This article will delve into the process of developing a decentralized ERC-20 perpetual contract using the Celo blockchain. A perpetual contract is a type of derivative that allows traders to take a position on the price of an asset without an expiration date. By using a decentralized platform like Celo, developers can create trustless and transparent smart contracts that eliminate the need for intermediaries.
The article will discuss the advantages of using Celo as the underlying blockchain for building a perpetual contract, including its low fees, fast transaction speeds, and focus on mobile-first accessibility. Additionally, the article will explore the potential use cases for an ERC-20 perpetual contract on the Celo blockchain, particularly within the decentralized finance (DeFi) space.
By the end of the article, readers will have a better understanding of the benefits and challenges of building decentralized financial applications on the Celo blockchain, as well as the steps involved in developing an ERC-20 perpetual contract.