⚖️ Introducing QuickPerps: Hydra

About QuickSwap's cutting-edge Hydra decentralised Perpetual Exchange on Polygon zkEVM.

Introduction

The future of decentralised perpetual trading is here.

Hydra is QuickSwap's flagship decentralised Perpetual Exchange built on Polygon zkEVM, leveraging Polygon's newest and promising infrastructure to provide unparalleled security, powerful scalability, and much more.

Hydra is designed to provide a vast range of trading features, deep liquidity, and a seamless UI/UX. allowing users to:

  • Trade perpetual swap contacts for cryptocurrencies, forex, and commodities with up to 100x leverage

  • Provide users with advanced order types for maximum versability, including Limit / Stop, Stop Loss, Take Profit, Trailing Stop, Reduce Only, and Protect Order

QuickPerps is on its mission to become a leader on Polygon zkEVM, maintaining the ethos of decentralisation and self custody for crypto users. Permissionless leverage trading at its finest.

  • 3 Asset Classes: Features a perp aggregator where users can leverage trade across 3 different asset classes (crypto, forex, and commodities)

  • Higher Leverage: Trade with up to 100x leverage with all possible order types (stop loss, take profit, reduce only) and an innovative trailing stop loss feature

  • Optimised for LPs: The perp DEX mechanism allows for individual pools to exist on each chain for each collateral asset, enabling asset isolation, payouts, and the possibility to manage open interest. Moreover, LPs can better manage their risk and optimise their ROI that has the potential to draw in more liquidity and benefit all LPs and traders

  • Chain Abstraction Mechanism: Efficiently settles orders by selecting the most favourable route and rate for each trade (more information below)

  • Faster Trades & High Liquidity: Traders benefit from faster transaction execution times and deep liquidity for open interest when creating leverage positions

  • Guaranteed Price Execution: When opening or closing trades, there will be a guaranteed price execution, regardless of what happens on the chain (i.e. reorgs, slow RPC response times)

  • QUICK As Collateral: The QUICK token will be able to be used as collateral, giving it an extra use case/utility while also enabling a 15% discount on trading fees for users.

  • Collateral Flexibility: Users can settle and trade in their preferred collateral asset, versus the existing version where this was limited

  • Improved UI/UX: Enjoy a faster, smoother, and more seamless trading experience with a new user interface

  • Powerful Oracle Solutions: Reliable price feeds to optimise on-chain trades that will be sourced (currently in the exploration phase) from major oracle providers - Chainlink, Pyth, and API3

Audits and Security: The perp DEX’s smart contracts have been audited by a top-tier blockchain auditing firm both Hacken and Protofire, plus are also being consistently monitored by Hypernative Labs to maintain the utmost security for users

With QuickPerps, QuickSwap aims to deliver a professional trading experience for users who seek a completely decentralized approach to trading, with an exciting and intuitive UI/UX.

Next🔄 Trading Guide

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