Summary:

Adding a perpetual Futures trading feature that will enable users to trade futures via Kromatika DEX

Abstract (WHAT):

We propose to integrate our Partner's (ApolloX) API to offer Kromatika DEX users the ability to trade perpetual Futures up to 200x leverage on Ethereum and Arbitrum chains. Once the Product-Market fit for Perp Futures trading on Kromatika DEX is confirmed, we can explore the possibility to use Krom Token for trading fees. Our Partner already powers famous DEX Perp Futures features (Pancakeswap, ApeSwap, MdeX, and others) and offers: • Ready-to-go decentralized solution for crypto derivatives trading. • 71 different perpetual contracts for trading with leverage. • CEX order book-like trading interface for an intuitive trading experience Isolated margin mode/cross margin mode • Limit, market, stop limit orders • 8 different collateral under Multi-Assets Mode: cUSDT, vUSDT, USDC, BNB, ETH, CAKE, BUSD, USDT + 1 more incoming

Motivation (WHY):

Kromatika aims at being the one-stop shop for traders' needs on Mainnet, Optimisim, Arbitrum, and Polygon. The Perp Future feature will extend the already unique Kromatika's value proposition (MetaSwap, Fees Earning Limit Orders) allowing to serve event better Kromatika Users. Once certain trading volumes are met, $KROM will have an added utility to pay trading fees on the platform. Trading fees from Perp trading via Kromatika Futures will be shared between our Partner and Kromatika, opening an additional revenue channel for Kromatika.

Specification (HOW):

The perpetuals Futures trading feature will rely on the API integration our partner offers allows which are: • Short lead time: The futures trading feature can be set up in a week fully functional. • Customizable front end interface: Kromatika can customize the front end to ensure a consistent brand image for users. • Leverage of our Partner's infrastructure, unique order matching engine, deep liquidity and market depth. • Partner will provide customer support for Kromatika futures trading users. • New perpetual contracts listed will automatically reflect on Kromatika futures trading platform. • New DEX features will be developed by our Partner and pushed out to Kromatika futures platform

The perpetuals Futures trading feature will be added to app.kromatika.finance and will allow users to get a 360° view of their DEX trading in a single interface.