Higrid [consult profile for meaning] If launched, I definitely want to participate in this Perp DEX (referral waitlist: https://t.co/vb4rzMdRob, thank you for using it! Even if the code appears red as invalid, just enter gridonbtc and proceed!). "@obsdntrade — a Perp DEX that lets you trade the moment news breaks." OBSDN is not yet widely known as a project, but its direction is clear. Unlike typical 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 only crypto but also markets such as stocks, ETFs, volatility indices, sector baskets, and synthetic pairs. The 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 rapidly tradable on-chain markets. The key confirmed point is that it is currently being built on @monad. Since Monad aims to be 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 cover 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, 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—on traditional exchanges you’d have to search for or indirectly access related assets. OBSDN turns these events themselves into markets rapidly. [How to Participate] Since the product has not yet launched, registration is currently possible via the waitlist at the top of this post. The OBSDN waitlist allows login via wallet or X account; when connecting a wallet, only a gas-free message signature is required. The purpose of the waitlist goes beyond simple pre-registration. OBSDN explains that each account gets one spot when a new market opens, and users who link their X account will receive notifications before a new event-based Perp is launched. From a participation standpoint, there’s nothing you can do right now. However, for early Perp DEXes, waitlists, testnets, and initial trading activities often lead to future campaigns or community contributions—so registering now and following up later is worthwhile. [Funding and 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. No VC means less risk of large VC token dumps if a token is launched—but funding strength, market-making capabilities, and long-term operational capacity still need to be verified. 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’s no VC, many people are paying closer attention. [Advantages of OBSDN] Its biggest advantage is market differentiation. The current Perp DEX market is highly competitive. Since Hyperliquid, expectations for on-chain Perps have grown, and many projects are following similar structures. In this environment, simply being a fast DEX isn’t enough. OBSDN has carved out a clear direction: news-driven markets, stock and ETF Perps, 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 actively used by serious traders. #OBSDN #PerpDEX