👋Welcome to Spin
Spin is a 360° decentralized trading and investments platform built on NEAR Protocol.
Introducing Spin
Spin is a 360° decentralized trading and investments platform built on NEAR Protocol. Spin offers a wide range of products designed to meet the demands of both novice and savvy traders, DeFi investors, and passive income seekers.
In June 2023 Spin also started to build an institutional-grade derivatives infrastructure on Polygon zkEVM.
Spin aims to offer DeFi users a CEX-competitive user experience with no compromise on user experience, security, speed, transparency, and trading costs. We combined the best of the CeFi and DeFi worlds to build an advanced 360° decentralized trading platform offering users a wide range of trading and investment instruments including:
Spot trading: Trade on spot using multiple order types, enjoy ~3 times lower trading fees compared to AMM DEXes, instant trade execution speed, and deep liquidity. Start trading 👉https://trade.spin.fi.
Instant swaps: Use the cheapness, liquidity, and speed of spot trading to make AMM-like instant swaps. Swap 👉https://trade.spin.fi/swap.
Perpetual Futures: Perpetuals are a powerful derivatives instrument that allows you to extract yields on any market and use capital more efficiently thanks to up to x10 leverage. Try Spin Perpetuals 👉https://perp.spin.fi.
Automated Investment Products (AIPs): AIPs use the Spin infrastructure: Spot, Perpetual Futures, and Options, – to offer users one-button Risk/Reward optimized strategies with a very simple user flow. The first AIP to be released on Spin is the Covered Call and Cash-Secured Put DeFi Option Vaults (DOVs). Invest 👉https://vault.spin.fi.
NEAR Protocol Infrastructure Overview
The backbone of the Spin products’ ecosystem is formed by its fully on-chain order book that provides a CEX-competitive experience to Spot and Perpetuals traders and allows for building more complex derivatives and investment products including Power Perpetuals, Floor Perpetuals, Structured Products, and Automated Investment Products (options strategies, basis trading, and more).
Background
Founded in June 2021, Spin was the first dApp to offer an on-chain order book solution on NEAR Protocol. In April 2022, Spin pioneered with the first order book DEX and in September 2022 launched the first on-chain Perpetuals on NEAR Protocol. That makes Spin a trendsetter in the field of derivatives trading within the NEAR ecosystem.
The advantages of the order book model include better user experience compared to AMM, flexible liquidity, easy access for institutional traders, secure and transparent on-chain verification, the opportunity to price different types of instruments, and trading robots’ interoperability.
Spin was founded by a team of derivatives trading oldfags with vast experience in asset management and DeFi who set their primary mission to onboarding CeFi users to DeFi and offering them a CEX-competitive user experience on-chain.
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