【Pharos Network and Bitverse reach cooperation to launch a perpetual contract decentralized trading platform】According to Golden Finance, Pharos Network has reached a cooperation with the decentralized Web3 wallet Bitverse to build a perpetual contract decentralized trading platform (PerpDEX) on the Pharos network. This platform will employ UTA engine technology, supporting perpetual contract trading of cryptocurrencies and U.S. stocks among other assets. The platform will adopt a low-latency architecture, with Bitverse serving as a liquidity provider, responsible for connecting to the Ethereum stablecoin liquidity pool to support liquidity for the Pharos ecosystem. According to Wu Wish, co-founder and CTO of Pharos Network, this platform will integrate Web2 and Web3 technologies to enhance on-chain trading efficiency.

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