What is Satori? Satori is a Perpetual platform that allows Long – Short many types of assets with high leverage built and developed on different zkEVM platforms. Satori has attracted investment from many large funds in the market. So if Satori has anything interesting, let’s find out in the article below.
To understand more about Satori, people can refer to some of the following articles:
- What is GMX (GMX)? Overview of GMX Cryptocurrency
- What is dYdX? dYdX Cryptocurrency Overview
- What is Kwenta (KWENTA)? Kwenta Cryptocurrency Overview
What is Satori?
Overview of Satori
Satori is a decentralized Perpetual platform built and developed on various zkEVMs such as Polygon zkEVM, zkSync and Scroll. Satori allows everyone to participate in Long – Short of many types of assets with high leverage without requiring KYC like centralized exchanges like Binance, OKX or Bybit.
Satori uses an Orderbook model quite similar to dYdX to create a protocol that has the security and transparency of a decentralized exchange while also having the convenience of a centralized exchange.
Mechanism of action of Satori
Satori’s operating mechanism is relatively simple, including the following steps:
- Step 1: Users deposit USDT into the platform as collateral.
- Step 2: Users open leverage orders on the platform.
- Step 3: Based on their strategy, users can close orders at any time.
In addition, Sator also has a number of features for users as follows:
- Portfolio: Where users observe all of their positions including positions that have been closed in the past.
- Analytics: Allows users to track project metrics.
- Bridge: Supports users to transfer money between Blockchains.
Development Roadmap
The project will develop mainly on zkRollup platforms that support zkEVM. Currently, the project is being built and developed on zkSync, Polygon zkEVM, and in the near future, the project will be deployed on a number of new zkEVMs such as Scroll, Linea or Taiko.
Investor
May 19, 2022: Satori successfully raised $10M for the first time in a Seed round with the leadership of Polychain Capital and Blockchange Ventures and the participation of Jump Crypto, Gavin Wood, Coinbase Ventures, Portal, Acala, Astar , Parallel and Clover.
Core Team
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Tokenomics
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Exchanges
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Project Information Channel
- Website: https://satori.finance/
- Medium: https://medium.com/satorifinance
- Discord:
Summary
Satori is a Perpetual platform that stands out across the ecosystems it is participating in. However, in the past Satori determined to build on Polkadot, but the project changed the roadmap to suit the market. Hopefully through this article everyone can understand more about what Satori is?