Perp DEXs have been stealing the show lately, thanks to Aster. While this trend plays out, exotic derivatives may be lining up next.
We’ve been digging into a few platforms flying under the radar, some with tokens, some without.
Ollie has compiled a handy watchlist. Let’s dive in. 🔎
Boros - @boros_fi
Boros is more or less a futures platform for funding rates trading.
Instead of trading coins directly, you trade the “fees” people pay to hold crypto futures (like on BTC or ETH).
Built by @pendle_fi on @arbitrum, it smooths out the fee volatility so you can make more predictable plays on yields, with margin.
Ostium - @OstiumLabs
While you can use Ostium to trade perpetual futures, it goes beyond just crypto coins to include stocks, commodities, currencies, and indices.
Like Boros, Ostium is also on Arbitrum.
You can long or short real-world assets onchain without needing full collateral, so it’s like bringing Wall Street products into DeFi.
Perpdotfun - @perpdotfun
If you are wondering why Perpdotfun by @perenniallabs made it to our list, it’s simply because they’re bringing a fresh twist to trading perps.
Perpdotfun is a super-fast, low-fee platform for perpetual swaps, built as its own rollup on @base.
It pools liquidity across markets and makes trading perps on crypto assets feel smoother with a very different UI. Plus, it's cheaper than most DEXs.
Parcl - @Parcl
Imagine longing or shorting New York?
That is Parcl. It functions like fantasy investing for real estate.
Parcl runs on @solana and lets you trade perpetuals that track property prices in different cities.
Users can go long or short housing markets without ever buying a house or apartment.
Parcl might not be new, but we think it’s been pretty solid so far and can get some time in the sun real soon.
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