We are thrilled to announce that Canto is now officially listed on Demex under their L1 category for perpetual contracts. This listing marks a another significant perpetuals partnership, providing our community with new trading opportunities and expanding our reach within the Cosmos ecosystem

About Demex and Perpetual Contracts

Demex is a decentralized exchange known for its innovative approach to trading derivatives and perpetual contracts. Perpetual contracts on Demex offer unique features such as perpetual expiration and a transparent fee structure, providing traders with the tools they need to navigate volatile markets effectively. The platform's perpetual liquidity pools facilitate liquidity provision with single-token deposits, ensuring a dynamic and efficient trading environment.

What This Means for Canto and Demex Users

The inclusion of Canto in Demex's L1 category for perpetual contracts allows traders to leverage up to 10x. A standout feature of this listing is Demex’s Perpetual Liquidity Pools, which use single-token deposits, typically Carbon Grouped USD (USDG), and a market-making strategy that places resting bids and asks around the oracle price to ensure competitive rates and sufficient yield for liquidity providers. This approach enhances trading efficiency and market depth by dynamically adjusting to market conditions and leveraging liquidity across multiple perpetual contracts.

Strengthening Our Cosmos Ecosystem Partnership

Demex + Canto is also a testament to one of the great benefits of Canto using the Cosmos SDK: partnership within the Cosmos ecosystem. By collaborating with Demex, a key player in the Cosmos network, we are reinforcing our commitment to interoperability and decentralized finance. Canto’s mission is to become the best execution layer for original work, and being an important ecosystem in both the EVM and the Cosmos ecosystem are crucial parts of this.

Conclusion

Canto on Demex for perpetuals is live as of today, and allows for up to 20x leverage for trading. It offers Canto traders new opportunities to leverage their positions and engage with the broader DeFi and Cosmos ecosystems. We are excited to continue to expand Canto’s accessibility and partnerships with those in the Cosmos ecosystem.

Stay tuned for more updates and join us on this exciting journey!

🔗 Learn how to trade on Demex here

🔗 Learn more about trading Canto on Demex

For further inquiries or support, feel free to reach out to our community channels. Thank you for your continued support and participation in the Canto ecosystem.