As 2024 approaches, Orderly’s vision becomes clearer. Our mission is to provide a series of advanced trading functions for decentralized exchanges (DEX) and strive to surpass centralized exchanges (CEX) in terms of functionality. In the wave of the decentralized finance (DeFi) movement, we are building an ultimate trading platform to provide traders with a permissionless liquidity layer to make Web3 transactions more convenient and efficient.
Major upgrades for the first quarter of 2024
On February 5, 2024, we implemented a major upgrade, bringing a new trading experience to users. Here are a few key features we've implemented in Season 1:
1. Two take-profit and stop-loss (TP/SL) functions: We have enhanced the risk management function of the platform and launched the functions of complete/whole position take-profit and stop-loss and partial position take-profit and stop-loss. These features will enable traders to control risks more precisely, protect profits and limit losses, allowing traders to be more calm in market fluctuations.
2. Fee Structure Update: Our custom trading fee system has undergone an exciting update, now brokers can tailor their trading fee structure to their specific trading communities and strategies. This innovation makes the trading environment more personalized and breaks through the limitations of traditional standard fees.
3. Support for Polygon PoS: The Orderly platform now supports Polygon PoS, an Ethereum sidechain that combines speed, security and scalability. This integration paves the way for DEX on Polygon to enter the Orderly ecosystem, further improving the reach and efficiency of our network.
4. Smart contract transaction support: We have launched the "Delegated Signer" function to provide support for smart contract transactions. This feature allows smart contracts to sign transactions by specifying an externally owned account (EOA), allowing for more efficient transaction execution.
5. Decentralized liquidation mechanism: We have introduced a decentralized liquidation model to promote a fair and efficient position liquidation mechanism. This approach allows participants to participate in the liquidation process at a discount without having to sell in the order book, making liquidation opportunities more democratized on our platform.
Outlook for the second half of 2024
As 2024 progresses, we have many exciting features coming soon:
Open Source SDK: Orderly Network’s EVM SDK will be open source, providing developers with a powerful toolkit to build applications that interact seamlessly with our platform. This SDK will simplify access to REST and smart contracts, allowing developers to develop applications more efficiently.
Enhanced trading experience: We will continue to optimize the user interface and improve the trading experience so that every user can easily get started. Whether they are novices or experienced traders, they can find the functions they need on our platform.
Community-driven innovation: We are well aware of the power of the community and will continue to listen to user feedback and quickly adjust our products and services according to market needs and changes. This process will make our ecosystem more flexible and better able to meet the needs of our users.
Conclusion
In 2024, we look forward to growing together with every user who uses ORDER tokens. Orderly is not only a trading platform, but also an ecosystem full of opportunities and possibilities. As we continue to introduce new features and services, we believe that Orderly will become the platform of choice for Web3 transactions.
Let us embrace this exciting future together and contribute to the development of decentralized finance! For more details, please stay tuned to our official website and social media platforms.