Onchain Trade $OT

Onchain Trade (OT) is a ground-breaking DeFi protocol that encompasses a variety of functions such as providing liquidity, swapping, borrowing, and trading perpetuals with zero slippage. The platform is known for designing unique single side AMM pools, facilitating both swap and borrow functions for liquidity providers to earn from swap fees and borrow interest.

About Onchain Trade

Onchain Trade embarked on its journey in the early 2022 and quickly evolved to launch on the zkSync Era mainnet in March 2023. The launch enabled swap, borrow, and liquidity provision features. Heralded as the first perpetuals decentralized exchange (DEX) in the zkSync Era, Onchain Trade integrates a unique Single Side Liquidity design. This design fuses swap and borrow capabilities to augment capital efficiency and Annual Percentage Rate (APR) for Liquidity Providers (LPs).

Unique Features of Onchain Trade

The characteristic that sets Onchain Trade apart is the eradication of slippage in trade, an issue that plagues numerous DeFi platforms. The platform's ingenious single side AMM pools permit liquidity to be exploited for swap and borrow simultaneously. This translates into increased capital efficiency and a decrease in Impermanent Loss for LPs.

Future Developments

Onchain Trade is on track to launch on-chain perpetuals trading on the zkSync Era, further expanding its suite of offerings and cementing its position as a leader in the DeFi space.

Token Utility

The native token of Onchain Trade serves multiple purposes. Holders have the option to stake their tokens to receive a distribution of revenue. Additionally, the token empowers holders with voting rights, placing decision-making power directly into the hands of the community.