Cryptocurrency options exchange Coincall announced a strategic partnership with SOFA.org, enabling traders to bridge their trading positions between CeFi and DeFi.
Coincall, a rapidly growing cryptocurrency options exchange, offers a wide range of BTC, ETH options, as well as over 10 altcoin options and perpetual contracts, including SOL, KAS, and ORDI.
SOFA.org is an open-source and non-profit decentralized autonomous organization (DAO) focused on atomic settlement of financial assets on DeFi. The partnership between Coincall and SOFA.org allows traders to bridge their trading positions between CeFi and DeFi.
This collaboration represents a significant step towards accessing innovative financial tools while ensuring strong security, capital efficiency, and optimized user experience by combining the best advantages of CeFi and DeFi. Leveraging their respective strengths, SOFA.org and Coincall aim to empower all users to earn profits through structured products and enhance the yield potential of existing risk positions.
The main benefits for users include:
– Access to DeFi trading through a unified UI on CeFi, reducing costs
– Increased earnings through cross-promotional airdrops on RCH from SOFA.org and CALL tokens from Coincall
– Using DeFi trading positions as collateral in CeFi and hedging with CeFi liquidity
These benefits are achieved through the following new features:
– Direct purchase of SOFA.org products using USDT: Users can trade SOFA’s structured products directly on the Coincall exchange using USDT, enjoying a simplified UI and reduced gas costs.
– Claiming RCH on Coincall: Users can claim RCH rewards from earning products without the need for on-chain claiming and related costs.
– Collaborative token economy: RCH and CALL tokens will collaborate on airdrops, bonuses, and other incentive measures, benefiting their respective communities.
– Using SOFA.org product positions as collateral: DeFi positions of SOFA.org’s principal-protected earning products can be used as 100% USDT collateral on Coincall, significantly improving users’ capital efficiency. SOFA.org’s RUSDT can also be used for facilitating deposits, withdrawals, margin trading, and fee payments in future phases of the partnership.
– Direct hedging of SOFA.org options risk using Coincall liquidity: Coincall’s UI will identify options positions contained in certain SOFA.org products, allowing users to directly hedge using the exchange’s liquidity.
– Trading RCH and RCH options: RCH utility tokens will be listed on Coincall, with plans to introduce RCH options trading to enhance liquidity and exposure to derivatives.
The partnership between SOFA.org and Coincall establishes new interoperability and accessibility standards within the cryptocurrency ecosystem. By reducing trading friction and enhancing capital efficiency for DeFi and CeFi, this collaboration helps lower the entry barriers for structured products and unlocks new opportunities for all users.
About Coincall:
As the world’s largest altcoin options exchange by trading volume, Coincall offers over 10 exclusive altcoin options, including SOL, KAS, LINK, FIL, ORDI, and more. With ample liquidity of major cryptocurrencies, users can enjoy a seamless trading experience denominated in USDT.
Additionally, as an innovative derivatives trading platform, Coincall prioritizes asset security through 100% third-party custody. With excellent customer support, the platform provides both “Pro” and “Lite” versions to cater to traders of all skill levels, ensuring convenience for both beginners and experienced professionals.
Website: www.coincall.com
X.com: https://x.com/coincall_global
About SOFA.org:
SOFA.org is a decentralized, non-profit, and open-source DAO dedicated to developing a trustless DeFi ecosystem for atomic settlement of financial assets on the blockchain. The organization’s initial protocol focuses on crypto structured products, enabling seamless execution between depositors and liquidity providers through ready-to-use dApps and standardized vaults. SOFA.org has garnered support from leading DeFi builders and crypto platforms. For more information, please visit: https://sofa.org/
Disclaimer: This article is a sponsored article provided by Coincall and does not represent the views of the publication or constitute investment advice, purchase or sale recommendations. For detailed disclaimers, please refer to the end of the article.