Pear Protocol Launches Revolutionary Pair Trading Platform on Arbitrum: Backed by Leading VCs

London, UK, July 29th, 2024, Chainwire

Pear Protocol is excited to announce the official launch of its innovative pair trading platform, built on the Arbitrum blockchain. The platform, supported by notable investors such as Blockchain Founders Fund, Flow Ventures, and RNR Capital, is set to redefine the decentralized finance (DeFi) landscape by allowing pair trading with one click

Game-Changing Pair Trading

Pear Protocol stands out as the first platform allowing users to seamlessly execute pair trades. This means traders can now go long on one asset, such as Solana (SOL), while simultaneously shorting another, like Litecoin (LTC), all in a single, efficient transaction on-chain. This unique functionality allows users to capitalize on relative value movements between different assets, providing a powerful tool for sophisticated trading strategies.

Security and Trust

Security is paramount at Pear Protocol. Comprehensive audits have been successfully completed to ensure the platform's robustness and reliability. Earlier this year, Pear Protocol was also honored with a significant grant from the Arbitrum Foundation, further solidifying its position as a first of its kind protocol in the DeFi space.

Advancing to Version 2

Following a successful beta phase, Pear Protocol is thrilled to announce the imminent launch of Version 2. This new version introduces an intent-centric solver network, vastly expanding the platform's capabilities. This has been built in Collaboration with SYMM, pioneers of p2p bilateral contracts on-chain. Users will now be able to trade over 250+ assets in any combination with ease. For example, traders can now go long on Ethereum (ETH) while shorting high unlock, high fully diluted value (FDV) tokens like Worldcoin (WLD) in just one click. The platform provides comprehensive tools for charting, net funding, net profit and loss (PnL) calculations, making sophisticated trading strategies more accessible than ever.

Unmatched Innovation in DeFi

Pear Protocol’s groundbreaking technology offers a unique advantage that is not available on any centralized exchanges like Binance or OKX. This decentralized approach ensures greater transparency, security, and control for traders.

About Pear Protocol

Pear Protocol is a pioneering decentralized trading platform that leverages the power of the Arbitrum blockchain to provide innovative pair trading capabilities. Backed by leading venture capital firms and supported by the Arbitrum Foundation, Pear Protocol is committed to pushing the boundaries of what's possible in DeFi.

Users can stay informed about updates on the official website or follow Pear Protocol on Twitter (@pear_protocol).

Users can join Pear Protocol to celebrate the launch of Version 2 and experience the future of decentralized pair trading!

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This article was originally published on Chainwire

Source: Investing.com