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BTSE introduced the launch of BTSE Dex 2.0, which introduces cross-compatibility for Ethereum Digital Machine-based chains and allows buying and selling for over 50 perpetual futures on networks similar to Base, Optimism, and Arbitrum.
Notably, BTSE Dex faucets into Orderly Community’s decentralized change protocol, which affords liquidity and cross-chain interoperability to decentralized order books.
Moreover, the Aug. 8 announcement revealed that BTSE Dex 2.0 could be eligible for almost $1 million in token rewards from each Orderly and BTSE Dex. The rewards will probably be distributed in USD Coin (USDC) by way of completely different rounds.
BTSE CEO Henry Liu stated:
“We’re excited to deepen our partnership with Orderly Community. They’ve created an outstanding product and their emphasis on expertise and person expertise have enabled us to supercharge development during the last a number of months.
The BTSE Dex is one answer from the suite of merchandise provided by the BTSE Group, a world blockchain expertise firm. In keeping with its web site, the change registered over $170 million in buying and selling quantity by way of its perpetual contracts of Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).
Orderly Community COO Arjun Aroro stated:
“BTSE’s dedication to fostering innovation throughout the crypto ecosystem stands unmatched, evident of their perception in our imaginative and prescient to ship a very built-in DeFi panorama. They constructed BTSE Dex on Orderly’s NEAR occasion not solely to cater to customers preferring the autonomy of DeFi but additionally as a logo of religion within the Orderly-led group to actualize this imaginative and prescient.”
Orderly Community is a permissionless liquidity layer for decentralized exchanges, constructed on an omnichain infrastructure. At present, they provide yield vaults fastened at 20% APY for 10 completely different crypto, together with Dogecoin (DOGE), Injective (INJ), and Binance Coin (BNB).
The whole worth locked utilizing Orderly’s liquidity layer is at present at over $22 million, after a 330% year-to-date rise, based mostly on DefiLlama knowledge.