Firefly

Firefly is an orderbook decentralized exchange (DEX) for perpetual swaps and options powered by Substrate. Supported by Polkadot’s shared security, high-throughput and low-latency transactions, micro-gas fees, and interoperability across networks, Firefly will provide traders with a derivatives DEX that is both performant and secure. The DEX caters to the Polkadot community, providing unique products for the 30,000+ parachain crowd loan participants, and will support staking derivatives of bonded or staked DOTs as collateral. Firefly also provides one of the most performant user experiences in DeFi, with under-450-milliseconds settlement when network latency and network congestion are abstracted.