Okay. Hello everyone. My name is Soy. I'm the COO of BIP Trading, the world's first really permissionless burpex natively on base. Today, the per markets exist only for big assets such as Bitcoin, Ethereum, and about 1,500 others.
Because of the market structure requires volume, liquidity and capital, 56 million tokens remain excluded. This means the trading opportunities and price discovery is reserved for a handful of tokens even though the per volume exceeds spot by three to five times. Wipe changes this in two ways. By replacing order books with a network of solvers, independent market makers can fill trader indents, manage risk, and hedge across venues. With single-sided liquidity deposits, anyone can create a market for any token on any chain.
Wife does for perpetuals what unis swap did for spot. Markets without leverage are incomplete. They only let you buy and hold. Leverage adds conviction and makes markets more honest and accurate. Imagine poly market where you can only say yes.
This is what crypto spot markets are today and why fixes it by allowing the both sides of the trade. Already 150 projects across 15 blockchains have joined our closed alpha. Our early traders are trading 3 to 4 million in daily volume. Wipe is built by a team of crypto serial entrepreneurs who have collectively created over 1 billion of value in the space. Wipe turns every meta, every narrative, and every token into a perpetual market.
One perpetual deck for 56 million tokens. Thank you everyone. We are raising our seats. Come and talk to us.
Automatic transcript — names and jargon may be misspelled.