The developers of the DeFi protocol Hxro, which is based on the Solana blockchain, have just launched a decentralized platform in beta mode that supports trading of perpetual swaps and futures backed by the stablecoin USDC.
The trading of Bitcoin-based contracts with weekly, monthly and quarterly maturity is available to several whitelisted companies and individuals.
The project intends to launch Ethereum and Solana-based derivatives in the coming weeks.
The developers hope to involve several companies in testing complex trading strategies.
Dan Gansberg, founder of Hxro, has said the decentralized platform provides a high level of transparency, as well as risk management tools that are not available in traditional markets.
He has added:
"Even in some of the most advanced systems in the centralized world, you still have a centralized point of failure."
