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Decentralized exchange D8X plans to launch Polymarket contract leverage trading tool in August

Decentralized exchange D8X plans to launch Polymarket contract leverage trading tool in August

CointimeCointime2024/07/24 14:07
By:Cointime

Decentralized exchange D8X is developing leverage trading tools and plans to launch them on the mainnet in August, allowing users to trade Polymarket contracts with leverage. Co-founder Caspar Sauter stated in an interview that leverage is a missing part of predicting market economics, which can improve market efficiency and increase potential returns. D8X launched on Polygon's zkEVM in January 2023, completed a $1.5 million seed round of financing, and expanded to OKX's X Layer and Arbitrum in May and June, respectively. Sauter explained that D8X's system obtains Polymarket's spot prices through oracles, similar to traditional perpetual contract methods.

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