Orderly is a permissionless, decentralized exchange protocol and modular ecosystem built on top of NEAR. It uses an on-chain order book to provide a platform complete with a risk engine, matching engine, and shared asset pools for decentralized applications(dApps) to build on top of.
dApps built on the Orderly will allow for financial instruments such as:
- Spot Trading
- Margin Trading
- Perpetual Swaps
- Lending and Borrowing
There are many added features Orderly provides in comparison to Centralized exchanges and on-chain derivatives exchanges. Our infrastructure will provide:
- Highest throughput + lowest latency in DeFi
- Low fees and tight spreads
- Access to deep, aggregated liquidity from DeFi and CeFi platforms
- Platform-wide community pool
How Does it Work?
Orderly uses an on-chain order book built for composability. This provides a platform for modular dApps to utilize and build on. Professional market-makers ensure ample liquidity for the network at all times
NEAR x WOO
WOO and NEAR can help push DEX spot and derivatives markets by combining centralized orderbook efficiency with on-chain settlement. The Orderly Network will offer market-leading order execution with low latency and minimal fees at scale.
What is WOO DEX?
WOO DEX is the first dApp built on top of the Orderly Network that you can buy, sell, deposit, and withdrawal crypto currencies in a decentralized environment.
Please check out How to create an WOO DEX account and start trading on WOO DEX with test USDC!