The new network powers Ondo's recently-launched perpetual futures platform and will eventually support trading across onchain financial assets. Ondo Finance has abandoned plans for a traditional layer-1 blockchain and instead launched Ondo Network, a trading platform it says is better suited to institutional needs. The first application, Ondo Perps, will let users trade perpetual futures using tokenized assets as collateral, separating fast, private trade execution from settlement on publi…
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