- Collaboration Strengthens
DeFi Ecosystem with Advanced Options
Infrastructure
SINGAPORE, July 22,
2024 /PRNewswire/ -- Moby, an on-chain options
protocol backed by its pioneering Synchronized Liquidity Engine
(SLE) that offers the narrowest spreads in the market, today
announced a collaboration with GMX, the largest
decentralized perpetual exchange on Arbitrum and
Avalanche. This collaboration aims to support insurance options for
perpetual traders, providing protection against liquidation
risks.
GMX, a pioneering perpetual exchange, offers traders low fees,
deep liquidity, reduced liquidation risks, and transparent pricing.
With close to a 100 decentralized finance
integrations, GMX has built a powerful ecosystem and functions as a
foundational liquidity base layer for the Arbitrum and Avalanche
DeFi ecosystems.
The integration of GMX with Moby is set to offer perpetual
traders insurance options to hedge against liquidation risks. This
marks a significant advancement for perpetual trading, enabling
traders on GMX to open positions without the concern of liquidation
risks. Just as GMX set a new standard in the perpetual market with
its automated market maker (AMM) model, this feature is poised to
serve as another important stepping stone in advancing the
market.
Moby supports optimal pricing and immediate transactions for
options around the clock. Additionally, the high leverage and
maximum capital efficiency help hedge liquidation risk most
effectively. Unlike other options exchanges that operate
independently or on centralized platforms, Moby operates on the
Arbitrum Mainnet, which ensures a robust and seamless connection
with GMX.
Since its alpha launch on the Arbitrum Mainnet, Moby has
generated over $1.1 billion in
options trade volume, achieving one of the highest trade volumes
among all on-chain options protocols. It is also the first-ever
options protocol to receive the Arbitrum Foundation Grant prior to
mainnet launch.
"From the outset, Moby has been dedicated to fostering growth in
the DeFi options ecosystem. This collaboration marks a
new milestone in the broader adoption of options trading," stated
Ben, Moby's CEO. We are pleased to integrate with a leading project
like GMX and look forward to playing a pivotal role in developing
structured products combined with various on-chain
derivatives."
Moving forward, Moby's mission is to transform the sector by
developing foundational infrastructure for all on-chain
derivatives. To achieve this, Moby will strengthen its
collaboration with GMX, a leading derivatives protocol.
Moby Contacts
Team Moby
team@moby.trade
About Moby
Led by a team with extensive experience in finance, blockchain, and
data science, Moby is an on-chain options protocol to lead the next
narrative for DeFi. Moby offers an optimized trading
environment based on its pioneering SLE (Synchronized Liquidity
Engine) and Dynamic Risk Premium model, which enables real-time
accurate pricing, narrowest spread in the market, abundant
liquidity, and Robinhood-class UI/UX.
Moby is set to provide new features such as capital efficiency
improvement models, structured products, short-term options, and
tokenized options positions to welcome institutions and traditional
TradFi audience.
⎹ Website ⎹ Twitter ⎹
Discord ⎹ Docs ⎹
Blog ⎹
About GMX
GMX is a permissionless decentralized spot and
perpetual exchange. Traders benefit from low fees, deep liquidity,
reduced liquidation risks and transparent pricing. Liquidity on GMX
is user-contributed, and liquidity providers earn a majority of the
fees the protocol generates, without external market makers.
GMX has worked collaboratively to create a robust ecosystem,
with close to a 100 decentralized finance
integrations, GMX has built a powerful ecosystem and functions as a
foundational liquidity base layer for the Arbitrum and Avalanche
DeFi ecosystems.
Discover GMX at gmx.io, and connect with the community
through:
⎹ Twitter |
Telegram | Discord |
Github | Substack ⎹
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SOURCE Moby
