Layer 1 public chain Vega Protocol launches its first on-chain futures market after its alpha mainnet launch

2023-05-24 09:58:44BlockBeatsShare to:

BlockBeats news, on May 24, according to The Block, Vega Protocol, a Layer 1 blockchain focused on derivatives trading, launched its first on-chain futures market after its alpha mainnet launch on May 10, and the community voted to approve its futures market. A proposal to open an interoperable cross-chain bridge with Ethereum. The network currently only supports cash-settled futures markets, with plans to add spot, perpetual, and other types of markets in future stages. In addition to the transaction function, the core team also plans to launch a browser wallet. In addition, the team plans to integrate a software function called Wendy, which aims to provide miner extractable value (MEV) protection for on-chain traders. It is reported that the Vega core team released a white paper in 2018 and completed a US$5 million seed round of financing led by Pantera Capital in 2019; in 2021, the team will conduct community Token sales on CoinList, raising US$43 million.

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