What is Pika Protocol?
Pika Protocol is a decentralized leverage trading platform built on the Optimism Layer 2 network, allowing users to engage in perpetual swap trading with leverage up to 100x. The protocol focuses on providing a trading experience that mirrors the functionalities of centralized exchanges while maintaining the security and trustlessness of DeFi.
Pika Protocol supports a wide range of assets, including cryptocurrencies, forex, and commodities. It offers a user-friendly trading process where traders can swap assets directly from their wallets without the need to deposit funds into the platform, enhancing both security and convenience. By leveraging Optimism, Pika Protocol significantly reduces gas fees, making trading more cost-effective for users.