D8X Launches on Polygon zkEVM, Targets Institutional Grade Investors
D8X, a cryptocurrency decentralized exchange (DEX) for derivatives has launched on Polygon’s zkEVM in a bid to provide an institutional-grade platform for investors in decentralized finance (DeFi).
In a recent press release, the company announced its launch on Polygon’s zkEVM, rolling out plans, use cases to institutional clients, on-chain solutions, and multiple stablecoin integrations as it plans to create alternatives to USD-based assets.
According to the release, the platform is supported by Polygon Ventures to reshape how users interact with decentralized exchanges allowing institutional investors to trade perpetual futures seamlessly with on-chain tools.
The platform utilizes several interoperable features including white-label partnerships that will see firms link their traders to D8X and earn a commission through the revenue system.
Classical perpetuals are also offered to traders with no rollover or borrowing fees which can apply to a wide range of assets.
Liquidity providers earn fees in the automated market maker (AMM) options with a similar risk management setup to those deployed in “enterprise-wide risk-management” and clearing houses.
“Liquidity provision, liquidations, and order execution are decentralized. With our white-label model and our robust on-chain governance institutional professionalism and decentralization go hand in hand.”
Utilizing traditional finance derivative pricing theory, D8X reduces risks and costs while maximizing efficiency.
Casper Sauter, the co-founder of D8X stated that the evolution of DeFi has seen banks and other financial institutions enter the space tipping the platform as the solution providing an incorruptible financial machine.
“For the first time in DeFi, D8X offers linear,
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