In a win for cryptocurrency holders, decentralized derivatives platform Horizon Protocol has announced the listing of XRP, Cardano (ADA), and Chainlink (LINK) on its Horizon Futures marketplace. The news comes after the approval of proposal HIP-16 by the Horizon community, paving the way for users to trade these popular assets with leverage of up to 27.5x and low fees starting this Thursday.
This move aligns with Horizon’s mission to expand its offerings and empower users with diverse trading options. The official announcement highlighted the importance of community input in approving HIP-16, showcasing Horizon’s commitment to user-driven decision-making.
The listing signifies a significant step forward for Horizon’s goal of facilitating access to the real-world economy through synthetic assets. The platform leverages a peer-to-peer model, offering DeFi traders advantages like deep liquidity, minimal fees, and zero slippage when trading synthetic assets that mirror real-world instruments. Horizon emphasizes its commitment to unlocking the full potential of DeFi derivatives for real-world assets (RWA) like fiat currencies and commodities.
The addition of XRP, ADA, and LINK follows another major development in late June. Proposal HIP-15 secured the integration of Solana (SOL) onto the platform. Horizon expects the synthetic version of SOL (zSOL) to become the fourth-largest asset on its spot exchange, reflecting the high demand for Solana in the market.
With these new listings and a focus on RWA integration, Horizon Protocol is well-positioned to become a key player in the burgeoning DeFi derivatives space. This user-centric approach, coupled with a commitment to innovation, positions Horizon to empower traders and unlock new avenues for participation in the decentralized financial landscape.
