OceanEx Launches DeFi Index, COMP, DOT and LINK Perpetual Contract

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We are excited to announce that OceanEx has officially launched DEFI/USDT, COMP/USDT, DOT/USDT and LINK/USDT perpetual contract trading on our website, IOS and Android APP. Users can deposit USDT as margin and will be able to select with up to 50x leverage.

Lately, the DeFi project boom is unstoppable. In order to catch the trend and provide more trading possibilities for our users, OceanEx launches DeFi Index Perpetual Contract with very good trading depth. The impact of fluctuations is small, since it benchmarks 11 DeFi tokens, including COMP, KNC, LEND, MKR, KAVA, ZRX, LRC, REN, REP, BNT, and SNX. The index price calculation method is the weighted average price of 11 currencies. For detailed Index source, please check below graph:

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Moreover, we have also evaluated and selected three hot and solid projects COMP, DOT and LINK to be listed on our perpetual contract trading. Compound(COMP) is a decentralized finance project based on the compound protocol. It provides a “mortgage loan” business similar to banks. Users can store their assets in the agreement to obtain interest, or they can also be used as collateral to lend other crypto assets. Polkadot(DOT) is built to connect private and consortium chains, public and permissionless networks, oracles, and future technologies that are yet to be created. Chainlink (LINK) is a general-purpose framework for building decentralized oracle networks that give smart contract access to secure and reliable data inputs and outputs.

Through the DeFi related token listed on OceanEx’s Perpetual Contract, users are able to explore more trading strategies. First of all, despite the DeFi projects being on fire, some users still hold different opinions. By trading on OceanEx’s Perpetual Contract, users can decide to execute different trading strategies. Secondly, there is risk for miners due to the unstable market. DeFi contract is providing the options for miner users to hedge risks. More importantly, users can use contract leverage to maximize income and profit.

Risk Warning: OceanEx provides a digital asset exchange platform. Cryptocurrency investment is subject to high risks and please be cautious about investing in the market.

OceanEx Team

09/02/2020

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