DBOE Officially Launches Next-Gen Spot DEX and Joins Chainlink BUILD Program

SINGAPORE / May 10, 2024 / DeFi Board Options Exchange (DBOE) is thrilled to announce two significant milestones aimed at enhancing its ecosystem and empowering users worldwide. These developments include the launch of DBOE’s Next-Generation Spot DEX and the participation in the industry-standard Chainlink BUILD program.

DBOE Launches the Next-Gen Spot DEX with the Innovative On-Chain Order Book

With a clear vision to build the future of public market infrastructure, DBOE achieved a significant milestone with the successful launch of its Options DEX in July 2023, garnering widespread praise from the community. Building on this success, DBOE has progressed with the public beta version of its Spot DEX over the past four months. After undergoing rigorous testing and optimization, DBOE Spot has reached a level of maturity that warrants its official launch.

On May 10, 2024, we proudly introduced our Next-Generation Spot DEX, marking the beginning of a new era in decentralised trading. Designed to provide traders with a secure, efficient, and liquid marketplace for their digital assets, DBOE Spot embodies our commitment to innovation and user satisfaction.

At DBOE, we understand the importance of liquidity in ensuring a seamless trading experience for users. That’s why we have developed a robust Dedicated Market Making mechanism in place, to provide liquidity 24/7. Additionally, we have strategic plans to further enhance liquidity on our platform.

Several major motives have contributed to DBOE Spot’s successful debut. Firstly, our innovative On-Chain Order Book design and architecture enable us to offer liquidity at scale while maintaining a high degree of compatibility with the traditional finance (TradFi) ecosystem. Secondly, our Dedicated Market Making functionality optimised capital requirements and costs for market makers and liquidity providers, resulting in a liquid market with tight spreads. Lastly, our integration of the industry-standard Chainlink Price Feeds ensures reliable pricing and helps safeguard the platform from frontrunning and other oracle manipulation attacks.

DBOE Joins Chainlink BUILD

On April 26, 2024, DBOE was pleased to become an official member of Chainlink BUILD, a leading program designed to support both early-stage startups and established projects. This invite-only initiative grants enhanced access to Chainlink’s key infrastructure and facilitates connections with a robust ecosystem.

As a derivatives DEX, DBOE relies heavily on the industry-standard Chainlink Price Feeds, a critical component of our infrastructure stack. Through enhanced access to Chainlink’s infrastructure via the BUILD program, we anticipate strengthening our processes and expanding our offerings to better serve our users.

Additionally, participation in Chainlink’s ecosystem presents promising opportunities for closer collaboration, particularly through access to industry-standard protocols such as Chainlink CCIP. Future integration has the potential to broaden our project’s offerings and facilitate multi-chain collateral functionality, enhancing the overall value proposition for our users.

Lastly, we look forward to leveraging Chainlink’s ecosystem to forge connections with a variety of organisations, further accelerating our project’s growth and development.

DBOE extends our heartfelt gratitude to our users, partners, and supporters who have been integral to our success thus far. Together, we look forward to achieving even greater milestones and driving positive change in the decentralised finance landscape.

Press Contact

Name: Anne Vu – Public Relations
Email: inbox@dboe.io
Website: https://dboe.io/ | https://dboe.exchange/ | https://spot.dboe.exchange/

SOURCE: DeFi Board Options Exchange (DBOE)