Higrid [consult profile for meaning] If launched, I definitely want to participate in this Perp DEX (referral whitelist: https://t.co/vb4rzMdRob, thank you for using it! Even if the code appears red and says it’s invalid, just enter “gridonbtc” and proceed!). "@obsdntrade — a Perp DEX that lets you trade the moment news breaks." OBSDN is not yet a widely known project, but its direction is clear. Unlike conventional Perp DEXs that list only familiar coins like $BTC, $ETH, and $SOL, OBSDN aims to be an on-chain derivatives exchange that reacts instantly to news and market events. OBSDN positions itself as a next-generation Perp platform emphasizing speed, liquidity, and security, and claims it will cover not just crypto but also stocks, ETFs, volatility indices, sector baskets, and synthetic pairs. Its website directly uses phrases like: “Crypto, Stocks & ETFs,” “Exotic Assets,” and “real-world events into tradable markets.” In other words, it’s not just another crypto futures exchange—it’s a platform turning real-world news and assets into instantly tradable on-chain markets. The key confirmed detail is that it’s being built on @monad. Since Monad targets a high-performance EVM chain, its architecture aligns well with OBSDN’s promises of fast execution, on-chain trading, and listing new markets. [Reasons to Pay Attention] The reason to pay attention to OBSDN lies in what it lets you trade. Most Perp DEXs offer similar assets: $BTC, $ETH, $SOL, major alts, and some memecoins. But OBSDN targets a much broader market—it mentions categories like stocks, ETFs, interest rates, macro trends, geopolitics, weather, elections, and commodities. If implemented successfully, this would be highly significant. For example, when an event occurs—such as a semiconductor company’s earnings report, trade tensions between nations, an interest rate announcement, or an election result—traditional exchanges require you to find or indirectly access related assets. OBSDN turns these events themselves into markets rapidly. [How to Participate] Since the product hasn’t launched yet, registration is currently possible via the whitelist at the top of this post. The OBSDN whitelist allows login via wallet or X account; when connecting a wallet, only a gas-free message signature is required. The purpose of the whitelist goes beyond simple pre-registration. OBSDN explains that each account gets one slot when a new market opens, and users who link their X account will receive notifications before a new event-based Perp is listed. From a participation standpoint, there’s nothing you can do right now. However, for early Perp DEXs, being on the whitelist, joining testnets, or engaging in early trading often leads to future campaign rewards or community contributions—so registering now and following up later is worthwhile. [Funding and Backers] OBSDN has no VC backing; in fact, co-founder @HannibalEun’s public profile explicitly describes OBSDN as “bootstrapped, no VC.” This has clear pros and cons. No VCs mean less risk of large token dumps from institutional investors later—but we still need to verify its funding strength, market-making capability, and long-term operational sustainability. Especially for a Perp DEX, which is far more complex than a simple app: good UI alone isn’t enough. Liquidity, oracles, risk engines, liquidation systems, market makers, execution speed, and security must all work flawlessly together. Yet precisely because there are no VCs, many are paying closer attention. [Advantages of OBSDN] Its biggest advantage is market differentiation. The Perp DEX market is currently saturated with fierce competition. Since Hyperliquid, expectations for on-chain Perps have surged—and many projects are following similar models. In this environment, simply being a fast DEX isn’t enough. OBSDN has carved out a clear niche: news-driven markets, stock and ETF Perps, and event-based assets. Another strength is its early UX design. OBSDN highlights one-click trading, analytics dashboards, multi-collateral support, cross and isolated margin modes, and sub-account functionality. In particular, sub-accounts along with PnL and fee analytics are critical features for active traders. If these features are properly implemented, OBSDN could become more than just an event-driven DEX—it could become a platform that active traders return to consistently. #OBSDN #PerpDEX