CoolWallet, recognized for its modern mix of {hardware} and software program in a mobile-first method to crypto wallets, is taking a major leap ahead by partnering with Orderly Community. This collaboration is ready to introduce a pioneering decentralized alternate (DEX) providing, specializing in perpetual contracts (perps) buying and selling immediately from the person’s pockets.
This transfer not solely expands CoolWallet’s capabilities past easy asset swaps but in addition marks its first enterprise into the world of perp DEXs, developed on the strong Orderly Community.
This integration leverages Orderly Community’s superior omnichain infrastructure, designed for permissionless Web3 buying and selling, to boost the buying and selling expertise for CoolWallet customers.
By combining the security measures of CoolWallet with the high-performance buying and selling framework of Orderly, customers are set to expertise a seamless and safe buying and selling atmosphere. This atmosphere mimics centralized exchanges (CEXs) however with the added advantages of on-chain transparency and self-custody of property.
Enhanced Buying and selling Expertise with New Options
The collaboration introduces a number of key options designed to optimize the buying and selling expertise for CoolWallet customers. One of many standout options is the flexibility to have interaction in built-in omnichain perps buying and selling.
Customers can now commerce perpetual contracts throughout a number of chains with as much as 50x leverage. That is facilitated by safe, cross-chain deposits and withdrawals with out the necessity for conventional bridging strategies, enhancing each the pace and safety of transactions.
Moreover, CoolWallet customers will profit from shared liquidity due to Orderly’s liquidity mannequin. This mannequin consolidates all orders right into a single orderbook, guaranteeing ample liquidity and tighter spreads throughout numerous property.
The partnership additionally brings CEX-like execution speeds to CoolWallet customers. Orderly Community’s infrastructure is optimized for low-latency and high-frequency buying and selling, permitting for fast execution of trades whereas sustaining the integrity of self-custody and on-chain operations.
We have partnered with @coolwallet!
CoolWallet is a credit score card-sized Bluetooth {hardware} pockets that seamlessly integrates {hardware} and software program with a mobile-first method.
300K+ CoolWallet prospects can quickly commerce Orderly perps immediately by way of their wallets! pic.twitter.com/lTwd2fcWxo
— Orderly Community (🟣,🟣) (@OrderlyNetwork) Might 20, 2024
Revolutionizing Crypto Buying and selling with Superior Infrastructure
By harnessing Orderly’s state-of-the-art omnichain infrastructure, CoolWallet can now provide its customers a sturdy platform to commerce perps with excessive leverage throughout a number of blockchains. This contains main EVM-compatible chains like Arbitrium, Polygon, Optimism, Base, and others.
The brand new DEX developed by way of this partnership will present CoolWallet customers with an orderbook-based buying and selling interface, enabling each spot and perpetual buying and selling with a CEX-like execution fashion fitted to superior merchants.
Michael Ou, CEO of CoolWallet, emphasised the importance of this partnership, stating that it permits them to supply a seamless and safe manner for customers to have interaction in high-leverage perps buying and selling throughout a number of blockchains. This units a brand new commonplace for on-chain buying and selling by combining top-tier safety, liquidity, and execution pace.
Furthermore, CoolWallet’s person base, which incorporates a number of giant crypto holders, will now be capable of do greater than fundamental swap features from their wallets. The introduction of seamless spot and perpetual buying and selling, with leverage of as much as 50x throughout a number of property, considerably enhances the utility of their holdings.
Along with offering advantages to customers, this partnership is ready to counterpoint the Orderly ecosystem as effectively. With over 300,000 energetic customers on CoolWallet, the mixing injects a considerable variety of whale holders into the Orderly ecosystem. This addition is predicted to spice up volumes throughout the board, enhancing the general efficiency of the orderbook DEX infrastructure.
Ran Yi, Co-founder of Orderly Community, highlighted the enchantment of Orderly’s orderbook interface for merchants who prioritize asset possession and safety. The synergy between CoolWallet’s concentrate on decentralization and asset safety and Orderly’s dedication to offering institutional-grade decentralized infrastructure guarantees a sturdy and seamless expertise for on-chain DeFi buying and selling.
