CommPRO Editorial Staff
Decentralized derivatives exchange LEVERJ has announced the launch of perpetual swap futures powered by Brave New Coin, a digital asset data infrastructure company. Trading for ETH-USD and BTC-USD perpetual swap futures contracts are now live on LEVERJ, allowing for up to 100x leverage.
LEVERJ is powered by Gluon.network, a purpose-built sidechain created for scaling Ethereum. Its native token, also announced today, is the $L2 governance token. The $L2 governance token is a key piece in helping Gluon become fully decentralized and community-owned over the next few months.
Launched by Wall Street veterans from J.P. Morgan and Goldman Sachs, LEVERJ is designed to perform like traditional financial exchanges while maintaining the critical function of security. LEVERJ is completely self-custodial by design, meaning that users always control their private keys and funds.
LEVERJ runs on Gluon, the only Layer 2 solution purpose-built for high-frequency trading. Gluon is designed to address Ethereum’s scaling issues, offering sub-second trading with zero gas fees. Originally created for the sole purpose of powering LEVERJ, industry demand for a fast and reliable Layer 2 solution has prompted the team behind Gluon to allow any DeFi project to utilize its network. Gluon has undergone rigorous third-party auditing and testing, and will soon introduce its full network and grants to power the ecosystem’s growth.
“Gluon technology is light years ahead of ZK Rollups and Optimistic Rollups, which have significant drawbacks in terms of cost and user experience.”
Earlier this year, LEVERJ partnered with Brave New Coin to ensure a full product pipeline for its fast, secure decentralized derivatives exchange. The companies are working together to introduce several derivatives products along with sub-sector specific tradable products like a DeFi index, privacy coin index, volatility indices and much more.
“Decentralized exchanges have until now lacked the sophistication, speed and security to draw big-time investors — that all changes with LEVERJ and Gluon,” said Fran Strajnar, CEO of Brave New Coin. “We’re pleased to collaborate with LEVERJ to provide perpetual swaps and other products which will help demonstrate Gluon’s groundbreaking technology for traders.”
Source: Blockchain Wire