The months have come and go, and I've found myself keeping a lookout on the most promising crypto projects, and ol behold.
Qilin is a decentralized risk-mitigating protocol for derivatives trading for all assets, powered by cutting-edge mechanisms for liquidity risk control. By mitigating risks for liquidity posed by open positions through multiple mechanisms, Qilin in turn guarantees the liquidity needed for an optimized decentralized derivatives trading experience.
The reason why does project has caught my attention is their capability to utilize perpetual contracts.
From the perspective of improving the capital utilization ability of the whole market, the higher requirement for perpetual contracts is to be able to serve as many assets as possible in the market, especially the Altcoin assets. In the current DeFi, Uniswap serves the largest number of trading assets, but it is only limited to the spot market. As for the DeFi that provides perpetual contracts, Perpetual supports only 17 trading pairs.
On the basis of serving all trading pairs on Uniswap, the capital utilization efficiency can be expanded infinitely through perpetual contracts. At present, only Qilin Protocol bears the ability to realize it.
Qilin is Preparing and testing V1 mainnet, ready for launch in the months to come
More important links:
Medium: https://medium.com/qilinprotocol
White Paper Site: https://qilin.fi/
Topic: Qilin, a decentralized risk-mitigating protocol (Read 75 times)
Jump to: