The Future of Trading: Boba Network Integrates Lynx Perpetuals DEX, Offering up to 100x Leverage
Exciting news from the world of decentralized finance (DeFi) as Boba Network partners with Lynx to introduce advanced trading solutions and cross-chain functionality. The integration of Lynx’s cutting-edge Perpetuals DEX on Boba Network marks a significant milestone in the DeFi landscape.
To celebrate the launch of Lynx on Boba-Ethereum, a trading competition is being hosted with the opportunity for participants to trade with up to 100x leverage. With $BOBA and $USDC as collateral options, traders can compete in weekly rounds for a chance to win from a prize pool of 5,000 $BOBA. This competition showcases the innovative capabilities of Lynx on the Boba platform and encourages community engagement in trading skills, with new rounds starting every Monday.
Lynx’s unique intent-based order system eliminates gas costs, allowing users to express their trading intentions through signed messages processed onchain by a network of bots. Additionally, Lynx offers a white-label solution for easy integration of its high-leverage trading platform into protocols, with Lynx providing technical support and maintenance.
Oren De Lange, Co-founder and CEO of Lynx, expressed excitement about the partnership: “Partnering with Boba Network allows us to offer an omnichain trading experience that lowers costs for our users and removes barriers to seamless interaction across different blockchains.”
Alan Chiu, Co-founder and CEO of Boba Network, added: “We are delighted to integrate Lynx into Boba Network, leveraging our scaling solutions to enable efficient trading for users on various blockchains.”
Boba Network is dedicated to advancing blockchain technology through features like HybridCompute™ technology, a decentralized verifiable random function (DVRF), and account abstraction. These enhancements support decentralized applications and strengthen Boba Network’s role in the digital economy’s infrastructure.
About Lynx
Lynx is a gasless Perpetuals DEX for trading crypto, forex, and commodity perpetuals with any token as collateral. By mitigating price volatility risk from the collateral asset, Lynx allows traders to collateralize any token effectively. 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 crypto space.
About Boba Network
Boba Network is an optimistic-based multichain layer-2 scaling solution that leverages roll-up technology for flexible blockchain communication. With multichain support for Ethereum and BNB, Boba Network offers lightning-fast transactions and reduced fees compared to layer-1. Powered by HybridCompute™ technology, Boba Network enables developers to build hybrid dapps that connect people to the future of blockchain applications.
ContactMarketing ManagerGian KimEnya Labsmarketing@enya.ai