Oval Protocol

The Next-Gen Cross-Chain Decentralized Protocol

In the past year, crypto derivatives volume has surpassed US$5 trillion, an increase of 98.1% YoY. As of October 2021, the current TVL of DeFi reached a milestone high of US$200 billion mark for the first time. With the growing usage and trade volume in Decentralized Exchanges (DEXs) within the crypto community, the demand for reliable DEXs has reached an all-time high.

Vision

With the expansion of the crypto-asset market and the increase in the number of exchange practitioners, the existing exchanges are no longer able to meet the needs of traders, and many problems are gradually revealed, such as problems with the order system, lagging and delays in placing orders when the market is big, internal trading based on data, credit problems, security problems, etc.

The trading industry needs a more professional, fair and transparent decentralized exchange to meet the needs of derivatives trading.

We believe that the development direction of DEX is not only to surpass CEX, but also to establish a decentralized derivatives protocol that can meet the needs of traders in all aspects, meet the needs of cross-chain DeFi, and completely surpass CEX, so that the industry can develop in a fairer way.

We always emphasize fairness, and that data asset positions are visible on the chain, not just visible to a few and used to manipulate the market.

We are committed to building the most powerful decentralized derivatives protocol on Binance Smart Chain to solve the problems like high transactions fees and low trading efficiency which happen in ETH network. Our goal is to provide users with faster and better trading experience.

Mechanism

To provide a low enough threshold for ordinary users to participate easily regardless of the amount of capital and save the high cost of the Ethernet GAS, so initially we chose the BSC network, and the technical members of the team spent a lot of time researching the Layer2 mechanism and finally completed the exploration of the order mechanism on the BSC network.

We created a millisecond-level order market through the off-chain and on-chain aggregation mechanism on the BSC network to meet the demand for timely aggregation of the lowest slippage at market price. As a decentralized derivatives exchange, liquidity is deservedly the most important. We have interfaced with a very large number of the cryptocurrency industry's preeminent API market makers to provide liquidity support as good as any exchange. Of course, the order book model is the superior trading model, so we will also support order book and limit order functions to meet the best trading experience for both traditional financial and general users.