Review on Opium Network by LUIS RIVERO R
decentralized futures exchange.
The purpose of this exchange is to create a trading platform for futures markets based on a decentralized exchange, all smart contracts were created on the ethereum network (the codes used are available to be audited by anyone since they were created to run on ethereum ).
The contracts are backed using ERC-20 tokens, taking into account the oracles that are compatible to set prices, it is also fully decentralized.
Something complicated to use especially for inexperienced users, in terms of future markets, however, it generally represents a great advance in the decentralization of services, its governance token was recently launched, it is necessary to wait to know the benefits that it will give to its holders.
Pros
- Decentralized derivatives market.
- Currently there are not many decentralized products that offer these services.
- Anyone can create and manage derivatives using the allowed parameters.
- Backups are made in ERC-20 Tokens
Cons
- Difficult to use for new users.
- Fees are expensive in some cases due to congestion on the Ethereum network.
