Citing Bijié Wǎng, Kraken has launched Nado DEX on the Ink Network and is entering a testing phase. Nado uses an order-book matching system and supports a unified margin mechanism for spot and perpetual trading, consolidating cash, spot positions, and unrealized profits and losses into a single collateral pool. Nado claims a matching speed of approximately 5-15 milliseconds. Additionally, the NLP mechanism allows users to deposit idle funds in USDT0 for market-making, earning rewards from market-making and liquidation flows, with the position serving as collateral for further trading.
Kraken Launches Nado DEX on Ink Network, Entering Testing Phase
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