London, UK, July 29th, 2024,
Chainwire
Pear Protocol is excited to announce the official
launch of its innovative pair trading platform, built on the
Arbitrum blockchain. The platform, supported by notable investors
such as Blockchain Founders Fund, Flow Ventures, and RNR Capital,
is set to redefine the decentralized finance (DeFi) landscape by
allowing pair trading with one click
Game-Changing Pair Trading
Pear Protocol stands out as the first platform allowing users to
seamlessly execute pair trades. This means traders can now go long
on one asset, such as Solana (SOL), while simultaneously shorting
another, like Litecoin (LTC), all in a single, efficient
transaction on-chain. This unique functionality allows users to
capitalize on relative value movements between different assets,
providing a powerful tool for sophisticated trading strategies.
Security and Trust
Security is paramount at Pear Protocol. Comprehensive audits
have been successfully completed to ensure the platform's
robustness and reliability. Earlier this year, Pear Protocol was
also honored with a significant grant from the Arbitrum Foundation,
further solidifying its position as a first of its kind protocol in
the DeFi space.
Advancing to Version 2
Following a successful beta phase, Pear Protocol is thrilled to
announce the imminent launch of Version 2. This new version
introduces an intent-centric solver network, vastly expanding the
platform's capabilities. This has been built in Collaboration with
SYMM, pioneers of p2p bilateral contracts on-chain. Users will now
be able to trade over 250+ assets in any combination with ease. For
example, traders can now go long on Ethereum (ETH) while shorting
high unlock, high fully diluted value (FDV) tokens like Worldcoin
(WLD) in just one click. The platform provides comprehensive tools
for charting, net funding, net profit and loss (PnL) calculations,
making sophisticated trading strategies more accessible than
ever.
Unmatched Innovation in DeFi
Pear Protocol’s groundbreaking technology offers a unique
advantage that is not available on any centralized exchanges like
Binance or OKX. This decentralized approach ensures greater
transparency, security, and control for traders.
About Pear Protocol
Pear Protocol is a pioneering decentralized trading
platform that leverages the power of the Arbitrum blockchain to
provide innovative pair trading capabilities. Backed by leading
venture capital firms and supported by the Arbitrum Foundation,
Pear Protocol is committed to pushing the boundaries of what's
possible in DeFi.
Users can stay informed about updates on the official website or follow Pear Protocol on Twitter
(@pear_protocol).
Users can join Pear Protocol to celebrate the launch of
Version 2 and experience the future of decentralized pair
trading!
Contact
Co-Founder
Huf
Pear
Protocol
huf@pearprotocol.io