Introducing Mode Trade: A Revolutionary AI-Powered Perpetuals DEX
Launch of Mode Trade: An Innovative Perpetuals DEX
Mode has officially introduced its native perpetuals decentralized exchange (DEX), known as Mode Trade, powered by Orderly’s sophisticated trading infrastructure. This groundbreaking development signifies a pivotal moment for Layer 2 chains, as it showcases the capacity to integrate an entire trading platform directly within its framework.
A New Frontier in Trading Platforms
This launch is particularly notable because it represents the first instance of a Layer 2 platform implementing a vertical integration of a perpetuals exchange. By combining the user-centered design of Mode with the deep liquidity and back-end technologies provided by Orderly, Mode Trade is set to redefine the trading experience.
Embracing AI to Empower Traders
Chief Operating Officer of Orderly Network, Arjun Aurora, noted that Layer 2 chains are progressively becoming more involved in crafting their own trading solutions. He remarked that by leveraging the capabilities of Orderly’s infrastructure, Mode has been able to rapidly launch its platform while tapping into vast cross-chain liquidity right from the start.
Making Advanced Tools Accessible
In a highly unpredictable trading landscape, the gap between retail and institutional traders often widens significantly. Mode Trade aims to bridge this disconnect. With the integration of predictive AI, retail traders are equipped with cutting-edge insights and analytics that were once exclusive to major firms. This initiative is designed to provide everyday traders with the resources they need to remain competitive in the marketplace.
Nikita Monastyrskiy, Growth Lead at Mode, emphasized that the platform was developed to empower users to navigate through market fluctuations. By offering smarter insights and accessible educational tools, Mode Trade enables traders to make informed choices through straightforward commands.
Features of Mode Trade
The newly launched Mode Trade platform includes the AI Terminal, which simplifies trade execution and position management through text-based commands, alongside Synth—a decentralized forecasting tool built on Bittensor. This combination ensures that users can leverage predictive insights to enhance their trading efficiency.
High Leverage and Extensive Trading Options
Mode Trade is set to offer an extensive array of over 100 trading pairs with leverage of up to 50x. This feature is bolstered by deep liquidity and an advanced synthetic proactive market-making engine (sPMM) provided by Orderly, enhancing the overall trading experience.
Currently, the platform is operational for a select group of early users. Special AI features will be rolled out for Giga stakers possessing at least 400,000 veMODE. A larger whitelist for traders will be available shortly, fostering a broad user engagement with the innovative trading environment.
About Mode and Orderly
Mode represents a pioneering initiative within the Ethereum Layer 2 arena, focusing on merging artificial intelligence with decentralized finance (DeFi). Utilizing Optimism's OP Stack, Mode's vision is to scale DeFi to a massive user base through advanced on-chain agents and financial applications powered by AI. This approach not only aims for innovation but also targets inclusivity in finance.
On the other hand, Orderly serves as a crucial infrastructure that facilitates trading across various blockchains through a seamless liquidity layer that enhances trading opportunities globally. With robust liquidity channels spanning major networks, Orderly provides traders with access to diverse markets via a unified order book, ensuring a smooth trading experience.
Anabela Rea, PR Manager at Orderly, can be reached for further information via email. This announcement marks a significant milestone in the evolution of trading platforms and highlights the increasing role of AI in financial technology.
Frequently Asked Questions
What is Mode Trade?
Mode Trade is an innovative perpetuals decentralized exchange powered by Orderly’s trading infrastructure, designed to enhance trading for users with AI tools.
How does Mode Trade benefit retail traders?
Mode Trade integrates predictive AI analytics, enabling retail traders to access advanced trading tools and make informed decisions despite market volatility.
What types of trading pairs does Mode Trade offer?
The platform provides access to over 100 trading pairs with leverage options as high as 50x, catering to a diverse trading audience.
Who can access Mode Trade initially?
Currently, Mode Trade is live for early users, particularly Giga stakers holding 400,000 veMODE or more, with plans for a broader trader whitelist soon.
What is Orderly's role in Mode Trade?
Orderly provides the underlying infrastructure that allows Mode Trade to function effectively, offering deep liquidity and a unified trading system across various blockchains.
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