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Tide is an innovative, decentralized exchange designed to provide users with a secure, user-friendly, and feature-rich trading experience. The platform seeks to combat liquidity fragmentation that is found amongst DEXs.
Through seamless integration with LayerZero offering an omnichain alternative, and unifying a $1.2T market. Traders have the ability to utilise Base, Arbitrum, BNBChain, AVAX, Optimism and soon Polygon & ZKSync.
Fragmented liquidity is a common problem in the world of decentralized exchanges, particularly for perpetual swaps. In fact, a whopping 72% of the $1.45Billion Total Value Locked (TVL) in derivative protocols is concentrated in just two platforms: GMX and DYDX.
This leaves the remaining 28% of liquidity to be spread out across 85 other perp DEX protocols. This leads to issues such as slippage, poor trade execution, and price impact, especially for high leverage, large orders.
Tide offers Synthetic Contracts and Fiat-on-Ramp without KYC, all powered by a decentralized autonomous organization (DAO) model. Tide aims to revolutionize the way we think about exchanged and the overall landscape by combining an omnichain approach, through strategic partnerships, and a strong community-driven approach.