Orderly Network Expands with Polygon PoS to Bring Advanced Perpetual Trading to Quickswap – Blockchain News, Opinions, TV & Jobs

adminMay 23, 2024

May 23, 2024, New York, USA, Chainwire

Orderly Network launched in partnership with Quickswap, the leading DEX on all Polygon chains. QuickPerps: Falkor; A next-generation decentralized permanent exchange. This integration brings a new level of functionality to DeFi traders on Polygon PoS, with key benefits delivered through Orderly’s innovative omnichain vault.

Improved liquidity: Orderly’s powerful liquidity layer combined with Quickswap’s liquidity layer enables leveraged trading with tighter spreads and lower slippage.
Easy cross-chain transactions: Seamlessly deposit, withdraw and trade assets across all major EVM chains supported by Orderly directly from your Falkor vault. No asset bridging required.
Gas Zero Utilization Transactions: Enjoy Polygon PoS’ fast network and low vault deposit fees. In-vault leveraged trading is completely gas-free thanks to the Orderly Network.
Similar experiences to CEX: Built on Orderly’s CLOB infrastructure, the friendly order book interface simplifies trading for both new and experienced users.
Advanced order management: Manage risk effectively through limit orders. All available in a user-friendly interface.

This collaboration will enable Quickswap to become the DEX for leveraged trading on Polygon PoS. Falkor has the potential to spark a surge in trading volume for the platform by solving the reconfiguration issues that plagued previous persistent protocols.

Arjun Arora, COO of Orderly Network, said: “Our partnership with QuickSwap is consistent with Orderly’s mission to power our DEX with superior infrastructure that can compete with traditional CEXs in terms of features and performance. “This integration is also a testament to the versatility of the Orderly Network as it allows automated market makers like QuickSwap to broaden their product offerings and offer perpetual futures for the first time on Polygon PoS.”

Sameep Singhania, a key contributor to QuickSwap, said: “Our partnership with Orderly Network marks a significant leap forward for the QuickSwap and DragonFi ecosystems. “By integrating Falkor with Orderly Network’s Omnichain Vault system, QuickSwap can provide users with a best-in-class leveraged trading experience with zero gas fees, deep liquidity, and a user-friendly interface.”

Orderly Network has made great strides in a short period of time. Since launching in 2022, Orderly has already surpassed $38 billion in trading volume and has integrated some of the world’s leading decentralized exchanges into its new permissionless liquidity layer. Backed by major investors such as Sequoia China, Pantera Capital, Primitive Ventures, Dragonfly Capital, Jump Crypto, and GSR Ventures, Orderly has quickly gained traction among DeFi builders and traders alike.

Perfect match for DeFi growth

Polygon PoS’ fast network, low fees, and large user base (over 400,000 daily active users) create the perfect environment for DeFi to succeed. Orderly’s robust infrastructure combined with Quickswap’s reach and Polygon PoS’ scalability positions this collaboration as a major step forward for omnichain trading and DeFi on Polygon PoS.

“Integrating Orderly Network’s advanced perpetual trading system into Quickswap represents a significant advancement for DeFi on Polygon PoS.” said Jack Melnick, Head of DeFi at Polygon Labs. “This development, supported by Orderly’s innovative omnichain Vault, highlights our vision to foster a scalable, efficient and user-friendly DeFi ecosystem.”

Introducing Orderly Network

The Orderly Network is a combination of an order book-based trading infrastructure and a powerful liquidity layer providing spot and perpetual futures order books. Unlike traditional platforms, Orderly has no front end. Instead, it operates at the core of the ecosystem, providing essential services to the projects built on top of it.

Orderly Network’s DEX white label solution has been carefully crafted to save builders time and capital while allowing access to bootstrapped liquidity. Imagine having the best features of CEX while keeping payments on-chain and maintaining complete self-governance.

Orderly allows anyone to create trading applications thanks to a seamless plug-and-play experience that leverages liquidity and configurability.

Going forward, Orderly Network’s big vision is to create an omnichain protocol that connects traders from EVM and non-EVM chains within the same order book.

For more information, visit the Orderly Network official website | Twitter | Telegram | discord | linkedin