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Decentralized exchange D8X plans to launch Polymarket leveraged trading tool in August.

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#DeFi
TechFlow
464Words
Jul 24, 2024

On July 24th, according to Coindesk, D8X, a decentralized exchange, is developing leverage trading tools and plans to launch them on the mainnet in August, allowing users to trade Polymarket contracts with leverage. Co-founder Caspar Sauter mentioned in an interview that leverage is a missing part in predicting market economics, as it can enhance market efficiency and increase potential returns. D8X was launched on Polygon's zkEVM in January 2023, completed a $1.50 million seed round financing, and expanded to OKX's X Layer and Arbitrum in May and June. Sauter explained that D8X's system obtains Polymarket's spot prices through oracles, similar to traditional perpetual contract methods.

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