Moby, an on-chain options protocol with its Synchronized Liquidity Engine (SLE), announced a collaboration with GMX, a leading decentralized perpetual exchange on Arbitrum and Avalanche. This partnership aims to provide insurance options for perpetual traders, protecting them against liquidation risks.
Moby and GMX
The integration will enable GMX traders to hedge against these risks, advancing the perpetual trading market. Moby, which operates on the Arbitrum Mainnet, has achieved over $1.1 billion in options trade volume since its alpha launch and aims to develop foundational infrastructure for all on-chain derivatives.
“Moby’s collaboration with GMX marks a significant milestone in DeFi options trading, setting new standards for trader protection,” said Ben, CEO of Moby.
Moby partners with GMX to offer insurance options for perpetual traders, protecting against liquidation risks and advancing on-chain derivatives trading.