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Kollider is the first real-time settled derivative exchange, with a trading and settlement system that enables traders to get instantaneous price exposure without needing to pre-fund their trading accounts.
The Kollider trading engine takes advantage of the Lighting Network in order to give traders the ability to access instant exposure to a range of products through the usage of Bitcoin without any need of pre-funding an account. This gives access to a variety of different features, including perpetual swaps, a clean and simple UI, Long & short trading options, instant settlements, and leverage trading. Leaderboards, tokenized stocks, and stablecoin settlement are planned as future developments.
Kollider allows traders to trade perpetuals with a leverage of up to 100x through the usage of a cash balance or an order-by-order settlement system.
Order-by-order settlements give users the ability to send their collateral or margin requirement at the same time as placing an order. Kollider uses the Bitcoin Lightning Network in order to allow a trader to pay a Lightning Invoice, where they can update margin or exit a position through the usage of their own Lighting Network wallet. By utilizing the lighting network, transactions can be processed nearly instantly with low transaction fees.
Through the utilization of order-by-order settlements, traders can instantly transfer extra margin to a position to avoid liquidation, allocate capital a lot more efficiently, and not miss opportunities through funding and opening positions directly from their own wallet, which will in-turn also reduce counterparty risk.
Traders can maintain a balance with Kollider in addition to the usage of the order-by-order settlement system, where they can deposit and withdraw in numerous ways through the user dashboard. Bitcoin deposits and withdrawals are supported through on-chain transactions or through the Lightning Network.
The Lightning Network is used due to the fact that it is capable of sending Bitcoin (BTC) at a speed of 500 transactions per second right now, which increases with each update. There is an estimation that 40,000,000 transactions per second are theoretically possible through it.
The best and simplest way through which a user can begin trading is through the usage of many of the available Bitcoin wallets, which support the Lightning Network. These include Wallet of Satoshi, Breez, Blue Wallet, Phoenix, Muun, BLW, Zap, and Zeus.
There is also an option for advanced users that want to run their own self-hosted Bitcoin and Lighting Nodes, which are given the opportunity to connect directly with the Kollider nodes. However, they need to contact the Kollider team directly to do so. There is also WebLN support planned for users that want to connect their nodes to Joule, with the goal of transacting within the browser.