DeGate Unveils Multi-Chain Swaps Letting Users Buy Any Token Without Bridging

DeGate has introduced multi-chain swaps, allowing users to buy any token without bridging, as part of its latest updates. DeGate unveils multichain swaps letting users expand their trading capabilities.

Introduction to DeGate's Multi-Chain Swaps

DeGate's on-chain trading platform has undergone significant updates, including the launch of perpetual contracts, dual-token deposits in Turbo Range, and the addition of Ondo's tokenized stock tokens through the Swap feature.

Perpetual Contracts and Leverage Trading

Key Features of Perps

• Allow users to take long or short positions with leverage on assets
• Powered by Hyperliquid, eliminating the need for a separate account
• Users can connect their wallet and start trading directly

This functionality represents a significant evolution of DeGate's product, shifting from a focus on yields toward a more complete on-chain trading proposition.

Turbo Range Improvements and Dual-Token Deposits

Turbo Range now supports dual-token deposits, allowing users to deposit both assets of a pair simultaneously when opening a position, without needing to convert one into the other beforehand.

Swap Feature and Tokenized Stock Tokens

DeGate has added support for Ondo's tokenized stock tokens and listed Ondo's silver token in Turbo Range, incorporating yet another real-world asset on which users can generate on-chain yields.

Key Takeaways

• DeGate introduces multi-chain swaps for seamless token trading
• Perpetual contracts offer leverage trading with Hyperliquid
• Turbo Range supports dual-token deposits for efficient trading
• DeGate expands its platform with tokenized stock tokens and real-world assets

Frequently Asked Questions

What are perpetual contracts on DeGate?

Perpetual contracts, or Perps, allow users to take long or short positions with leverage on assets, all within the same wallet.

How do dual-token deposits work in Turbo Range?

Dual-token deposits allow users to deposit both assets of a pair simultaneously when opening a position, without needing to convert one into the other beforehand, with the system automatically calculating the correct ratio.