San Francisco, California, September 11, 2024, Chainwire
Boba Network, a leading multi-chain Layer 2 scaling solution, integrates Lynx, a cutting-edge decentralized perpetual exchange (DEX), on Boba Network. This partnership marks a breakthrough in the decentralized finance (DeFi) landscape, introducing advanced trading solutions and cross-chain functionality to an expanding ecosystem.
To celebrate the launch of Lynx on Boba-Ethereum, Lynx is hosting a trading competition on its gas-free Perpetuals DEX with up to 100x leverage potential. Participants can use $BOBA and $USDC as collateral to compete in weekly rounds for a prize pool of $5,000 BOBA. This competition highlights Lynx’s advanced capabilities on the Boba platform and engages the community in showcasing their trading skills, with new opportunities to win starting every Monday.
Lynx features an intent-based order system that eliminates gas costs, allowing users to send signed messages expressing their trading intentions. These are processed on-chain by a botnet. Additionally, Lynx offers a white-label solution that allows protocols to integrate its high-leverage trading platform into their systems effortlessly, with Lynx overseeing all technical support and maintenance.
Oren De Lange, Co-Founder and CEO of Lynx: “Partnering with Boba Network allows us to offer an omni-chain trading experience that removes barriers and reduces costs for our users. This collaboration facilitates seamless interaction with our platform across different blockchains, utilizing Boba’s advanced infrastructure to benefit both user bases.”
Alan Chiu, Co-Founder and CEO of Boba Network, added: “We are delighted to integrate Lynx into Boba Network. This partnership leverages our scaling solutions and enables users across multiple blockchains to transact flexibly and efficiently, enhancing capabilities within the DeFi sector.”
Boba Network remains committed to advancing blockchain technology. Features such as HybridCompute™ technology, a decentralized verifiable random function (DVRF), and account abstraction continue to improve the functionality of decentralized applications and affirm Boba Network’s role in supporting the infrastructure of the digital economy.
About Lynx
Lynx is a gasless perpetual DEX for trading cryptocurrencies, currencies, and commodities perpetually using any token as collateral. By removing the risk of price volatility from the collateral asset, Lynx allows traders to use any token as collateral (from governance tokens to meme coins) as effectively as a stablecoin. Lynx currently supports over 23 unique collateral options across 8 chains and is actively onboarding partners to bring new utility to all tokens in the cryptocurrency space.
About Boba Network
Boba Network is an optimism-based Layer 2 multi-chain scaling solution that aims to unleash the potential of rollup technology and enable more flexible blockchain communication. The protocol is fully compatible with EVM-based tools and has already implemented multi-chain support for Ethereum and BNB, enabling ultra-fast transactions and fees 40-100x lower than those on the respective Layer 1. Boba Network is powered by HybridCompute™ technology that brings the power of Web2 on-chain, with smarter smart contracts that enable visionary developers to leverage off-chain computing and real-world data to build hybrid applications that connect people to the future of blockchain applications.
ContactMarketing ManagerGian KimEnya Laboratories[email protected]
This article was originally published on Chainwire
