Decibel is an On-chain trading protocol that integrates multiple functions, ensuring high speed comparable to centralized exchanges while maintaining the transparency of DeFi.
Launched on Aptos Devnet with support from Aptos Labs, Decibel offers spot trading, perpetual contracts, and profit-making strategies, while aiming to process up to 1 million orders per second with a block creation time of under 20ms.
MAIN CONTENT
Decibel has just launched on Aptos Devnet, currently open for invitation-only testing.
Supports spot trading, perpetual contracts, yield strategies along with cross-margin accounts and vaults that can be combined.
What is Decibel and what are the highlights of this protocol?
Decibel is an On-chain trading protocol supported by Aptos, offering various financial products such as spot trading, perpetual contracts, and yield farming strategies. Notably, Decibel aims to achieve a processing capacity of 1 million orders per second with a block time under 20ms, providing a speed experience equivalent to centralized exchanges.
The protocol applies cross-margin and modular vaults allowing users to optimize portfolios and diversify investment strategies within a single platform. The collaborative development with Aptos Labs and governance by Decibel Foundation helps continuously improve and upgrade the system.
Does Decibel ensure transparency and security?
Decibel maintains all transactions and governance On-chain, ensuring maximum inherent transparency of DeFi. Through the governance mechanism centralized at Decibel Foundation, upgrades and changes are managed transparently.
High processing speed does not compromise safety; instead, operating on the Aptos Devnet network contributes to thorough testing before going live on Mainnet, ensuring long-term security and stability.
What roles do Aptos Labs and Decibel Foundation play in this ecosystem?
Aptos Labs is responsible for technical development, providing ongoing support for Decibel to implement new technological upgrades. Meanwhile, the Decibel Foundation takes on the role of governance, coordinating the community and making strategic decisions for the platform's development.
"Decibel aims to establish the primary On-chain financial execution platform for Aptos, ensuring a balance between speed, performance, and transparency in DeFi."
Aptos Labs Representative, 2024
How does Decibel compare to other solutions?
Decibel Criteria (Aptos) Other On-chain Solutions Processing speed 1 million orders/second Usually a few thousand to tens of thousands of orders/second Block creation time Under 20ms From several hundred ms to several seconds Transparency Entirely On-chain, public governance Diverse, may have centralized or semi-centralized foundations Supported trading types Spot, perpetual contracts, yield, cross-margin Usually focuses on one or a few types
Frequently Asked Questions
How many orders can Decibel handle per second?
Decibel aims for a processing capability of 1 million orders per second, significantly higher than many traditional On-chain platforms.
What is the transaction processing latency of Decibel?
The block creation time of the system is under 20ms, enabling transactions as fast as on centralized exchanges.
Is Decibel safe for users?
With all on-chain data and governance along with support from Aptos Labs, Decibel ensures high security and transparency.
Who is responsible for governing Decibel?
Decibel Foundation is the governance organization that decides on upgrades and development policies for the platform.
Has Decibel officially launched on Mainnet?
Currently, Decibel is in the invitation-only testing phase on Aptos Devnet, not yet launched on Mainnet.
Source: https://tintucbitcoin.com/decibel-aptos-ra-mat-testnet-cex/
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