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The Solana perp space is now in the search of a new leading name 👀
@StandX_Official might be ready to stand for said place, and for the leading role on BNB as well
With this many protocols out there, you need a good USP to stand out though
That's what $DUSD is for 👇
- Mint (or swap) your USDT and USDC for $DUSD
- Earn yield automatically by holding it
- Use it as collateral to trade perps
- Earn yield while trading as well
This protocol is still pretty young but it has a great UI and the yield on top of the trading collateral going for it
For now, you can trade $BTC - $ETH - $XAU - $XAG
Or you can simply deposit capital in the DUSD vault to earn some extra returns from the StandX Liquidity Provider(SLP) strategies
▶️ There's also Block Trade to keep an eye on
With Block Trade, you can negotiate perp contract trades P2P, without moving the market itself
- 0 Market Impact
- Crosschain
- Transparent with everything trackable onchain
- Options to fill up to 25 counterparties at once
- Flexible and FullMatch execution modes
This is probably even more of a USP than the yield on the collateral, and I'm watching this one closely
The team just recently upgraded the UI (which was already great IMO)
If they keep up the good work, StandX could become pretty resilient and known in the market as the P2P perp DEX