D8X Re-Engineers DeFi Derivatives With Public Beta Launch on Polygon zkEVM
Supported by Polygon Ventures, D8X targets institutional users with next-gen DEX engine, innovative features, novel white-label approach
[Zug, Switzerland — Feb. 6, 2024] — D8X, an institutional-grade decentralized exchange (DEX) for derivatives, has launched its Public Beta on Polygon zkEVM, establishing a new benchmark for decentralized finance. With support from Polygon Ventures and other notable partners, D8X reconceives on-chain derivatives, starting from fundamental financial engineering and extending to its novel white-label business-to-business model–a first for Polygon zkEVM.
Until now, users seeking the trading experience offered by D8X have had to resort to Centralized Exchanges or settle for less-efficient, less-flexible and riskier on-chain platforms. D8X’s launch on zkEVM changes that.
Beyond existing DeFi users, the DEX’s powerful new derivatives features aim to attract institutional players who wish to offer decentralized products to their clients without having to develop in-house market making and trading engines.
“D8X offers decentralized derivatives as a white-label product to DeFi and TradFi entities alike. This opens up a bridge allowing legacy finance to leap into Web3 — all powered by Polygon zkEVM,” said Polygon Co-Founder Sandeep Nailwal.
D8X Achieves Firsts for DeFi
Leveraging established Traditional Finance derivative pricing theory to underpin the DEX’s automated market making strategy, D8X achieves unprecedented efficiency, variety and risk-conservation. D8X’s on-chain solutions and shared liquidity pool curb costs and offer highly competitive products, such as cost-efficient hedging, a prerequisite for building a highly functional derivative trading space.
“With banks entering the industry, the future calls for DeFi products tailored to banks and degens alike — D8X delivers the answer: an incorruptible financial machine that can be white-labeled,” said D8X Co-Founder Caspar Sauter.
For the first time in DeFi, D8X offers linear, inverse and quanto perpetuals, enabling users to choose their collateral, base and quote currencies to manage their exposure and control their risk.
White-label Frontends are live
D8X’s fully decentralized structure follows clear guidance from Switzerland’s financial market regulator FINMA.
D8X’s launch follows a successful $1.5 million pre-seed funding round, with participation from Polygon, Axelar Network, Swissborg Ventures, Cogitent Ventures, Veris Ventures, Pragma Ventures, CryptoDiscover and others.
DeFi users can utilize D8X’s powerful derivatives features on front-ends hosted by partners including d8x.trade, freelyperps.com, omnistrat.trade and decentralized-perps.com, with many more in development.
About D8X:
D8X is a Polygon Ventures-supported institutional-grade perpetual futures DEX with a financial engineering approach that elevates the way perpetual futures can be traded on-chain. Think of a powerful and decentralized trading platform on Polygon zkEVM that offers white-labeling to institutions. D8X’s pricing mechanism adapts to changing market conditions protecting liquidity providers and profitable traders in volatile periods, resulting in superior DeFi trading conditions.
- D8X: https://d8x.exchange/
- D8X Twitter: https://twitter.com/d8x_exchange
- D8X GitHub: https://github.com/D8-X
- D8X Docs: https://d8x.gitbook.io/
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