Orderly: An Orderbook Exchange Protocol built on NEAR
Orderly is a permissionless, decentralized exchange protocol and modular ecosystem built on top of NEAR. It uses an on-chain order book to provide a platform complete with a risk engine, matching engine, and shared asset pools for dApps to build on top of. dApps built on the Orderly will allow for financial instruments such as:
- Spot Trading
- Margin Trading
- Perpetual Swaps
- Lending and Borrowing
Orderly aims to provide the most robust liquidity layer infrastructure for any dApp to utilize and build on. With the help of our incubators WOO Network and NEAR, we are able to leverage the knowledge and experience from both teams in order to achieve this vision.
There are more and more professional traders and market makers entering the DeFi space. AMMs are designed for retail traders and often don’t facilitate a more sophisticated trading strategy. Orderbook style DEXs are in high demand, however — very few of them are currently able to provide the trading experience required. Many fall short on liquidity, speed of transactions and cost of trading.
Orderly will offer CeFi level trading infrastructure by leveraging WOO Network’s experiences in building trading platforms and decentralized exchanges. Bootstrapping liquidity has always been a key challenge for any orderbook DEX which is why we are glad to have the support of market makers such as Kronos Research for liquidity from the very beginning. Kronos Research is one of the leading market makers in the crypto space and will be able to support our offering of deep liquidity.
To further enhance liquidity, Orderly will launch community lending pools where token holders are able to lend assets to market makers while enjoying single-sided liquidity provision with sustainable yields.
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