Introducing Cerra.io — Decentralized Derivatives Trading and Lending on Cardano
Cerra.io is strategically entering the realm of cryptocurrency derivatives and peer-to-peer lending within the Cardano network. The recent endorsements and implementations of Wrapped Bitcoin via anetaBTC and bridged assets like BTC / ETH / USDT / USDC through Wanchain are poised to inject fresh capital into our ecosystem. The utilization of the eUTXO model for transactions, which facilitates swift transfers to multiple recipients within a single transaction, coupled with a cost-effective fee structure, presents an exceptionally alluring proposition for both cryptocurrency investors and decentralized application users.
Consequently, Cerra.io team has been diligently tracking market developments while quietly developing a novel platform designed to facilitate non-custodial trading of crypto derivatives.
Alongside this derivatives trading functionality, Cerra.io is introducing a peer-to-peer lending protocol that empowers users to leverage or hedge their cryptocurrency holdings. Although this concept has been prevalent in other blockchain networks, including Cardano itself, integrating this tool into our trading platform to cultivate a self-sustaining ecosystem is the overarching objective that Cerra.io is committed to achieving.
What is next?
In the coming days there will be 2 major events happening, an Airdrop campaign — where community members, after completing a simple set of rules, will be able to claim 30$ worth of CERRA tokens.
Alongside the Airdrop campaign, the project has opened a waitlist for early investors. This waitlist literally enables investors to buy CERRA token early on, with lower price / lockup period. More information will follow on the matter as the team will explain how the Private Sale will be executed.
Wen launch?
The team has been working on product development for quite some time now, and are closing into the final stretch. Estimated Testnet Launch is currently scheduled for 2nd half of October 2023. There will be a bug bounty program, and the testnet will be available for everyone to try and play around. Once all the feedback and tweaks are implemented, Mainnet launch should follow a few weeks after the Testnet. Not that much left!
Here’s a sneak-peak to our platform:
