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Average Ratings 0 Ratings

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ease
features
design
support

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Description

Borabora is a decentralized derivatives protocol that offers traders the ability to open long or short positions with exceptional features, including zero price impact, up to 50x buying power, zero spread on blue-chip assets, and no counterparty risks. With Borabora, traders can enjoy seamless execution with minimal costs, taking advantage of optimal liquidity conditions. The platform provides the flexibility to open leveraged positions of up to 50x without worrying about price slippage. For liquidity providers, Borabora offers a unique opportunity to supply liquidity and receive LP tokens in return, which can be staked to earn income from the protocol, along with additional rewards. The platform is currently live on BNB Chain and plans to expand to other blockchains in the future. By leveraging aggregated liquidity, Borabora ensures efficient trading for users while maintaining a low-cost structure and providing liquidity providers with attractive incentives.

Description

Even with the inherently decentralized structure of cryptocurrency, centralized derivatives exchanges continue to hold a significant advantage due to their speed, familiarity, and reliability. Currently, the trading experience on decentralized exchanges (DEXs) does not quite reach that level of efficiency. Issues such as high slippage for large transactions, exorbitant gas fees for cross-platform fund transfers, and insufficient liquidity resulting in unfavorable pricing are prevalent. Drift aims to revolutionize this by offering a sophisticated, trader-focused experience akin to that of centralized exchanges, but within a decentralized framework. Our team comprises skilled traders and developers hailing from both DeFi and conventional finance, collaborating to turn this vision into reality. Leveraging the low-latency capabilities of Solana's blockchain, Drift allows users to manage multiple positions with a single pool of collateral. This means immediate liquidity upon listing and the ability to execute trades instantly. When engaging with Drift’s virtual Automated Market Maker (vAMM), users can confidently see the exact price at which their transactions occur, ensuring transparency and efficiency in trading. Ultimately, this represents a significant step toward bridging the gap between centralized and decentralized trading environments.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

Integrations

BNB Smart Chain (BSC)
Coin98
Flows
MathWallet
MetaMask
SafePal
Solana
TokenPocket
Trust Wallet
WalletConnect

Integrations

BNB Smart Chain (BSC)
Coin98
Flows
MathWallet
MetaMask
SafePal
Solana
TokenPocket
Trust Wallet
WalletConnect

Pricing Details

No price information available.
Free Trial
Free Version

Pricing Details

No price information available.
Free Trial
Free Version

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Vendor Details

Company Name

Borabora DEX

Founded

2022

Country

Singapore

Website

borabora.ooo/

Vendor Details

Company Name

Drift Protocol

Founded

2021

Website

www.drift.trade/

Alternatives

Alternatives

Drift Reviews

Drift

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