What is BlueSpade?
Last updated
Last updated
Bluespade is a decentralised perpetual exchange that allows users to trade leveraged positions with low fees and zero price impact, whilst having the peace of mind that all trades and collateral are stored transparently on-chain.
Whilst we understand that Perpetuals are indeed a major form of innovation in the space, we also recognise that many of such perpetual contracts are being traded on centralised exchanges, many of which may not be transparent with usage of funds. The team is a strong believer of decentralisation and transparency and with the vision of bringing perpetuals on-chain, Bluespade was born.
How Does BlueSpade Works?
Trading on BlueSpade works as per any Perpetual exchange. Trades are initiated with the user’s collateral deposited in a single asset pool (USDC). One USDC is equivalent to 1 BLP, known as the Bluespade Liquidity Pool. The BLP pool earns 50% of the total fees collected by Bluespade.
Pricing on our exchange is supported by various price feeds from large exchanges, as well an on-chain prices - this is done with the goal to prevent manipulation and ensure accurate pricing is achieved.
