What is DexToro?

By integrating with Synthetix Perps, DexToro provides traders access to various assets, including more than 50 trading pairs. With over $37 Billion in cumulative volume and thousands of unique traders, Synthetix is quickly becoming the go-to liquidity layer powering DeFi trading platforms like DexToro.

TLDR;

• DexToro, which leverages Synthetix liquidity, is on a mission to become the leading integrator for Synthetix Perps by trading volume. It offers an efficient, flexible, and cost-effective trading experience for users.
• DexToro enables traders to hedge, speculate, leverage trading strategies, capitalize on arbitrage, and diversify portfolios using on-chain perpetual futures.
• DexToro provides an intuitive CEX like interface, advanced charting tools integrated with TradingView, and a user-friendly platform for trading and managing on-chain derivatives.
• The DTORO token serves as the utility token, with investors in mind first, and a sophisticated inflationary and trading rewards tokenomics integrated into the token; this enables incentives to drive exponential growth within DexToro.
• DexToro's 2023/24 roadmap focuses on first launching live in mid-September, expanding capabilities, enhancing user experience, upgrading infrastructure, and focusing on growing to be the largest perp DEX in the world by volume.
• Upcoming features include on-chain social trading/copy trading and the ability to create and deploy your own grid bots and a native iOS app.
• Unique advantages include support for Synthetix Perps, our proprietary Smart Wallet, a broader asset range, social trading (under development), copy trading (under development), and the ability to create custom grid bots and deploy them (under development).

DeFi has seen a surge in demand for permissionless, on-chain low-fee trading protocols. DexToro anticipates to emerge as one of the largest & most popular choices amongst DeFi users, offering an efficient, flexible, and cost-effective trading experience. DexToro supports crypto, forex, stocks, and commodities with up to 50x buying power, zero slippage (due to our innovative architecture), no KYC, no registration, deep liquidity, and instant deposits/withdrawals.

How do traders use DexToro?

DexToro expects to be one of the go-to derivative products traders can use. DexToro will offer an efficient trading experience, allowing traders to implement various trading strategies such as:

• Hedging against market volatility:

DexToro enables traders to hedge their positions against market volatility by taking long or short positions on various assets. For instance, if a trader believes a particular asset's price is about to decline, they can open a short position using DexToro to protect their holdings.

• Taking positions on assets without holding them:

One of the primary benefits of DexToro is the ability to gain exposure to an asset's price movement without holding the asset. This enables traders to speculate on the price movements of cryptocurrencies, stocks, commodities, and forex markets without the need to own or manage them directly with immense capital efficiency, allowing traders to use up to 50x leverage.

• Leverage trading strategies:

DexToro allows traders to employ leverage in their trading strategies. Using leverage, traders can open positions larger than their available capital, potentially amplifying their gains or losses. This feature is helpful for experienced traders who understand the risks involved and wish to maximize their potential returns.

• Arbitrage opportunities:

Traders can utilize DexToro to capitalize on arbitrage opportunities. Arbitrage involves exploiting price discrepancies between different platforms for profit. A trader identifies an asset trading at a lower price on one platform and a higher price on another, profiting from the difference.

• Portfolio diversification:

Traders can use DexToro to diversify their portfolios by gaining exposure to a wide range of assets. By trading various perpetual contracts, traders can spread their risk across multiple assets, potentially reducing the impact of adverse market movements on their overall portfolio. Dextoro provides traders with a flexible and powerful trading platform to navigate the complexities of the DeFi ecosystem. Whether hedging against market volatility, taking positions without holding assets, or leveraging sophisticated trading strategies, DexToro offers a versatile solution for traders looking to capitalize on the opportunities presented by the ever-evolving world of decentralized finance.

What is DexToro?

DexToro is a decentralized derivatives trading platform offering 50x leverage for a limitless range of assets powered by Ethereum on the Optimism layer 2 blockchain. The creation and distribution of the DexToro token ($DTORO) will play a vital role in this process, supporting the growth and development of the DexToro ecosystem.

A DEX that feels like a CEX, remaining self-custodial.

Built by traders for traders, DexToro's user experience is tailored to provide traders with an intuitive interface to access decentralized derivatives. The platform design ensures that novice and experienced traders can easily navigate and utilize its features.

DexToro's trading interface is designed to feel like a CEX, without compromising on performance. Users can easily select the desired trading pair, input trade size, select leverage, and execute the trade with just a few clicks. DexToro displays essential information for each pair, such as available balance and current fees, ensuring traders have all the necessary information they need before executing a trade.

DexToro allows traders to monitor and manage their portfolio within the platform thanks to the innovative Smart Wallet. The bottom section displays the user's current holdings, including the value of each synthetic asset, the overall portfolio value, and the historical performance.

DTORO’s Tokenomics

DTORO is the utility token powering DexToro. DTORO was created with investors in mind first. It will have two primary functions: staking and governance. The governance aspect will enable token holders to have voting power to determine which assets we should list next and which features to roll out first and also suggest improvements in the form of proposals. DTORO will feature inflationary rewards in the form of weekly emissions, and a portion of those rewards are dedicated to stakers and also for trading rewards based on volume. The tokenomics will work in tandem with the trading volume & fees generated on the platform.

Exploring Rewards and Incentives: $DTORO and $OP Rewards

DexToro will offer a variety of incentives for its users, including both $DTORO and $OP rewards. These incentives aim to encourage user participation and growth within the platform.

The tokenomics we are going to deploy into the DTORO token will ensure that the market cap & token price increase as DexToro generates more trading fees from volume. Essentially the DTORO token will have “REAL” utility/use case, unlike many other DeFi utility tokens.

With the launch of DexToro, stakers will be able to earn $DTORO token rewards for staking and trading. Holders of liquid $DTORO tokens may also have the opportunity to earn incentives as liquidity providers. All these opportunities will be accessible from the DexToro dashboard, alongside other features available on DexToro.

It is worth noting that DexToro will provide additional rewards in the form of $DTORO tokens, setting it apart from other front-end integrations.

DexToro's Roadmap and Upcoming Features Q3-4 2023:

Read more in-depth about our roadmap.

Upgrading Infrastructure and Empowering the Community. DexToro plans to make significant updates to its platform in the coming quarters, focusing on various aspects of the system to improve its efficiency and performance.

The first major link we want you all to associate DexToro with is simply that we are dedicated to listing as many trading assets as possible. The primary reason why Binance, for example, was able to dominate the centralized crypto exchange industry is simply they listed as many coins as possible faster than any other exchange, and this ultimately led to traders switching over to Binance for good. At DexToro, we will list all your favorite meme coins & collect feedback on which tokens we should list, and we will swiftly deliver your coin listing requests.

In terms of infrastructure, DexToro is preparing to adopt Synthetix V3. This new solution will provide a more balanced liquidity management system, benefiting any entity engaged in developing derivatives liquidity. It will serve as a powerful infrastructure to help bootstrap operations.

The introduction of Delegated Trading is another significant step forward. This trading mechanism will enable profit sharing for copy trading or script trading, working in tandem with the custom on-chain grid bot. This new mechanism opens up fresh opportunities for traders to leverage successful strategies. The same way how current centralized exchanges offer “social trading” or being able to follow and copy all the trades of the top traders on our platform and easily create their own grid bots and deploy them in a matter of seconds.

Lastly, we are going to be the 1st DEX in the world to offer the ability to create custom grid bots and deploy them effortlessly. Imagine the same experience you get at Bybit or Kucoin, for example, with their custom grid bot deployments, now that same experience but "Decentralized”, full custody of your assets and all managed by our innovative Smart Wallet, which is essentially a proprietary smart contract wallet we developed. The new era of Decentralized Trading is upon us, and we are on a mission to lead the way.

DexToro's Unique Advantages

DexToro has already received positive feedback on our mission and what we are trying to achieve in the DeFi ecosystem by looking to offer advanced trading features, diverse assets, and a user-friendly interface. DexToro aims to further distinguish itself from other Synthetix Perps integrators by enhancing its platform and offerings.

DexToro is committed to working with Synthetix to expand the markets available for trading on its platform. Advanced features such as our proprietary Smart Wallet, new order types, and strategies will be introduced, allowing traders to use their collateral more efficiently and have greater control over their trading experience. This means that users can expect access to more popular assets in the coming months, providing them with a wide range of trading opportunities. These integrations will put DexToro in an ideal position to become the dominant player in the on-chain derivatives sector.

DexToro is preparing to establish itself as a leading integrator for Synthetix Perps, providing a powerful and user-friendly trading platform for the DeFi ecosystem. The continuous development of advanced trading features, an expanding range of assets, enhanced user experience, and a solid commitment to community involvement will set DexToro apart from other Synthetix Perps integrators. DexToro has set an ambitious roadmap for the years 2023 and 2024. The platform aims to enhance its offerings and become the preferred platform for traders who want to trade crypto Perps. DexToro is in an excellent position to play a crucial role in shaping the future of decentralized trading as the DeFi landscape evolves.

About DexToro

DexToro’s mission is to democratize access to financial opportunity. 

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Learn more at DexToro.com