Aboard exchange is now live on Arbitrum One, making it the first order book decentralized derivatives protocol on Arbitrum Mainnet. With L2 solutions and the order book mechanism, the Aboard exchange becomes one of the most efficient exchanges that provide a smooth perpetual trading experience with low slippage and low trading costs. (No trading cost at the current stage.)
What is Aboard Protocol?
Aboard protocol includes an order book derivatives exchange and an advisory protocol. The exchange is now live on Arbiturm One. It is designed to be a full-variety, efficient, multi-functional platform that brings centralized trading experiences into the DeFi world. The advisory protocol is going live in 2022. It uses smart contracts to connect crypto investors with DeFi fund managers directly. The protocol will provide a platform for fund managers to create trading strategies and raise funds.
The Key Features of the Aboard Exchange
Aboard focuses on bringing a comprehensive trading experience. Therefore, key features of the exchange include a full suite of products, efficiency, and professional functions.
Aboard’s trading varieties include perpetual token futures, perpetual index futures, options, lending, and more. The exchange currently offers six pairs of token perpetuals and one index perpetual for trade. Token perpetuals include AAVE-USDC, BTC-USDC, ETH-USDC, LINK-USDC, SUSHI-USDC, UNI-USDC. The index perpetual is LCix-USDC which tracks the performance of BTC, ETH, and Binance Coin. Aboard is currently the only decentralized derivatives exchange that offers index perpetuals. In 2022, Aboard will have five indices/matching derivatives available. Upcoming indices are Metaverse Index, Infrastructure Index, Defi Index, NFT index, Public Chain Index. Aboard will also launch various option products with fixed maturity.
Combining the order book and L2 rollup solution allows Aboard to bootstrap most market trading volume. The order book is more suitable for most quantitative strategies as AMM suffers from impermanent loss, slippage, and low transaction speed. Also, market makers and professional investors who are used to centralized exchanges will find it is easier to transfer to a decentralized order book exchange. Aboard chooses Arbitrum as the L2 solution not only because it can reduce trading costs by more than 50X for most workloads but, more importantly, Arbitrum has a prosperous community that can bring considerable liquidity.
Aboard offers advanced order types and trading tools. Advanced order types will include trailing stop order, snap order, conditional order, and more. The trading toolbox is designed with professional investors in mind. Referring to centralized and traditional exchanges, Aboard’s currently offers book traders and a trading API. In 2022, the exchange will roll out a series of once “CEX-exclusive” tools that include but are not limited to risk controller, portfolio monitor, and chart trader.
How Aboard Advisory Protocol is Trying to Change the Future of the Crypto Asset Management Business
In traditional finance, regulators structure funds with numerous parties and strict barriers to prevent moral hazards and other risks. Though effective in reducing risks, the system dramatically increases fund managers’ and investors’ time and financial costs.
To break the cumbersome mold, Aboard will launch an advisory protocol that uses smart contracts to connect crypto investors with DeFi fund managers directly. The protocol provides a platform for fund managers to create trading strategies and investors to pick strategies in a transparent and immutable way. Investors and fund managers can establish ties by e-signing an investment management agreement without third parties or paying a custody fee. Rather than dealing with multiple parties, the management team can now dedicate more time to developing and monitoring investment strategies. On the other hand, since all terms are transparent and immutable, fund investors no longer need to worry about delusive legal terms or managers constantly updating the words to their favor. Such a system will significantly improve efficiencies in the asset management business.