OKX Ventures opt for investing in Rage Trade
OKX Ventures, which is the investment wing of the absolute top-of-the-line crypto exchange and Web3 technology organization OKX, has gone into carrying out investment in Rage Trade. This is a double-legged trading protocol that exists on the Ethereum, as well as Arbitrum mainnet. The entity provides the opportunity for users to be able to trade ETH perpetual swaps having 10X usage.
The protocol works towards creating mostly liquid and simply omni-chain ETH prep, which is boosted by UNI v3. The prime products the entity carries are the ETH perpetual swap, as well as the omnichain recycled liquidity and yield, creating 80-20 vaults.
According to the Founder of OKX Ventures, Dora Yue, they are glad of the opportunity of making an investment in Rage Trade. In her viewpoint, the entity is actively involved in providing a top delta-neutral method that will benefit GLP users in matters pertaining to the management of price fluctuation-related factors. Along with that, there is the about-to-be-introduced v2 version of Rage Trade’s perpetual contract, which will turn out to be a big asset in the decentralized derivatives market.
OKX, as a company, is a global leader in technology and is involved in the creation of further enhancements on Web3. Its crypto exchange is the second in line in the world in terms of trading volume. The entity’s top self-custody solutions consist of the Web3 adaptable OKX Wallet, which provides the option for users to be able to gain further control of their assets and simultaneously get connected to DEX, as well as NFT marketplaces, DeFi, GameFi, and an enormous number of dApps. It has successfully formed collaborations with multiple prime brands and athletes like the English Premier League, the Tribeca Festival, and many others.
OKX Ventures, on its own part, is involved in scouring the top blockchain projects globally and backs new-age blockchain technology creation. It is also actively engaged in furthering the robust development of the world blockchain industry, along with carrying out investments wherever it deems fit.