JOJO is a decentralized derivatives trading platform built on the Base blockchain, offering up to 1000x leverage with zero slippage and competitive trading fees. It enables traders to utilize multiple collateral types and execute orders rapidly, addressing the need for efficient and cost-effective trading solutions in the derivatives market.
Funding
Funding not disclosed
Founders
Product
Problem
Decentralized derivatives exchanges often suffer from slow execution speeds and limited collateral options, hindering efficient trading and risk management. Traders are also exposed to slippage, which can lead to unexpected losses, especially when trading with high leverage.
Solution
JOJO is a decentralized perpetual contract exchange on the Base blockchain that addresses these issues by providing rapid order execution and support for multiple collateral types. The platform utilizes an off-chain matching system for efficient trade execution, while on-chain settlement ensures transparency and security. Traders can access up to 1000x leverage with a low trading fee, and the platform offers a 0.01% fee rebate for makers. JOJO also features an earn product that automatically arbitrages funding rates, providing users with stable USDC returns and on-demand withdrawals.
Target Audience
JOJO is designed for cryptocurrency traders seeking a high-leverage, low-slippage decentralized exchange with advanced features for efficient derivatives trading.
Features
- Up to 1000x leverage with zero slippage
- 0.01% fee rebate for makers (0 maker fee, 0.03% taker fee)
- Support for multiple collateral types, including yield tokens like cbETH
- Sub-account system for asset allocation and strategy distribution
- Cross-margin mode for shared margin across positions
- Off-chain matching, on-chain settlement
- AI Trading Agent for real-time insights and automated trades
- Flexible earn product for automated funding rate arbitrage
- Integration with Chainlink oracles for price feeds