SINGAPORE, SINGAPORE / ACCESSWIRE / July 27, 2023 / DeFi Board Options Exchange (DBOE), a pioneering force in the crypto and options trading landscape, achieves a momentous milestone as it officially goes live today on July 28, 2023. This marks a significant redefinition of decentralised finance in the crypto and options trading world.
A Journey of Innovation: The Evolution of DBOE
Started off with DBOE Academy
DBOE first started with DBOE Academy back in August 2022 with a mission to offer both online and offline courses to students and crypto newbies on the innovation of Blockchain as a new technology, its disruptive potential when being applied in the financial realm (DeFi), all offered completely free of charge. DBOE Academy also allows students to gain hands-on and real trading experience on its main-net but paper trading platform. The offer has been warmly welcomed by communities, especially from the academic space.
Strong Market Feedbacks to evolve into real DeFi Risk Management
DBOE extended its footprint from a paper trading platform into real risk management as suggested by its community in the second half of 2022. The idea eventually turned into real when the team successfully uplifted its old architecture to be 100% decentralised by moving the entire trading lifecycle on-chain including trading, clearing and settlement. With its innovative on-chain architecture for the central order book (CLOB), DBOE is able to deploy its infrastructure even on L1 main-net while still maintaining the economical balance between the gas cost for market participants and an efficient price discovery to happen on-chain. By doing so, DBOE has enhanced not only security, transparency but also streamlined the end-to-end trading processes.
Partnering with Giants to Pioneer DeFi
Since then, DBOE has positioned itself as a DeFi pioneer by leveraging other major players' strength including Chainalysis's KYT services to ensure user trust and compliance, Chainlink and BitQuery for a robust oracles-based final settlement price as well as insightful analytics. The most recent addition of partnership with Nautilus, the first production-ready modular chain in Web3, showcased DBOE ambition to push for higher adoption and greater cost efficiency for market participants.
Recognition and Accreditation
In June 2023, DBOE joined the Singapore Blockchain Innovation Program (SBIP), benefiting from Verazt Security's expertise in fortifying DBOE smart contracts. Further validating its pioneering efforts, DBOE was selected as the Best 2 project among 160+ global participants in the Boundless Hackathon by Stanford Blockchain Accelerator. These accolades underscore DBOE's commitment to excellence and innovation in the blockchain space.