RiskSwap Forges Strategic Partnership with NEAR Protocol
Collaboration is an important component of the development of any blockchain ecosystem. We all strive to make technology accessible, scalable and open so everyone can take part in shaping and strengthening the blockchain technology market. We are not individualists, instead, we open-source the code revealing all the details about the solutions we use. Therefore, the exchange of experience, cooperation, and common strategic goals are important for us.
Today, RiskSwap is proud to reveal the details of our strategic partnership with NEAR Protocol — a smart contract-capable, public Proof-of-Stake blockchain that aims to act as a community-run cloud computing platform. NEAR Protocol together with Solana will become the first blockchains RiskSwap will use for launching its controllable risk futures and options trading. For NEAR Protocol, we will also become the first derivatives DEX running on top of their blockchain. To support the development the NEAR Protocol team provides a $150,000 grant to RiskSwap.
Introduction to NEAR Protocol
NEAR Protocol is a smart contract capable, public Proof-of-Stake (PoS) blockchain that was conceptualized as a community-run cloud computing platform. Built by the NEAR Collective, NEAR was designed to host decentralized applications(dApps) and strives to improve developer experience compared to Ethereum (13 times faster block time, 70 times faster finality, and 1,000+ times cheaper than Ethereum) and other leading smart contract-enabled blockchains like EOS and Polkadot.
NEAR Protocol is a public, sharded, developer-friendly, highly scalable, and low-cost platform for developers to create decentralized apps. In essence, NEAR provides a robust peer-to-peer community-governed cloud ecosystem that leverages the power of the DLT to ensure the stability, visibility, and non-custodial nature of transactions within it.
Dozens of blockchain projects in different spheres including gaming, DeFi, DAOs, NFT platforms and more, already joined the NEAR protocol ecosystem making it one of the fastest-growing ecosystems in the industry. One thing is missing — decentralized derivatives trading — and this is when RiskSwap enters the scene.
The Basics of RiskSwap
RiskSwap is a multi-chain DEX designed specifically for the needs of derivatives traders. Being inspired by the best practices in DeFi, traditional finances, and centralized crypto trading, RiskSwap builds a user-friendly platform for controllable risk futures and options trading. The powerful combination of AMM and Order book models, a sophisticated set of risk management tools and low-entry point UI/UX makes RiskSwap a perfect environment both for professional and newbie futures and options traders.
Core Know-Hows of RiskSwap
RiskSwap offers superior futures & options trading experience:
- A powerful combo of AMM & Central Limit Order Book
RiskSwap uses a single asset AMM pool, which liquidity is sent for market making to the order book. Thus, traders will always have enough liquidity for comfortable trading, and investors can profit from the sophisticated market-making mechanism developed by the RiskSwap team. - Position builder
A powerful instrument that helps to assess PnL by simulating your futures and options positions, visualize profits and losses, and explore Greeks charts. - Delta hedging tools
RiskSwap allows for creating delta neutral trading strategies by utilizing a proprietary delta hedging mechanism & interface. - Singleblock
This tool is designed to build up options and futures strategies with multiple different “legs” to mitigate position risks such as severe price movements by simultaneous bids executed as FOK orders.
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