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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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.
DetailsRaised: 3,750,000 USD
LegalBlockchain Platform: Near Protocol
Registration year: 2021
Token infoTicker: SPFI
- Reward traders with Serum fees
- Portfolio Margin
- On-chain Order Book
- Seed round investments
- Freaky Elves NFT mint
- Partnerships: Ref Finance, Paras
- The first trading tournament on Spin
- BlockApex security audit
- $1,000,000 in total trading volumes
- Partnerships: Sender, NearPay
- Automated Investment Products (AIP)
- Covered Call DOV’s
- Batch Auctions
- Power perps
- Cash Secured Put DOV’s
- Multi-Collateral Contracts
- Structured Products
- Basis Trading
- IDO & Staking
- Everlasting options
- Crab strategy
- Market Maker Incentive Program
- Trader Incentive Program
- Floor perps
- DAO & Staking v2