Bitoro launches sustainable futures on injectable protocol

Bitoro, a decentralized perpetual futures trading network, announced on June 13 that it has launched a trading protocol on the Injective network, a decentralized blockchain focused on Web3 financial solutions.

The perpetual futures trading protocol is available on the Avalanche network, Arbitrum, Optimism, Mantle and Base in addition to Injective's De-Fi central ecosystem.

Brian Purcell, co-founder and CEO of Bitoro, said after the deal that the protocol is “an important milestone for the protocol as it looks to expand.” [its] Decentralized marketing solutions. He further explained:

By leveraging Injective's robust infrastructure, we can offer our users faster, lower-cost transactions, while introducing advanced features such as institutional gateways and on-chain access for RWAs. This partnership not only enhances the capabilities of the platform but also greatly expands our reach.

Eric Chen, founder and CEO of Injectable Labs, also commented on the partnership. “Injective plug-and-play modules continue to empower developers to rapidly deploy developer apps,” said Chen Bitoro, who will be using the book on OnChain Sequence.

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What are continuous futures contracts?

Perpetual futures contracts differ from regular futures contracts in several ways, but the main distinguishing feature of these futures contracts is that they do not have expiration dates, unlike traditional futures contracts. A trader with a fixed position can keep it open indefinitely as long as they meet the required profit margin.

In addition, perpetual futures contracts are settled in cash, unlike traditional futures contracts that can settle the contract on the delivery of an underlying commodity such as wheat or oil.

The role of eternal future

Perpetual futures contracts are designed to stabilize markets and trade at prices similar to current market prices. This rate stabilization is achieved through a concept known as the funding rate.

A fund's rate is a recurring exchange rate between buyers (long) and sellers (short) of the difference between the current market price of the asset and the perpetual futures contract.

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