Decentralized Trading Platform SubstanceX Joins Chainlink BUILD
We’re excited to announce that SubstanceX is officially joining the Chainlink BUILD program. As a part of BUILD, we aim to accelerate ecosystem growth and the long-term adoption of decentralized perpetuals by gaining enhanced access to Chainlink’s industry-leading oracle services and technical support, as well as incentivizing greater cryptoeconomic security, in exchange for a commitment to provide network fees and other benefits to the Chainlink community and service providers, including stakers.
Our participation in BUILD provides the added benefits of priority support from the Chainlink ecosystem, streamlined integration and development, and stronger incentive alignment between the Chainlink and SubstanceX communities.
We’re confident that through enhanced support, secure offchain services, and the backing of Chainlink’s vibrant community, we can accelerate awareness of SubstanceX and realize the adoption of a seamless and intuitive decentralized perpetuals exchange.
SubstanceX: Building a Seamless Decentralized Exchange
Substance Exchange (SubstanceX) aims to provide users with a secure and easy-to-use decentralized perpetuals exchange.
SubstanceX aims to create a decentralized trading platform with a product experience surpassing that of centralized exchanges, leading users to migrate their trading to decentralized services. SubstanceX’s broader mission is to achieve shared liquidity between different chains and solve liquidity fragmentation problems on perpetuals exchanges.
Why We Joined Chainlink BUILD
SubstanceX joined BUILD to maximize the benefits of security and reliability that Chainlink’s oracle infrastructure provides. Specifically, as part of BUILD, SubstanceX will receive key benefits, including access to and integration of Chainlink Data Streams, which will sit at the core of SubstanceX’s product, and Chainlink’s Cross-Chain Interoperability Protocol (CCIP) in the future. SubstanceX will also receive access to new Chainlink product alpha and beta releases, among other benefits.
In exchange for these services, SubstanceX will make 3.5% of its native token supply available to Chainlink service providers, including stakers, over time. These mutually aligned economic incentives enable both communities to support one another.
“We’re excited to join Chainlink BUILD to gain access to industry-standard oracle services, technical support, and a robust cryptoeconomic model that empowers us to build decentralized perpetuals with greater security assurances. We look forward to continuing our collaboration together and we welcome the passionate Chainlink community into the SubstanceX ecosystem.” — Roger, founder of SubstanceX
About Chainlink
Chainlink is the industry-standard decentralized computing platform powering the verifiable web. Chainlink has enabled over $9 trillion in transaction value by providing financial institutions, startups, and developers worldwide with access to real-world data, offchain computation, and secure cross-chain interoperability across any blockchain. Chainlink powers verifiable applications and high-integrity markets for banking, DeFi, global trade, gaming, and other major sectors.
Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link.
About SubstanceX
Substance Exchange (SubstanceX) is a decentralized trading platform aiming to provide a secure, transparent trading experience superior to centralized exchanges. Initially deployed on Arbitrum. Users can provide liquidity for returns and engage in perpetual futures, options, and other trades with no slippage.
Through its independently developed Elastic Parameter Configuration (EPC) and Liquidity Isolation Mechanism (LIM), SubstanceX is capable of effectively managing risks, thereby providing support for the contract trading of new coins.
SubstanceX emphasizes customer retention, with a DEX-specific CRM system for supporting loss-making and VIP users. It also reduces user entry barriers by offering no-confirmation wallets, credit card deposits, and Web2 logins, attracting more users.
