Hey everyone, just wanted to introduce this new project I have encountered discovered.
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.
In terms of technical progress, here are some of the key milestones they’ve achieved as of late. Technical Progress
Qilin V1 Public Testnet opened and some bugs fixed
Adjusted the upper limit of the pool of Qilin V1
Modification of Rebase Funding Rate Formula by Qilin V1
Demand analysis and product function designing of Qilin V2
Implemented the function of creating perpetual contract trading pairs permissionlessly
Designed the functional module of price deviation based on Uniswap’s V2 and V3
The functional module of inverse contact added
Added Bridge module and implemented the structured asset pool
Optimization of UI/UX of Qilin V2
They have been currently holding their testnets at the moment and hopefully to run their mainnet soon.
More important links:
Medium: https://medium.com/qilinprotocol
White Paper Site: https://qilin.fi/
Topic: Top-Notch Derivative Driven Trading Protocol, QILIN! (Read 42 times)
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