🔑Core Features

1. RWA and Crypto via Perpetual Contract

OpenWorld is a platform that trades RWA, including stock, bond, commodity, forex, in the web3 world.

OpenWorld allows user to trade RWA via well-designed perpetual contracts, which closely track the price of underlying assets. Trading derivative instead of spot might not seem intuitive for some investors, but It offers a number of advantages:

Note:

Perpetual contract is similar to future contract, but without expiration. The below features has made perpetual the most popular trading instrument in cryptocurrency industry.

• Co-move with underlying asset price. Therefore, trading perpetuals could generate very similar economic outcome as trading spot.

• Free to long or short with high leverage. Therefore, it's a extremely flexible and efficient tool for trading.

• Cash-settled. Therefore, no spot asset is needed to be held for delivery.

• No expiration. Therefore, positions can be held indefinitely without the need to roll over contracts as they approach expiration in future trading.

1.1 “All-in-one!” – Perpetual contract makes trading multiple types of asset with one account easy and seamless. Users can trade crypto, stock, bond, commodity and forex all on OpenWorld platform with their self-custodial wallet.

1.2 “No custody no risk” – Users can invest in RWA by purchasing their perpetual contracts via margin account without actually holding the underlying assets. No asset is placed in the custody of any centralized institution, which considerably enhances the degree of decentralization of the system, as well as asset security of users.

1.3 Free to short – Users could easily short assets through short selling their perpetual contracts. By contrast, in spot trading, shorting an asset the asset is constraint and inconvenient as one has to borrow the asset (which might be not available for borrowing) before short selling it.

1.4 Get levered! – Trading perpetual contracts through margin account also makes it considerably simpler to obtain large leverages as compared to trading spot.

1.5 Cross-margin – in cross-margin mode, all available balances in one’s account can be used as collateral to trade and prevent liquidation, which provides greater trading flexibility and lower margin requirements when establishing multiple positions.

1.6 Settlement made simple – The profit and loss of trading perpetual are settled with stablecoins (Dai) pegged to the US dollar, so that the returns are fairly comparable to trading in spot assets.

2. Decentralized access and fund safety

As a decentralized exchange, OpenWorld's smart contracts operate on distributed networks of censorship-resistance. With a decentralized digital wallet that is permissionless and anonymous, users can directly access OpenWorld. As a result, OpenWorld is available to everyone with internet access anywhere in the world, and no centralized organization has the authority over the privacy of its users. Users with their freely produced private keys have the complete control over their accounts by the rules of open-sourced code, without taking any credit risk to any institution.

3. Order Book Model

Most of existing DEX promises a more secured trading environment that is resilient to hacks, thefts and government intervention, yet many users still return to CEX for user friendliness and higher transaction speed. OpenWorld does not allow users to compromise on either user experience or asset security.

To address the user friendliness issue, OpenWorld implements order book model to assist users in providing and obtaining liquidity, and establishing trading prices. Compared to AMM or peer-to-pool (oracle-based) model applied by most DEX, order book model offers the best user experience, trading flexibility, price discovery capability, and liquidity providing efficiency

3.1 User friendly – Order book model has the broadest users’ base around the world. The transition to OpenWorld is made easy for users from traditional finance and crypto centralized exchanges.

3.2 Flexible Order Types – Under order book model, traders could choose at what specific price they want to trade by placing limit orders. Orders would be matched by the principle of “Price-Time Priority” to decide which orders should be executed first. In addition to limit order, other order types like market order and conditional order can also be placed.

3.3 Price Discovery – Order book model has strong price discovery capability, a perpetual contract market could still open for trading even if its underlying market is closed in non-trading hours (24/7 trading RWAs!). The price is discovered purely based on market expectation without any centralized or external intervention.

3.4 Liquidity Efficiency – In order book model, Market Makers could efficiently provide liquidity by placing buy or sell limit orders around current market price, while control risk to reflect latest market dynamics. As a result, trading slippage in order book model is significantly lower than most AMM.

4. ZK-Rollup

OpenWorld chooses to use zero-knowledge rollups (zk-rollup) solution. Zk-rollups runs computation off-chain (layer 2) and submits a validity proof to layer 1 public blockchain. It offers faster transaction finality, and derive security directly from mainnet. Zk-rollup solutions can be customized to meet specific application requirements, such as improving transaction speed, reducing gas fees, and providing additional features. It helps OpenWorld to provide great user experience.

OpenWorld chooses zkLink as the zk-rollup vendor and ecosystem partner. Not only zkLink solves the transaction efficiency challenge, it also helps OpenWorld to solve the common challenge of any DEX – liquidity fragmentation

5. Aggregated Liquidity through Multi-Chain Deployment

Through partnering with zkLink, OpenWorld is able to address the challenge of liquidity fragmentation through multi-chain deployment. zkLink builds a zk-rollup middleware that natively connects to various L1s and L2s, which aggregates liquidity from multiple networks. In addition, zkLink enables multi-chain token portfolio management, which allow user to use a single wallet to manage multi-chain portfolios. Users of OpenWorld can benefit from this seamless multi-chain trading experience.

6. Governed by DAO

OpenWorld is a decentralized project that is jointly controlled by its DAO, which is made up of all stakeholders to its ecosystem, such as users, developers, operators, and investors, among others. Participants in the ecosystem will earn the OpenWorld token based on their contributions, giving them the ability to initiate ideas, vote on proposals, and share its profit. Because the token is not intended to be a tool for short-term speculation, the right supported by the token is determined not only by the amount of token owned, but also by the period of the token being staked.