Aptos Mainnet Witnesses Debut of Initial On-Chain Perpetuals Decentralized Exchange by Kana Labs, Offering Gasless and Composite Limit Order Book Trading, Ensuring Speedy and Hassle-Free Transactions.
Unleashing Kana Perps on Aptos: A New Era for Decentralized Trading
After making waves in the cryptosphere, Kana Labs' innovative trading platform, Kana Perps, has gone live on the Aptos mainnet. Behold, the launch of the first fully decentralized CLOB-based Aptos Perpetuals DEX built on this dynamic network! No longer does trading require centralized control or intermediaries—it's smart contract-powered all the way!
The interface boasts a user-friendly design, managing to pack advanced financial features seamlessly on-chain. With Kana Labs aiming to expand the horizon of on-chain derivatives, the mainnet release represents the culmination of rigorous internal testing in diverse network conditions and user scenarios.
Supporting Assets and Core Order Features
Currently, Kana Perpetuals Dex provides trading opportunities for APT, BTC, and ETH assets, with a roster of additional tokens in the pipeline. Market orders take flight at current prices for lightning-fast trade execution, while limit orders let you specify desired price levels, filling them only when conditions align perfectly. Manage risk wisely with take profit and stop-loss features on Perpetual contracts. Although order sizes remain irreversible after submission, you can always cancel and resubmit those, maintaining trade integrity.
On-Chain Matching Engine and Order Book Infrastructure
The on-chain order book and matching engine rely on Econia's infrastructure, consolidating liquidity from exchanges, market makers, and individuals. Thanks to Aptos' Block-STM engine, Kana Labs' Perpetual contracts breeze through trade settlements. Single transactions process and settle trades, minimizing delays and slippage. This high throughput efficiency promotes fair price discovery and consistent execution performance. Econia's decentralized design intelligently coordinates order books across multiple shards, emphasizing the prowess of fully on-chain trading solutions.
Margin Requirements and Fee Structure Explained
The isolated margin model's grips firmly on Kana Labs' Perps exchange. You'll need an initial margin to fuel each position, with a lower maintenance margin that must be keptInvoke to stave off automatic liquidation. Slip up on that, and the system whips your position into shape like a stern taskmaster! The maintenance margin currently hovers at 2.5% of each position's notional value, making it crystal clear how much danger you're in. Fees, however, populate a more balanced ecosystem. Maker orders sail through free of charge (pocketing only gas expenses), while takers pay 0.05% of the transaction value. feverishly trade at scale.
Innovating Access with OKX Wallet Collaboration
Recently, the integration of Kana Labs with OKX Wallet attracted attention via a DEX API connection. This union simplifies token Swaps, blending OKX Wallet's security with the rapid order engine. As decentralized trading continues heading towards seamless integrations, this collaboration could shape the future of how DeFi users engage with financial tools. With interoperability between wallets and decentralized trading protocols on the rise, the future of on-chain trading looks nothing short of exhilarating!
To sweeten the pot, Kana Labs recently revealed that Kana Perps boasts no wallet gas fees and offers 0% maker fees, one-click trading, up to 50% margin refund on liquidation, and an intuitive UX. Furthermore, users bask in the glow of full on-chain transparency and non-custodial access.
[1] Based on enrichment data, Kana Perps offers additional features such as Hedge Mode, expanding trading flexibility, and sophisticated trading strategies, benefiting both professional and casual traders.
- Kana Perps, the first fully decentralized CLOB-based Aptos Perpetuals DEX, is now live on the Aptos mainnet, offering smart contract-powered trading without centralized control or intermediaries.
- The platform supports trading for assets like APT, BTC, and ETH, with a roster of additional tokens planned, and boasts a user-friendly interface that seamlessly integrates advanced financial features on-chain.
- The on-chain order book and matching engine rely on Econia's infrastructure, consolidating liquidity from exchanges, market makers, and individuals, and leveraging Aptos' Block-STM engine for quick trade settlements.
- The isolated margin model underpins Kana Labs' Perps exchange, requiring an initial margin for each position and a lower maintenance margin to avoid automatic liquidation, while fees are balanced with maker orders incurring only gas expenses and takers paying 0.05% of the transaction value.
- Kana Labs recently integrated with OKX Wallet, simplifying token swaps and blending the wallet's security with the rapid order engine, signifying a potential shift in the future of how DeFi users engage with financial tools. The collaboration offers no wallet gas fees, 0% maker fees, one-click trading, up to 50% margin refund on liquidation, and an intuitive UX, among other features like Hedge Mode and sophisticated trading strategies.
