TechFlow, August 13 — Pharos Network has partnered with Bitverse, a decentralized Web3 wallet, to build a perpetual contracts decentralized exchange (PerpDEX) on the Pharos Network. The platform will utilize UTA engine technology to support perpetual contract trading for assets including cryptocurrencies and U.S. stocks.
The platform will feature a low-latency architecture, with Bitverse serving as a liquidity provider by connecting Ethereum stablecoin pools to supply liquidity to the Pharos ecosystem.
According to WuWish, co-founder and CTO of Pharos Network, the platform will integrate Web2 and Web3 technologies to enhance on-chain trading efficiency.
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