DeFi
DBOE Officially Launches Next-Generation Spot DEX, Joins Chainlink BUILD Program
SINGAPORE / May 10, 2024 / DeFi Card Options Exchange (DBOE) is excited to announce two important milestones aimed at improving its ecosystem and empowering users around the world. These developments include the launch of DBOE’s next generation Spot DEX and participation in the industry standard Chainlink BUILD program.
DBOE Launches Next-Gen Spot DEX with Innovative On-Chain Order Book
With a clear vision to build the future of public market infrastructure, DBOE reached a milestone with the successful launch of its Options DEX in July 2023, garnering praise from the community. Building on this success, DBOE has moved forward with the public beta of its Spot DEX over the past four months. After undergoing rigorous testing and optimization, DBOE Spot has reached a level of maturity that warrants its official launch.
On May 10, 2024we are proud to present our Next Generation Spot DEX, marking the start of a new era in decentralized commerce. Designed to provide traders with a secure, efficient and liquid marketplace for their digital assets, DBOE Spot embodies our commitment to innovation and user satisfaction.
At DBOE, we understand the importance of liquidity in ensuring a seamless trading experience for users. This is why we have put in place a robust dedicated market making mechanism, to provide liquidity 24/7. Additionally, we have strategic plans to further improve liquidity on our platform.
Several major motivations contributed to the success of DBOE Spot’s debut. First, the innovative design and architecture of our on-chain order book allows us to offer liquidity at scale while maintaining a high degree of compatibility with the traditional financial ecosystem (TradFi). Second, our dedicated market making functionality optimized capital requirements and costs for market makers and liquidity providers, creating a liquid market with tight spreads. Finally, our integration of industry-standard Chainlink price feeds ensures reliable pricing and helps protect the platform against foreground and other oracle manipulation attacks.
DBOE joins Chainlink BUILD
On April 26, 2024, DBOE had the pleasure of becoming a official member of Chainlink BUILD, a leading program designed to support both early-stage startups and established projects. This invitation-only initiative provides enhanced access to Chainlink’s key infrastructure and facilitates connections with a robust ecosystem.
As a derivatives DEX, DBOE relies heavily on industry-standard Chainlink price feeds, a critical component of our infrastructure stack. With improved access to Chainlink’s infrastructure through the BUILD program, we plan to strengthen our processes and expand our offerings to better serve our users.
Additionally, participation in the Chainlink ecosystem presents promising opportunities for closer collaboration, including access to industry standard protocols such as Chainlink CCIP. Future integration has the potential to expand our project’s offerings and facilitate multi-chain collateral functionality, improving the overall value proposition for our users.
Finally, we look forward to leveraging Chainlink’s ecosystem to build connections with various organizations, thereby accelerating the growth and development of our project.
DBOE expresses its sincere gratitude to our users, partners and supporters who have been an integral part of our success thus far. Together, we look forward to achieving even greater milestones and driving positive change in the decentralized finance landscape.
press contact
Name: Anne Vu – Public Relations
E-mail: [email protected]
Website: https://dboe.io/ | https://dboe.exchange/ | https://spot.dboe.exchange/
SOURCE: DeFi Board Options Exchange (DBOE)
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