Wall Street Veterans Launch DeFi Perpetuals Platform for 77 TradFi Markets
- —Platform covers 77 markets: S&P 500, Dow Jones, Nasdaq, Russell 2000, VIX, crude oil, gold, silver, gas and copper
- —Contracts do not tokenize or take custody of assets, tracking prices via external data feeds instead
- —Risk engine includes mark-price mechanisms, circuit breakers, partial liquidations and an insurance fund
- —Built on Cypherium L1 with a ZK-based decentralized identity framework designed around U.S. regulation
Why it matters: The launch extends the crypto perpetuals model to traditional assets, intensifying competition for round-the-clock access to TradFi markets.
Source: Bitcoin.com