Orderly Network Joins Forces with Quickswap to Launch QuickPerps: Falkor on Polygon PoS
Orderly Network Partners with Quickswap to Launch QuickPerps: Falkor on Polygon PoS
New York, USA – May 23, 2024 – Orderly Network has announced a strategic partnership with Quickswap, the leading decentralized exchange (DEX) across all Polygon chains, to introduce QuickPerps: Falkor, a pioneering decentralized Perpetual Exchange. This collaboration brings forth unprecedented functionality for DeFi traders on Polygon PoS, leveraging Orderly’s innovative omnichain vaults to offer several key advantages:
– **Enhanced Liquidity**: The integration of Orderly’s robust liquidity layer with Quickswap’s existing infrastructure facilitates leveraged trading with reduced spreads and slippage.
– **Easy Cross-Chain Trading**: Traders can now deposit, withdraw, and trade assets across all major EVM chains supported by Orderly directly from the Falkor vault, eliminating the need for asset bridging.
– **Zero-Gas Leveraged Trading**: Thanks to Orderly Network, leveraged trading within the vault on Polygon PoS is completely gas-free, capitalizing on the network’s rapid transaction speeds and low fees.
– **CEX-Like Experience**: Orderly’s Central Limit Order Book (CLOB) infrastructure offers a familiar orderbook interface, simplifying trading for both novices and experienced users.
– **Superior Order Controls**: The platform provides advanced options for managing risk, including limit orders, all within a user-friendly interface.
Arjun Arora, COO of Orderly Network, emphasized the partnership’s alignment with Orderly’s goal of empowering DEXs with CEX-level infrastructure, enhancing their functionality and performance. This integration also broadens QuickSwap’s product offerings, introducing perpetual futures on Polygon PoS for the first time.
Sameep Singhania, a Core Contributor at QuickSwap, highlighted the leap forward for QuickSwap and the DragonFi ecosystem through this partnership, offering users a premier leveraged trading experience with deep liquidity and a zero-gas fee structure.
Since its inception in 2022, Orderly Network has surpassed $38 billion in trading volume and integrated with leading decentralized exchanges, backed by notable investors such as Sequoia China and Pantera Capital. The partnership with Quickswap is seen as a significant stride for omnichain trading and DeFi on the Polygon PoS, praised for its quick network, affordability, and large user base, which is ideal for DeFi expansion.
Jack Melnick, Head of DeFi at Polygon Labs, lauded the integration of Orderly Network’s advanced perpetual trading system with Quickswap as a notable progression in DeFi on the Polygon PoS platform, highlighting the innovation of omnichain vaults in fostering a scalable and user-friendly DeFi ecosystem.
Orderly Network, known for its orderbook-based trading infrastructure combined with a liquidity layer offering both spot and perpetual futures orderbooks, operates at the core of the ecosystem, enabling the creation of trading applications with ease and efficiency. Looking ahead, Orderly aims to connect traders across all EVM and non-EVM chains within the same orderbook, heralding a new era in seamless and integrated DeFi trading experiences.
