A swap for $US500 is now live with zero fees, up to 10x leverage, and direct TradFi liquidity.
The initial OI limit has been set to $50M and will be raised in the future.
We'll be going live with @defillama_res tomorrow to discuss how swaps will be rolling out, and what to expect when they go live.
Set your reminder below!
"One of the main problems with trading perps right now is ... funding rates. Swaps are the answer to that ... a new instrument that improves on perps by providing liquidity from TradFi and fixing the funding rate to be effectively flat."
- Variational co-founder @variational_lvs