Place/Date: - June 6th, 2023 at 12:42 pm UTC · 3 min read
PancakeSwap, BNB chain’s first and most popular decentralized exchange, goes into GameFi and leverage. Tradecurve, a new project currently in presale, brings a new paradigm of trading to the world of DEXes and CEXes.
PancakeSwap, as an open-source platform, is the template for many DEXes, who are forks of the popular exchange. No-one seems to be able to top them in terms of popularity though, and on the PancakeSwap website they proudly state that over the last 30 days they have had “1.6 million users, 24 million trades, and $1.9 billion in TVL”. This checks out with info from Defilama, which shows that they are in the top 3 most popular DEXes on all chains.
Although CAKE had previously been on a downward trend, a recent proposal to aggressively increase burning rates seems to have done the trick, as CAKE is up by 12.6% over the last 7 days. Another factor that may be attracting users to PancakeSwap is their recent move into GameFi.
PancakeSwap have long been known for their innovative approach to DeFi, and have been doing price predictions and lottery games for several years. To date they have given away over a billion dollars in their games.
More recently they have just released a beta version of a Tokyo/Cyberpunk themed game called Pancake Protectors.
In the DeFi sphere, PancakeSwap continues to innovate, offering perpetual futures with up to 100x leverage. Users can long or short pairs such as BTC/USD and also forex pairs such as GBP/USD and EUR/USD.
There’s a new trailblazer on the block and the name is Tradecurve. Like PancakeSwap they are a decentralized exchange, offering leverage on forex and crypto pairs from 500:1. They also offer people the chance to trade things like commodities, bonds, US and European equity CFDs, options and more.
They also offer a very professional looking terminal with low latency execution for ultra fast trading, and all the other features you would expect from a fully fledged TradFi trading platform, but instead offered as DeFi.
By operating in the world of decentralized finance, Tradecurve aims to help those ranging from the unbanked to those who do not have access to such products due to regulatory issues, credit score issues or any of the other problems in TradFi. Another big bonus is that no KYC is required, saving time and effort, and protecting the anonymity of their users.
OTC derivatives are a fast growing market that rose to $632 trillion at the end of June 2022, up from $598 trillion at the end of 2021, according to the Bank for International Settlements. This means that there is great potential for what Tradecurve is offering.
Whilst there are various CEXes and DEXes offering some of the things that Tradecurve does, it seems that no-one is offering everything in one account, and very few decentralized platforms are coming close to what Tradecurve offers, even PancakeSwap.
Tradecurve is now in the third stage of its presale, with TCRV tokens on sale for $0.015. Stage 4 will see the price increase to $0.018, and eventually the project will go live for a minimum price of $0.088.
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