incentive is another unique feature of Dexilon.
The self-custody and permissionless feature allow customers to connect their personal crypto-wallet and lock their funds on the smart contract. Dexilon does not store any of the customer’s funds. The fund will be stored in the smart contract, which can be verified and audited. Another critical feature of Dexilon is the decentralised data oracles. These price oracles will supply the real-time price of the asset to form the index of the underlying.
To start trading on the Dexilon exchange, customers just need to follow these four simple steps. Firstly, they would need to connect their wallet with the Dexilon Testnet. Once connected, customers can deposit funds into the wallet to buy and sell derivatives. Through the website, customers can easily track all their open positions.
“Dexilon is the first decentralised exchange that is running on a limit order book powered by the native blockchain,” said a spokesperson for the company. “This exchange is democratically managed by the community in a trustless and verifiable way and seeks to become the next-generation derivatives decentralised trading exchange platform.”
Dexilon is a next-generation derivatives decentralised trading exchange platform. The team at Dexilon is merging lightspeed execution, low latency, deep liquidity environment with permissionless and trustless state of DEFI to cater to any crypto and non-crypto trader. The mission of the team is to develop a truly decentralised peer-to-peer market where users of all statuses compete on a fair and democratic basis.
Release ID: 89085859
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