Orderly & amp; Ref Finance Collaborate to Introduce Perpetual Contracts on NEAR

Orderly Network an omnichain protocol and central limit order book (CLOB) provider has partnered with Ref Finance to launch perpetual contracts utilizing NEAR technology.

Ref Finance serves as an automated market maker and decentralized exchange strategically designed on the NEAR blockchain.

Perpetual contracts represent a form of derivative financial instruments specifically suited for cryptocurrency exchanges. Unlike standard spot trading, these contracts allow traders to speculate on price fluctuations of cryptocurrencies without the necessity of owning the actual assets.

Orderly Network asserts that its sophisticated off-chain oracle technology guarantees precise and timely pricing, creating a highly efficient trading atmosphere. Meanwhile, Ref Finance is preparing to unveil new features for Q3.

The Ref Finance team is gearing up to launch the Zap Function, designed to facilitate liquidity provisioning across various pools and optimize fund management. Additionally, they're addressing the rising demand for lending and borrowing solutions by adding features that allow users to leverage assets and earn interest.

In the upcoming quarter, both organizations plan to expand their partnership. Ref Finance is set to introduce the veTokenomic Model, with a focus on governance and incentivizing ongoing participation.

Beyond that, Orderly has exciting initiatives lined up, including multi-chain Perpetual Futures and EVM enhancements that echo Ref Finance’s ambition to foster connections with diverse blockchain ecosystems.

Orderly is expanding its capabilities with Polygon

In tandem with this news, Orderly has announced its partnership with Polygon. Decentralized applications (dApps) running on the Polygon network will be incorporated into a unified Central Limit Order Book (CLOB) that spans across blockchains, facilitated by Orderly's settlement infrastructure.

1/ANNOUNCING; our partnership with @0xPolygonLabs

Upcoming, Polygon dApps will connect with a shared CLOB across blockchain networks, thanks to Orderly's robust settlement framework.

Institutional-grade order book framework will soon be available for your chosen platform @0xPolygonLabs dApps pic.twitter.com/FniJKZSZD1

— Orderly Network (@OrderlyNetwork) September 22, 2023

Their launch aligns perfectly with the vision of Polygon Labs, which aims to establish a settlement layer for global value exchange. With a strong network, Polygon empowers dApp users to enjoy a distinctive cross-chain trading experience, as stated by Jack Melnick, DeFi Lead at Polygon Labs.

Orderly claims that its integration with Polygon's dApps brings several benefits. To start, it allows deposits from any blockchain through a single transaction. This shared order book generates concentrated liquidity, enhancing trading efficacy. Additionally, this integration simplifies the rollout of decentralized exchanges (DEXs) and helps in implementing perpetual contracts.

Orderly emphasizes that its adaptability covers both Web2 and Web3 integrations, providing cloud-based solutions and fiat gateways for user convenience. Ultimately, it boasts trading speeds on par with those of centralized exchanges (CEXs), promising a seamless and responsive trading experience.

On Sep 12, Orderly announced its Omnichain technology makes it possible for perpetual traders from multiple blockchain platforms such as Arbitrum, Optimism, Linea, Polygon, Scroll, Avalanche, and more, to conduct trading activities via a single order book.

This unification of trade actions is made achievable through cross-chain interactions enabled by LayerZero, with all settlements handled on Orderly’s dedicated Settlement Layer.