dTrade claims to be the first DEX for perpetual swaps and options built on Polkadot. dTrade’s technology stack enables leveraged derivatives trading with on-chain settlement, enabling limitless derivatives markets without custodial and counterparty risks. Its performant off-chain matching engine, coupled with a constant function market maker, creates a hybrid order book plus AMM trading experience with high liquidity and pricing efficiency. dTrade aims to engineer the trading experience of centralized exchanges while providing the security and transparency of DEXs.
Their platform is not live yet, but the core is open source available for review. Insurance mining which allows users to stake USDC to bootstrap capital for the insurance fund and receive DET tokens is going live soon.