LP-Free Perpetuals Exchange Leverup Goes Live – Monad-Powered Trading Unleashed
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Decentralized finance just leveled up. Monad's new LP-free perpetuals exchange cuts out traditional liquidity providers—letting traders leverage positions without middlemen.
The mechanics? A novel oracle system bypasses centralized order books, using smart contracts to mirror market prices. No more waiting for LP approvals or worrying about slippage.
Early adopters are piling in, though skeptics note the 'degen leverage' irony: a system designed to democratize trading might just accelerate the next cascade liquidation. Typical crypto.