San Francisco, California, September 11th, 2024,
Chainwire
Boba Network, a leading multichain layer-2 scaling
solution, integrates Lynx, a cutting-edge
Perpetuals Decentralized Exchange (DEX), on Boba Network Ethereum.
This partnership marks progress in the decentralized finance (DeFi)
landscape, introducing advanced trading solutions and cross-chain
functionality to an expanding ecosystem.
In celebration of Lynx’s launch on Boba-Ethereum, Lynx is
hosting a trading competition featuring its gasless Perpetuals DEX
with the potential for up to 100x leverage. Participants can
utilize $BOBA and $USDC as collateral to compete in weekly rounds
for a prize pool of 5,000 $BOBA. This competition highlights the
advanced capabilities of Lynx on the Boba platform and engages the
community in showcasing their trading skills, with new
opportunities to win starting each Monday.
Lynx features an intent-based order system that removes gas
costs, enabling users to submit signed messages that express their
trading intentions. These are processed onchain by a network of
bots. Additionally, Lynx offers a white-label solution that allows
protocols to integrate its high-leverage trading platform into
their systems effortlessly, with Lynx overseeing all technical
support and maintenance.
Oren De Lange, Co-founder and CEO of Lynx: "Partnering
with Boba Network allows us to provide an omnichain trading
experience that removes barriers and lowers costs for our users.
This collaboration facilitates seamless interaction with our
platform across different blockchains, utilizing Boba's advanced
infrastructure to benefit both our user bases."
Alan Chiu, Co-founder and CEO of Boba Network, added:
"We are pleased to integrate Lynx into Boba Network. This
partnership leverages our scaling solutions and enables users on
various blockchains to conduct flexible and efficient trading,
enhancing the capabilities within the DeFi sector."
Boba Network remains committed to advancing blockchain
technology. Features such as HybridCompute™ technology, a
decentralized, verifiable random function (DVRF), and account
abstraction continue to enhance the functionality of decentralized
applications and affirm Boba Network’s role in supporting the
digital economy's infrastructure.
About Lynx
Lynx is a gasless Perpetuals DEX for trading crypto, forex, and
commodity perpetuals using any token as collateral. By eliminating
the price volatility risk from the collateral asset, Lynx empowers
traders to collateralize any token—from governance tokens to meme
coins—as effectively as a stablecoin. Currently, Lynx supports over
23 unique collateral options across 8 chains and is actively
onboarding partners to bring new utility to all tokens in the
crypto space.
About Boba Network
Boba Network is an optimistic-based multichain layer-2 scaling
solution that aims to unlock the potential of roll-up technology
and enable more flexible blockchain communication. The protocol is
fully compatible with EVM-based tools and has already deployed
multichain support for Ethereum, and BNB, supporting lightning-fast
transactions and fees anywhere from 40-100X less than the
respective layer-1. Boba Network is powered by HybridCompute™
technology that brings the power of Web2 on-chain, with smarter
smart contracts that allow visionary developers to leverage
off-chain compute and real-world data to build hybrid dapps that
connect people to the future of blockchain applications.
Contact
Marketing
Manager
Gian
Kim
Enya
Labs
marketing@enya.ai
