Quick Breakdown of the 3 Derivative Platforms
In our previous report on Automated Market Makers (AMMs) for spot markets, we discussed the latest developments in AMM designs. In this report, we will look into decentralized perpetual exchanges.
Composability, deep liquidity, and top-notch UI/UI are key when it comes to protocol design for the end users. The ultimate goal of decentralized exchanges - whether spot or perpetual futures - is to resemble the experience of trading on CEXes as closely as possible.
In this context, we will explore some of the popular decentralized perpetual models.