Hybrid [Meaning: see profile] 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 shows as invalid, just enter “gridonbtc” and proceed.) "@obsdntrade — A Perp DEX that lets you trade the moment news breaks." While OBSDN is not yet widely known as a project, its direction is clear. Unlike conventional Perp DEXs that list only familiar coins like $BTC, $ETH, and $SOL, OBSDN aims to become 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 states 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, OBSDN is not merely a crypto futures exchange — it’s a platform designed to turn real-world news and assets into instantly tradable on-chain markets. The key confirmed detail is that OBSDN is being built on @monad. Since Monad aims to be a high-performance EVM chain, its architecture aligns perfectly with OBSDN’s promises of fast execution, on-chain trading, and listing new markets. [Why Pay Attention?] The reason to pay attention to OBSDN lies in what it lets you trade. Most Perp DEXs offer similar assets: primarily $BTC, $ETH, $SOL, major alts, and a few memecoins. But OBSDN targets a much broader market — mentioning categories like stocks, ETFs, interest rates, macroeconomic indicators, 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 users to manually locate or indirectly access related assets. OBSDN turns these events themselves into tradable markets in real time. [How to Participate] Since the product has not yet launched, registration is currently possible via the whitelist link 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 new event-based Perps are listed. From a participation standpoint, there’s nothing you can do right now — but for early-stage Perp DEXes, being on the whitelist, joining testnets, or engaging in early trading often leads to future campaign opportunities or community rewards. So registering now and following up later is worthwhile. [Funding & Backers] OBSDN has no venture capital backing — in fact, co-founder @HannibalEun’s public profile explicitly describes OBSDN as “bootstrapped, no VC.” This has clear pros and cons. On the positive side: if a token is launched, there won’t be heavy VC dumping pressure. On the negative side: funding capacity, market-making capabilities, and long-term operational strength still need to be proven. Especially for Perp DEXes — which are far more complex than simple apps — excellent UI alone isn’t enough. Real success requires seamless liquidity, reliable oracles, robust risk engines, liquidation systems, market makers, fast execution, and ironclad security. Yet precisely because there’s no VC backing, many are paying closer attention. [OBSDN’s Advantages] Its biggest strength is market differentiation. The Perp DEX market is already fiercely competitive. Since Hyperliquid’s rise, expectations for on-chain Perps have surged — and many projects are copying similar structures. 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 advantage is its early UX design. OBSDN highlights features like one-click trading, analytical 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 evolve into a platform actively used by serious traders over the long term. #OBSDN #PerpDEX