In short
- Sai has introduced the launch of Sai Perps, a perpetuals buying and selling platform.
- The platform is designed to supply a “clear, CEX-like expertise,” with onchain settlement offering transparency and settlement ensures.
- Sai Perps launches alongside Let’s Go Saicho, a one-month onchain buying and selling competitors with a $25,000 prize pool.
Sai has introduced the launch of Sai Perps, a perpetuals buying and selling platform designed to mix the accessibility of centralized exchanges with the transparency and self-custody of onchain settlement. The platform options gasless transactions, which Sai claims removes friction for merchants whereas sustaining full onchain safety.
“Onchain markets shouldn’t require merchants to compromise between pace and self-custody,” Sai contributor Matthias Darblade mentioned in an announcement shared with Decrypt. “Sai Perps is designed for lively merchants who desire a clear, CEX-like expertise, whereas nonetheless getting the transparency and settlement ensures that solely onchain infrastructure can present.”
Sai Perps affords a “streamlined buying and selling expertise” constructed atop sensible contract ecosystem Nibiru, with onchain infrastructure that focuses on liquidity, threat techniques and oracle design. Sai’s oracle settled pricing displays international markets, which it claims reduces rip-off wicks and “makes Sai really feel like a low slippage DEX even when liquidity seems gentle.”
Versatile collateral allows capital to be reused throughout positions, whereas Sai’s single asset vaults allow customers to earn a share of charges with out managing pairs, with collateral deposits of USDC or Nibiru’s Liquid Staked NIBI (stNIBI) token.
Let’s Go Saicho
To accompany the launch of Sai Perps, Sai has unveiled Let’s Go Saicho, a one-month onchain buying and selling competitors with a $25,000 prize pool. The competitors kicks off with a PNL contest for worthwhile merchants, operating from February 182 to March 4, with 50 winners sharing a $20,000 prize pool.
It’s adopted by a first-come, first-serve “Be Early” part operating from March 5 to March 19, which rewards merchants who “have interaction early and hit a minimal quantity threshold.” The second part of the competition will see 50 winners sharing a $5,000 prize pool.
Following the launch of Sai Perps, Sai’s future roadmap consists of shares, commodities and FX markets, together with cross-chain deposits and Sai Financial savings, a yield on deposits characteristic.
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