<p>WOO X takes its next major step for empowering individuals with the addition of perpetual swaps — even available with zero fees.</p><p>Perpetual swaps are one of the most commonly traded derivative products in crypto, with volumes vastly exceeding spot volumes on most major exchanges. Perpetual swaps, or perps, are futures contracts that never expire, making them ideal for the 24/7 world of cryptocurrency.</p><p>However, traders are still plagued by high fees, complicated rules, and fragmented liquidity as they try to avoid scam wicks and mass liquidations. <em>So how did WOO X manage to build a product that improves the perps model and delivers more value to traders?</em></p><h3 id="bringing-the-woo-innovation">Bringing the WOO innovation</h3><p>WOO Network never settles for just copying what’s already on the market. All of our products are designed with traders in mind, built in intelligent and novel ways that greatly reduce the friction in your trading experience. Let’s take a look at how we accomplished this with futures on WOO X:</p><h2 id="header-0"><strong>Trade Effortlessly</strong></h2><p>A seamless trading experience between spot and perps: First and foremost, we want traders to have access to all their active positions at one time in one place. Traders can access charts and order-entry modules for spot and perps all from the same window, a hallmark of WOO X’s customizable interface. Cross-margin collateral means that any eligible asset can be used as collateral, giving traders fewer restrictions when trading with leverage. For risk management, traders can use <em>Vaults</em> and <em>Subaccount</em> features to isolate assets from being used as collateral.</p><p></p><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/4fa0b7a37a854a8da327e2cb8c545143.png" /><p>The initial launch of WOO futures will include 20 mainstream assets, with more being added over time.</p><h2 id="header-1"><strong>Trade free</strong></h2><p>Of course, it wouldn’t be WOO X without the zero-fee trading experience. WOO X Futures will use the same staking tiers and fee structure as spot trading, meaning that users who stake 1800 WOO will be entitled to zero maker and taker fees when manually trading perps. The one exception is that <a href="https://medium.com/woonetwork/launching-trade-to-earn-t2e-on-woo-x-stake-woo-to-earn-rebates-on-trades-62a14f5f7b23" rel="noopener noreferrer nofollow">Trade-2-Earn rebates</a> aren’t eligible on perps trading, although this may be changed in the future.</p><p></p><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/f69c69a75a4e435f83d55fd605dfdece.png" /><h2 id="header-2"><strong>Trade with size</strong></h2><p>WOO Network established its reputation as a source of deep, aggregated liquidity. Unlike spot markets, perps can’t be aggregated easily, as each source will have unique parameters, such as funding rates. WOO Network tackled this by integrating various sources into a liquidity pool that can be accessed directly from WOO X or as a liquidity source for institutional clients such as exchanges.</p><h2 id="header-3"><strong>Trade safely</strong></h2><p>Early perps markets were plagued by inefficiencies that led to a trader’s worst nightmare — liquidations. WOO Network understands that for traders to become long-term users, they need to be able to protect and grow their assets. To solve this, WOO Network built an intelligent liquidation engine that takes multiple steps to reduce users’ exposure when a trade goes wrong. Closing pending orders and liquidating in small portions means that users are less likely to find all their collateral has been sold to cover losses.</p><p></p><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/04a0834fd1f04088a35b006de6be3675.png" /><p>Sounds too good to be true? <a href="https://x.woo.org/" rel="noopener noreferrer nofollow">Try it for yourself</a>!</p><p></p><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/9b1b67be35de42768a9ebc06f2319f3d.jpeg" /><p>Zero-fee futures is no longer a pipe dream — simply stake 1800 WOO on WOO X and lock in zero-fee trading for life. Whether you’re a low time frame scalper, a high time frame investor, or anything in between, you’ll never have to worry about out-trading the trading fees, or falling victim to slippage. Easily manage your risk with our all-in-one spot and futures experience, so you can hedge your bets without micromanaging a flurry of tabs and accounts. Paired with an improved smart liquidation engine, WOO X is bringing its ‘keep more of what you earn’ ethos to perpetual swaps.</p><p><em>*Due to regulatory and compliance constraints, futures will be unavailable in Germany at the current stage. WOO X is continuously working to offer services in more regions.</em></p>

Zero-fee perps — the future of futures

Table of Contents

WOO Network

Other articles published on Mar 21, 2022

How to stake & Vote with $ATOLO using Cosmostation Wallet

Rare Bears falls victim to a phishing scam that claimed $790,000 only a few days after launch

Perp v2 Goes Open Source!

Weekly Report (14-20 Mar 2022): Bitcoin Rises

iOWN Wallet Updates With Powerful New Features…

What makes social tokens like FaceDAO valuable and how users benefit from it?

Join our free newsletter for daily crypto updates!