Sai’s New Perps DEX Offers ‘Clean, CEX-like Experience’ With Onchain Settlement

Sai has introduced the launch of Sai Perps, a perpetuals buying and selling platform designed to mix the accessibility of centralized exchanges with the transparency and self-custody of onchain settlement. The platform options gasless transactions, which Sai claims removes friction for merchants whereas sustaining full onchain safety.

“Onchain markets shouldn’t require merchants to compromise between pace and self-custody,” Sai contributor Matthias Darblade stated in an announcement shared with Decrypt. “Sai Perps is designed for energetic merchants who need a clear, CEX-like expertise, whereas nonetheless getting the transparency and settlement ensures that solely onchain infrastructure can present.”

Sai Perps presents a “streamlined buying and selling expertise” constructed atop smart contract ecosystem Nibiru, with onchain infrastructure that focuses on liquidity, threat methods and oracle design. Sai’s oracle settled pricing displays international markets, which it claims reduces rip-off wicks and “makes Sai really feel like a low slippage DEX even when liquidity seems gentle.”

Versatile collateral permits capital to be reused throughout positions, whereas Sai’s single asset vaults allow customers to earn a share of charges with out managing pairs, with collateral deposits of USDC or Nibiru’s Liquid Staked NIBI (stNIBI) token.

Let’s Go Saicho

To accompany the launch of Sai Perps, Sai has unveiled Let’s Go Saicho, a one-month onchain buying and selling competitors with a $25,000 prize pool. The competitors kicks off with a PNL contest for worthwhile merchants, operating from February 182 to March 4, with 50 winners sharing a $20,000 prize pool.

It’s adopted by a first-come, first-serve “Be Early” section operating from March 5 to March 19, which rewards merchants who “interact early and hit a minimal quantity threshold.” The second section of the competition will see 50 winners sharing a $5,000 prize pool.

Following the launch of Sai Perps, Sai’s future roadmap contains shares, commodities and FX markets, together with cross-chain deposits and Sai Financial savings, a yield on deposits function.