The platform claims to be the first of its kind on BNB Chain and offers users a number of benefits and innovations.
MOR Perps, more perks
Growth DeFi has announced that it will launch MOR Perps, a new trading platform for perpetual futures contracts on the BNB chain. With a launch date of August 31, 2022, MOR Perps claims that it will be the first platform to offer users a no-slip platform that has no impact on price, among other benefits. Assets available at launch include BTC, ETH, and BNB, with commodities like gold and silver to follow soon.
MOR Perps trades are not only slippage free but are instant as they are based on LP/protocol and not order books. This provides users with a seamless experience as trades can be executed immediately instead of waiting for a matching order to be placed and the other side of the trade to be filled. Other incentives include VIP levels for holding affiliate tokens and trading competitions to reward users for using the platform.
What MOR Perps brings to users
MOR Perps aims to support cryptocurrency traders who would use MOR Perps for trading and hedging, and passive LPers who would deposit stables (BUSD or MOR stablecoin) into the counterparty pool to act as market makers. Acting as a counterparty earns users swap fees from the total trading volume that takes place on the platform.
Currently, Apollo X is the only other perpetual futures contract trading platform on the BNB chain for which PancakeSwap is a front end. In comparison, see the chart below for an overview of the benefits of using MOR Perps. “Growth DeFi is about innovation and meeting the needs of users and protocols. It naturally fits with our core values to build a perpetual futures platform on top of BNB Chain that offers users features that currently do not exist,” shared Ghost, the co-founder of Growth DeFi. “We’re excited to be able to offer this enhanced user experience not only to existing MOR users, but also as a means to onboard new users as they discover a better way to transact and trade.”
“Growth DeFi is about innovation and meeting the needs of users and protocols. It naturally fits with our core values to build a perpetual futures platform on top of BNB Chain that offers users features that currently do not exist,” shared Ghost, the co-founder of Growth DeFi. “We’re excited to be able to offer this enhanced user experience not only to existing MOR users, but also as a means to onboard new users as they discover a better way to transact and trade.”
MOR Perps will use contract asset prices using decentralized Chainlink oracles. Chainlink is a leader in Oracle price feeds due to its consistency and uptime.
What is growth DeFi:
Founded in 2020, Growth DeFi offers blockchain protocols and investors an advanced suite of products that help increase their capital efficiency. It created the first overcollateralized stablecoin, MOR, which is a fork of DAI that could be used to leverage yield farming positions in 2021. Later, Growth DeFi built a wrapped derivative of LiquidDriver’s token LQDR, dubbed cLQDR, which became the #1 holder LQDR locked just 3 months after launch.
For more information about MOR Perps, visit the official website.
If you have any questions, please contact:
- Ghost, co-founder of Growth DeFi
- [email protected]
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