Recently, many people have started trading traditional market varieties on Orderly, such as SPX500 and NAS100. In simple terms, it's about trading US stock indices on the blockchain.
First of all, the trading experience is really smooth. The interface and operation feel quite similar to centralized exchanges: it supports limit orders, market orders, take profit and stop loss orders, and you can use various assets as collateral, making it much easier to use than typical DeFi platforms.
What's even better is that the prices and liquidity are super stable. Orderly uses three independent data sources (Finage, Tradermade, Pragma) to set prices, taking the median, which helps prevent manipulation and keeps up with the real market trends. This is a big challenge in DeFi, and Orderly has done a great job solving it.
It supports 24/7 trading, so even when the US stock market is closed or on weekends, Orderly automatically activates price protection and liquidity alerts, allowing you to trade with peace of mind at any time, without worrying about the market going to sleep.
The gameplay has also been upgraded:
You can use USDC to directly trade perpetual contracts for SPX500 or NAS100 on-chain, with leverage up to 20 times, available year-round, and you don't have to rely on centralized exchanges.
In my opinion, this is the kind of style DeFi should have! It's not just about self-indulgence in the crypto space, but about bringing real-world markets onto the chain. Orderly is doing a great job, providing a level of stability that is reassuring!
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