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Perennial Launches DeFi Derivatives Agreement on Arbitrum

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On February 22, Perennial, the DeFi derivatives agreement, launched Arbitrum, and Perennial said that Arbitrum supports higher leverage, low cost and fast exec…

Perennial Launches DeFi Derivatives Agreement on Arbitrum

On February 22, Perennial, the DeFi derivatives agreement, launched Arbitrum, and Perennial said that Arbitrum supports higher leverage, low cost and fast execution and settlement speed.

DeFi derivative agreement Perennial went online Arbitrum

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Perennial, a decentralized finance (DeFi) derivatives agreement, launched on Arbitrum on February 22. According to Perennial, Arbitrum will support higher leverage, low cost, and fast execution and settlement speed.

Perennial’s launch on Arbitrum is significant for the DeFi space as Arbitrum is a popular Layer 2 scaling solution for Ethereum. By launching on Arbitrum, Perennial is able to provide a faster and cheaper DeFi derivatives trading experience. At the same time, the platform is pushing to provide users with higher leverage, allowing traders the opportunity to take bigger positions.

Perennial’s use of Arbitrum’s scaling solution is critical as the DeFi space has been hampered by high fees and slow transaction speeds on the Ethereum network, forcing traders to pay high gas prices and wait for block confirmations. Ethereum has been struggling with congestion and high fees in recent months, causing traders to search for scaling solutions. With the launch on Arbitrum, Perennial is providing a much-needed solution for traders seeking a faster and cheaper DeFi derivatives trading experience.

Perennial’s focus on DeFi derivatives trading is also noteworthy, as derivatives allow traders to take positions without physically owning the underlying asset. This allows for more efficient and diverse trading opportunities, and adds another layer of liquidity to the DeFi space. Furthermore, by launching on Arbitrum, Perennial is able to offer traders more effective and efficient risk management strategies.

In conclusion, Perennial’s launch on Arbitrum is a significant development for the DeFi space. By offering faster and cheaper trading, higher leverage, and a greater capacity for derivatives trading, Perennial is providing traders with more efficient and diverse trading opportunities. With the ongoing congestion on the Ethereum network, Perennial’s move to Arbitrum is likely to attract more traders to the platform, making it even more scalable and versatile in the future.

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