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Velocity Finance

Velocity Finance is a pioneering decentralized derivatives trading platform built on the Fuel Network. We aim to provide a fast, efficient, and cost-effective trading experience for users looking to engage in cryptocurrency derivatives trading.

Table of Contents

Overview

Velocity Finance is a pioneering decentralized derivatives trading platform built on the Fuel Network, designed to provide a fast, efficient, and cost-effective trading experience for cryptocurrency enthusiasts. As the Fuel Network approaches its mainnet launch, Velocity Finance aims to fill a significant gap in the ecosystem by introducing perpetual and futures markets, which are currently unavailable on the Fuel blockchain.

Our platform leverages advanced technology to facilitate seamless trading of multiple cryptocurrencies, including ETH, BTC, and SOL. By utilizing an off-chain order book, we ensure quick execution of trades while minimizing costs associated with on-chain transactions. This approach enables us to offer a competitive trading environment where users can capitalize on price movements without incurring high fees.

To maintain price accuracy, we integrate with the Pyth Oracle, providing real-time price feeds of assets directly within our smart contracts. This ensures that traders have access to the most up-to-date information when making trading decisions, thereby enhancing their overall trading experience.

Velocity Finance is built on the Fuel Network's high-speed and low-fee infrastructure, making it an ideal choice for traders seeking efficiency in the derivatives market. Looking ahead, we plan to expand our offerings by integrating Automated Market Maker (AMM) protocols, utilizing examples from Fuel Network contracts. This will further enhance liquidity and trading options for our users, solidifying our position as a key player in the DeFi space.

In summary, Velocity Finance is committed to empowering users with innovative trading solutions, robust security measures, and an open-source codebase that promotes transparency and community trust. As we continue to develop and grow, we invite traders, developers, and enthusiasts to join us on this exciting journey toward revolutionizing the decentralized derivatives market.

Demo

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Market Availability

  • Current Markets: ETH/USD, BTC/USD, SOL/USD
  • Future Expansion: Additional trading pairs and features based on user demand.

Features

  • Decentralized Trading: Engage in trading without intermediaries, enhancing privacy and control.
  • Efficient Order Execution: Off-chain order book for faster and cheaper transaction execution.
  • Real-Time Price Feeds: Integrated with Pyth Oracle for accurate asset pricing.
  • Multi-Token Support: Ability to trade derivatives of multiple cryptocurrencies.
  • Open Source Code: Our codebase is fully open source, promoting transparency and community trust.
  • Community Governance: Future plans to implement community-driven decision-making.

TechStack

  • Blockchain:

    • Fuel Network: Leveraging the high-speed and low-fee capabilities of the Fuel blockchain for efficient transaction processing.

  • Smart Contracts:

    • Sway: Utilizing Sway for smart contract development, enabling robust and secure trading functionalities.

  • Frontend:

    • React: Building a responsive and dynamic user interface using React.js.
    • Tailwind CSS: Employing Tailwind CSS for a modern and customizable design.

  • Backend:

    • Node.js: Utilizing Node.js for server-side operations and handling off-chain order book functionalities.
    • Express.js: Implementing Express.js to create a lightweight server for API development.
    • Redis: Using Redis for efficient caching and session management, enhancing performance and scalability.

  • Oracles:

    • Pyth Network: Integrating with Pyth for real-time, accurate price feeds to enhance trading decision-making.

Roadmap

At Velocity Finance, we are committed to continuous improvement and innovation. Our roadmap includes:

  • AMM Integration: Implementing Automated Market Maker (AMM) protocols to enhance liquidity and facilitate seamless trading experiences.

  • On-Chain Order Book Development: Developing an on-chain order book to improve transparency and trade execution.

  • Expansion of Derivatives: Introducing derivatives trading for additional cryptocurrencies, broadening our market offerings and catering to a wider audience.

We believe this roadmap positions Velocity Finance as a key player in the decentralized derivatives trading space, driving innovation and user satisfaction.

License

Velocity Finance is open-source software licensed under the GNU General Public License v3.0 (GPL-3.0).