TLDR:
- The new interface allows derivative trading without network transaction fees, removing friction for traders.
- Sai Perps utilizes Nibiru’s infrastructure to guarantee transparent settlements and self-custody of funds.
- The launch includes a trading competition with a $25,000 prize pool to incentivize initial liquidity.
The arrival of a gasless perps platform by Sai is a major breakthrough that attempts to replicate the centralized exchange (CEX) experience on the blockchain. With this initiative, the decentralized finance ecosystem continues to evolve toward more accessible models for the average user.
Matthias Darblade, a Sai contributor, stated that on-chain markets should not force traders to choose between speed and security. For this reason, the platform’s design allows for agile and clean navigation while maintaining the settlement guarantees that only on-chain infrastructure can provide.
The architecture of Sai Perps relies on the Nibiru smart contract ecosystem, optimizing risk systems and oracle design. As a result, prices will reflect the global market, decreasing price slippage even in low liquidity conditions.
Collateral innovation and trading competition
A standout feature is the flexibility of collateral assets, allowing capital to be reused across various positions. Additionally, users can deposit USDC or liquid NIBI (stNIBI) into single-asset vaults to generate passive yields without complications.
To celebrate this debut, the firm introduced the “Let’s Go Saicho” initiative, a month-long trading competition. The event seeks to reward participant profitability with a prize pool reaching $25,000.
In summary, this launch represents a significant step forward in the adoption of decentralized derivatives. The market will now evaluate whether this combination of technical fluidity and economic benefits succeeds in mass-attracting users who still operate in centralized environments.
