👩‍🏫Overview

🔥Bitoro Network - OMNICHAIN LIQUIDITY on Our Native DEX Platform🔥

🔥Unlike other DEXs, Bitoro Network is built on our unique and powerful Liquidity Ecosystem Aggregator Engine. This allows our users to trade from a single margin account on any chain and access the same liquidity. Our traders can then access highly-fragmented liquidity across multiple on-chain markets (IBC, EVM and non-EVM blockchains). This seamless interoperability allows our DEX to provide traders with deep cross-chain liquidity, tight spreads, and highly-favorable asset prices.

Since Bitoro Network is OMNICHAIN, liquidity can be accessed seamlessly via:

• (LIVE) Ethereum, Arbitrum, Optimism, Base, Mantle, Avax, and SEI

• (COMING SOON) BitoroCore, Solana and more to come.

Built on the DeFi-specific BitoroCore L1 infrastructure, Bitoro Network is optimized for performance, speed, and security. It has an intuitive streamlined trading UX for exposure to:

• (LIVE) Perpetual contracts

• (COMING SOON) Spot markets, options markets, and prediction markets

New markets and instruments added to the Bitoro Network platform will be accessible through our existing unified dApp UX.

Staking $BTX also allows traders to benefit from substantial fee rebates on our native DEX (see $BTX Rewards for most current rebates).

🔥Decentralized Orderbook

Bitoro Network employs a decentralized orderbook with powerful built-in MEV resistance. This more effectively prevents manipulation and exploitative attacks on our traders, using:

• Fair Transaction Ordering: Randomized selection for the execution of transactions to prevent frontrunning

• Off-chain Matching: Trades are matched off-chain and submitted in a way that prevents front-running.

• Zero Mempool Visibility: By removing or abstracting away the mempool, traders’ intentions are not exposed to bad actors

• Atomic Settlement: Trades execute fully or not at all, reducing vulnerabilities to sandwiching or partial-fill attacks.

Bitoro Network’s orderbook is facilitated by Orderly Network. Orderly’s central limit order book trading infrastructure enables trades between users on different chains under a single order book. Integrating Orderly’s infrastructure ensures deep cross-chain liquidity, tight spreads, and favorable prices for traders on the Bitoro platform. This also allows us to easily cross-integrate with the 35+ other DEXs in Orderly’s ecosystem.

🔥What Are Perpetual Futures?

Perpetual futures contracts (perps), are a type of derivative that allow traders to speculate on the future price of an asset indefinitely. Traders don’t own or take delivery of the underlying asset in order to trade. Instead, traders buy and sell contracts which derive their value based on the spot market price of the underlying asset.

Long & Short Positions: Traders can take one of two positions in a perp contract:

• Long (buy): You believe the price of the underlying asset will increase, hoping to profit from buying the contract low and selling high

• Short (sell): You expect the price to decrease, aiming to profit from selling the contract high and buying back lower

Funding Rate: Unlike traditional futures contracts with a predetermined settlement date, perps are designed to mimic the spot price of the underlying asset as closely as possible through a mechanism known as the funding rate. The funding rate is periodically exchanged between long and short positions to anchor the perp price to the underlying asset’s market price. This mechanism incentivizes traders to take positions that reduce price discrepancies.

• When the perp trades at a premium to the spot price, longs pay shorts.

• When the perp trades at a discount, shorts pay longs.

Margin: The initial margin is the minimum capital required to open a position, like a security deposit. The maintenance margin is the minimum account balance needed to keep the position open.

Leverage: A unique aspect of perps is their ability to offer high leverage, enabling traders to amplify their potential gains (or losses) with a relatively small initial margin. However, this high leverage also introduces the risk of liquidation if the market moves against the trader’s position and the maintenance margin cannot be met. If the account balance falls below a certain threshold close to the maintenance margin due to adverse price movements, a margin call is triggered. If the trader fails to meet the margin call requirements in time, the position is forcibly closed in a liquidation event to prevent further losses.