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RADAR Streamlines Margin Trading on Decentralized Exchanges
Summary: Decentralized exchange RADAR today announced an extension to its decentralized exchange (DEX) aggregator service, RADAR RELAY, which makes it easier and cheaper for customers to place complicated margin trades. The three-year-old company built the new extension by integrating two of the most popular DeFi trading protocols, 0x and dYdX. The new extension supports ETH pairings with decentralized stablecoin Dai and the ...
Decentralized exchange RADAR today announced an extension to its decentralized exchange (DEX) aggregator service, RADAR RELAY, which makes it easier and cheaper for customers to place complicated margin trades.
The three-year-old company built the new extension by integrating two of the most popular DeFi trading protocols, 0x and dYdX. The new extension supports ETH pairings with decentralized stablecoin Dai and the centralized stablecoin from Circle and Coinbase, USDC. It also gets rid of minimum trading sizes. dYdX requires trade minimums as high as 40 ETH (~$17,000), plus gas fees and a trading fee.
Brandon Curtis, director of R&D at Denver-headquartered RELAY, said he hopes the tool will be used by traders hoping to make the most of the current decentralized finance (DeFi) boom and will inspire more efforts to unify different DeFi products.
By Amy Liu
Tags: DeFi,extension,margin trades,RADAR
Link: RADAR Streamlines Margin Trading on Decentralized Exchanges [Copy]
