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Spin (SPFI)

IDO

Last updated: Jun 26, 2023

Spin is a multichain DEX that makes decentralized crypto futures and options trading more efficient by providing traders with advanced risk management and strategy-building tools as well as a superior Central Limit Order Book order execution model.

Seed Round: $3.75M

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Overview

Project industry	Exchanges & Wallets
Product type	Platform
Whitepaper	Open

Bounty

What is Spin

Spin aims to offer DeFi users a CEX-competitive user experience with no compromise on user experience, security, speed, transparency, and trading costs. We combined the best of the CeFi and DeFi worlds to build an advanced 360° decentralized trading platform offering users a wide range of trading and investment instruments including:

Spot trading: Trade on spot using multiple order types, enjoy ~3 times lower trading fees compared to AMM DEXes, instant trade execution speed, and deep liquidity.
Instant swaps: Use the cheapness, liquidity, and speed of spot trading to make AMM-like instant swaps.
Perpetual Futures: Perpetuals are a powerful derivatives instrument that allows you to extract yields on any market and use capital more efficiently thanks to up to x10 leverage.
SOON: Automated Investment Products (AIPs): AIPs use the Spin infrastructure: Spot, Perpetual Futures, and Options, – to offer users one-button Risk / Reward optimized strategies with a very simple user flow.