The Problem
The status quo of navigating the on-chain trading maze
Decentralized perpetuals trading platforms offer many benefits, but challenges persist:
Benefits:
๐ Transparency: All transactions are recorded on the blockchain.
๐ Control: Users maintain custody of their assets.
๐ Accessibility: Anyone with an internet connection can participate.
Challenges
๐คฏ Information Overload: The sheer volume of on-chain data can be overwhelming.
๐ญ Anonymity: Identifying successful on-chain traders is challenging due to the anonymity of wallet addresses, affecting knowledge transfer and mentorship
๐ง Complexity: Navigating the crypto market involves a steep learning curve, requiring time, effort, and expertise to understand market dynamics and develop effective trading strategies.
โฑ๏ธ Time Sensitivity: Opportunities can appear and disappear in minutes.
๐ข Emotional Bias: Fear, greed, and FOMO in the crypto space can lead to poor decision-making.
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