Satori is a decentralized platform focusing on financial products like derivatives. It's built on advanced blockchain technologies including Polygon zkEVM, zkSync, and Scroll.
What is Satori
Here is how it works:
- Financial Derivatives: Satori allows trading of derivatives, which are financial contracts based on the value of other assets.
- Order Book Model: It uses a system where buy and sell orders are listed, working with many market makers to offer wide access to different assets.
- Efficient Trading: Combines the safety of decentralized exchanges with the speed of centralized ones through "off-chain aggregation and on-chain settlement." This means complex calculations are done off the blockchain for speed, but final trades are recorded on it for security.
In summary, Satori aims to offer a secure, clear, and fast trading experience, making it easy for beginners in crypto to access and trade various financial products.
Funding of Satori
$10,000,000
Total Funds Raised
$10,000,000
Seed round
Led by Polychain Capital.
Satori review
Pros
Oracle Price
This platform uses a special price from many sources to make sure trades and loans are fair and safe.
Insurance Vault
There's a safety fund set up by the platform's team to protect users, which will later be filled with trading fees.
ADL System (Auto-Deleveraging)
If trading risks get too high, this system lowers the risk by adjusting trades starting with the most profitable and risky ones.
Cons
Tough Competition
Since many others offer similar services, this platform might find it challenging to stand out and attract users.