The world of cryptocurrency has certainly been through a lot in recent years. As it continues to grow, the industry is seeing many new entrants with unique ideas for how best to use blockchain technology. One of these projects comes from ClearDAO and its DeFi Derivatives Factory (SDT).
The “coinlore” is a tool that allows users to create their own cryptocurrency. It offers a list of all the available coins on KuCoin, as well as other exchanges.
Chainwire, 7 January 2022, Singapore, Singapore
CLH, ClearDAO’s project token, will be listed on KuCoin on January 7th at 13:00 UTC. Users of the exchange will be able to trade the CLH/USDT currency pair. The first KuCoin Spotlight project of 2022 is ClearDAO.
In seed and private sales, ClearDAO has raised $3 million. Huobi Ventures, LD Capital, KuCoin Labs, WOO Ventures, Gate.io, Redline DAO, VRM, StillWater Research, and others are among the strategic investors.
ClearDAO is creating a decentralized crypto derivatives factory that will give SDKs and tools to developers to help them construct crypto derivatives and markets faster. The project has finished developing templates for options, notes, perpetual futures, and CDS so far. The project is multi-blockchain, and it currently supports Ethereum, BSC, Solana, and Arbitrum.
In comparison to conventional finance, the crypto industry’s derivatives sector is still in its infancy. The following are the three primary annoyances:
- There is a scarcity of derivative diversity.
- There is no risk management.
- There are no derivatives available for new asset classes like NFTs.
ClearDAO expects that the market share of derivatives will grow in the near future as DeFi develops and institutions embrace crypto. ClearDAO is speeding the development of the derivatives business by allowing developers to construct customised derivatives and decreasing the barrier to entry.
At ClearDAO, the user experience is a top priority. A month ago, the project released a proof-of-concept barrier trading marketplace on numerous testnets. Over 3000 people have used the marketplace since then and offered comments. ClearDAO seeks to create a clean and straightforward user experience that allows users to make transactions effortlessly.
ClearDAO plans to release the Clear SDK v1.0 in Q1 2022, according to the project roadmap. In the same quarter, the project will launch a developer program to give technical help, cash, and marketing resources to prospective dev teams. The ClearDAO ecosystem will be made up of many derivatives exchanges managed by various teams that will provide customers with a wide range of derivative goods.
On KuCoin and Gate.io, the CLH/USDT trading pair is currently available.
What is ClearDAO?
ClearDAO is attacking the DeFi derivatives area by creating customisable derivatives infrastructure. The Clear SDK includes templates and tools that make it simple for developers and traders to construct options, notes, futures, and swaps, as well as markets for their trading. ClearDAO is powering a multi-chain environment in which member exchanges provide unique derivative goods.
– Visit the website at https://cleardao.com/.
– Follow Clear Dao on Twitter: https://twitter.com/clear dao
https://t.me/cleardao – Telegram: https://t.me/cleardao
— @clear dao on Medium (https://medium.com/@clear dao)
- [email protected]
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KuCoin is a cryptocurrency exchange that lists the “ClearDAO DeFi Derivatives Factory” on their platform. They are available for trading in the US, Canada, Australia, and Singapore. Reference: is kucoin available in the us.
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