cryptonews.net
Solayer, a blockchain infrastructure company focused on the Solana ecosystem, announced the launch of the public testnet for Margin Trade, a new trading platform that combines multiple asset classes within a single margin system. Margin Trade is built entirely on Solana and uses infrastructure developed by Solayer.
The product is being developed by a team that includes former traders from Citadel and Kraken. According to the company, Margin Trade is designed to allow users to trade crypto assets, commodities, and equity-related products using one collateral pool on-chain.
At launch, Margin Trade is expected to support cryptocurrency perpetual contracts, as well as commodity markets such as gold, silver, and oil. The platform will also introduce the MT500, a synthetic index designed to track broad exposure to the U.S. stock market. Solayer said future updates may include individual stocks and volatility-based products.
The company plans to publish technical materials and research explaining the platform’s architecture, trading model, and market structure. Additional ecosystem features, including trading competitions, ranking systems, and referral programs, are also expected to be introduced during the rollout.
The platform recently completed a private testnet phase with a limited group of users and partners. This week, Solayer opened public access on the Solana testnet, allowing a wider group of traders and ecosystem participants to test the product before its full release.
Image: Magnific