What is Orderly Network?
An overview of Orderly Network
Orderly is a permissionless, decentralized exchange protocol and modular ecosystem built on top of NEAR. It currently uses an off-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, with a goal of moving to a full on-chain mechanism.
While the on-chain trading experience has improved drastically in the last couple of years, there are still some pretty obvious issues:
- 1.DEX trading has high gas fees, commissions, and slippage
- 2.Pro traders rarely trade on DeFi — they require fast and liquid markets
- 3.There aren’t any white labeling solutions for derivative DEXs
Here are some of the solutions Orderly Network will offer:
- 1.Orderly will be integrated with bridges that will allow for smooth deposits/withdrawals from any ‘layer one’ blockchain.
- 2.Thanks to the combination of order book efficiency and on-chain settlement, Orderly will offer market-leading execution with low latency and minimal fees.
- 3.Orderly will launch with immediate access to deep liquidity thanks to some of the largest market makers in the space.
This is the most basic type of trading, where users can buy and sell assets such as cryptocurrencies, stocks, and commodities at the current market price. Spot trading on Orderly Network is designed to be fast, secure, and user-friendly, with features like real-time market data, order books, and trading charts.
Perpetual Futures Trading is a form of derivatives trading that allows users to trade on the future price of an asset without actually owning it. Orderly Network offers perpetual futures contracts for cryptocurrencies, which are settled in USDC. This product enables users to trade with leverage, meaning they can open larger positions than they would be able to with their available capital.
A decentralized platform that enables users to generate yield by lending to pre-approved market makers and institutions in the Orderly ecosystem.
The community pool is a single-sided liquidity provision program meant to power and boost available liquidity across the markets.
The token auction will provide a secure and reliable infrastructure for Token Suppliers (anyone who wants to list their token on Orderly) to negotiate loan terms with Borrowers and perform diligence while also ensuring that only approved Market Makers will use staked tokens to make markets on the protocol, helping with new token listings.
Last modified 2mo ago