Sushi to Launch the Vortex Derivatives Exchange on Sei in the Cosmos Ecosystem

Sushi to Launch the Vortex Derivatives Exchange on Sei in the Cosmos Ecosystem

Recently, Sushi, the developer of the SushiSwap decentralized exchange, acquired Vortex and plans to release it on the Sei blockchain in Q2 2023.

Vortex is a decentralized derivatives exchange that is built on the Sei blockchain in the Cosmos ecosystem. It is expected to be one of the first applications on Sei, which is a Layer 1 blockchain designed for on-chain trading in the Cosmos ecosystem. Vortex is a fully on-chain perpetuals exchange that brings features that have so far been limited to centralized exchanges (CEXes) to the decentralized finance (DeFi) space.

The release will coincide with the expected mainnet launch of Sei. Vortex will support peer-to-peer order matching and use of cross-collateral, which will be done fully on-chain. Sushi's cross-chain ambitions are evident in this move, as it aims to expand its offerings in the derivatives space by moving from Ethereum to the Sei network.

Source

Cosmos

DeFi

Sushiswap

In This Article

Related News
Curve Founder's Position Liquidated, $CRV once Plunged by over 28% Curve Founder's Position Liquidated, $CRV once Plunged by over 28%
SushiSwap Introduced New Business Model and Multitoken Ecosystem SushiSwap Introduced New Business Model and Multitoken Ecosystem
Aave Plans to Launch own Blockchain After V4 Upgrade Aave Plans to Launch own Blockchain After V4 Upgrade
Synthetix Co-founder Launches Infinex to Lower Entry Barriers for DeFi Synthetix Co-founder Launches Infinex to Lower Entry Barriers for DeFi
BlackRock's BUIDL now the Largest Treasury Fund Tokenized onchain BlackRock's BUIDL now the Largest Treasury Fund Tokenized onchain
Latest News More More
8 Hours Ago UK tribunal starts hearing $9B BSV delisting case
16 Hours Ago DAO Developer Aragon Built a “Governance Hub” for Polygon
3 Days Ago Europe Published Final Draft Technical Standards on Prudential Matters under MiCA
3 Days Ago BNB Chain Announces New Program to Support Early Web3 Project
4 Days Ago Aethir Launches Decentralized Cloud Compute Network on Ethereum Mainnet
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open