Saros launches trading platform on Solana

On February 17, Saros launched a decentralized derivatives exchange (Saros Perpetual DEX), marking an important step forward in the Saros ecosystem.

The platform is designed to be a derivatives trading hub for professional traders, with the goal of putting users at the center of their futures trading activities.

According to the announcement, Saros Perpetual DEX is built on the Orderly Network platform, which aims to provide a decentralized trading environment for users with many features:

• Variety of trading pairs:Supports more than 100 token pairs.
• High Leverage:Up to 50x.
• Deep Liquidity: allows quick trading with minimal slippage.
• Fast support for new tokens.
• Referral program: allows users to earn passive income by inviting other people to join the platform. Users can receive 40% commission from transactions invited through their network.

According to Saros, the launch of Perp DEX on Solana was inspired by three main needs. First, Solana needs a high-quality platform that provides a seamless and reliable perpetual futures trading environment.

By leveraging Solana's technology and Orderly's infrastructure, Saros Perp DEX ensures users have complete control over their assets, while benefiting from a highly liquid market, minimizing slippage, and optimizing trade execution.

Second, the rapid rise of new tokens on Solana requires a Perp DEX capable of listing and supporting these assets in a timely manner. This ensures traders can access and take advantage of emerging opportunities without delay.

Finally, Saros sees a need for a second source of income for traders in Solana's decentralized ecosystem. The referral system of Saros Perp DEX was launched to solve this problem.

Saros (formerly Saros Finance) is a project developed on the Solana ecosystem that aims to provide a seamless experience for users in the DeFi world. The Saros suite of products includes: SarosSwap (AMM), SarosFarm (Liquidity Pool), SarosStake and SarosSnapshot.

SAROS tokens are core to value accumulation in the Saros Super Protocol vision. The utility of SAROS will also be enhanced through important integrations with strategic partners in the Solana ecosystem.