About Spin
What is Spin and how does it work? What is Spin token SPIN how is it used? Where can I get Spin SPIN tokens? What are the key features and benefits of Spin? How can I learn more about Spin and stay up-to-date?
Spin is a DeFi derivatives infrastructure built on NEAR Protocol, a reliable and scalable L1 solution. The on-chain order book solution offered by Spin provides a CEX-competitive experience to DeFi users. Founded in June 2021, Spin was the first product to offer on-chain order book solution on NEAR Protocol.
The advantages of the order book model include better user experience compared to AMM, flexible liquidity, easy access for institutional traders, secure and transparent on-chain verification, opportunity to price different types of instruments, and trading robots interoperability. The order book based infrastructure unlocks the opportunity to build various types of derivatives with different levels of complexity in the DeFi space including but not limited to perpetual & quarterly futures, power perpetuals, floor perpetuals, options, exotic options, everlasting options, options vaults, basis trading, fixed yield, structured products, and RFQ.
SPIN token is a Spin native utility token that ensures the sustainable development of the platform and also provides additional incentivization opportunities for the community.
