Jupiter unveils its ambitious plan to revolutionize the perpetual marketplace. Breaking away from the industry’s tendency for quick fixes, Jupiter is charting a course for long-term sustainability through strategic alliances with tech powerhouses.,This bold move, announced by co-founder meow, signals a paradigm shift in how perpetual contract platforms operate, promising to transform the often zero-sum game of crypto trading into a collaborative ecosystem where both traders and liquidity providers can thrive.,Jupiter announced strategic collaborations aimed at enhancing its perpetual marketplace. The news was shared by Jupiter co-founder meow through a post on the X platform, highlighting the company’s commitment to sustainable growth and improvement in the perpetual contract market.,In his statement, meow emphasized that maintaining a viable perpetual contract market requires ongoing engagement from both traders and liquidity providers. Jupiter’s vision is to move beyond the traditional zero-sum game approach, instead focusing on building a platform where all parties can work together to meet their risk and return objectives. To achieve this, Jupiter is taking a measured approach, prioritizing comprehensive improvements over quick fixes.,The company has forged partnerships with industry leaders Chaos Labs, Gauntlet, and Offside Labs to drive these improvements. These collaborations will focus on conducting in-depth user data analysis to refine parameters, addressing complex technical challenges such as oracle functionality and data delays, and implementing holistic solutions to existing issues. Jupiter also plans to roll out significant upgrades to its oracle systems and data infrastructure.,This announcement follows the recent launch of Jupiter’s risk monitoring and alert platform by Chaos Labs, an on-chain risk analysis platform. This new tool enables Jupiter users to track crucial metrics including trading volume, open contracts, trader profits and losses, market liquidity, and liquidation data, providing enhanced transparency and risk management capabilities.,Also Read: Donald Trump to Attend Bitcoin 2024 Conference, Is It Another Election Ploy?,Jupiter is considering a potential relaunch of its Jupuary initiative, with the decision to be put to a community vote in the coming weeks. This move highlights Jupiter’s shift towards a more community-driven approach in its decision-making process.
Co-founder Meow has indicated that if relaunched, Jupuary’s design will differ significantly from its first iteration, suggesting that lessons learned from the initial launch will be incorporated into a potentially refined and improved version.,The upcoming vote will be a crucial moment for the Jupiter community, not only determining the fate of Jupuary but also setting a precedent for community involvement in Jupiter’s future projects. This approach aligns with Jupiter’s overall strategy of fostering a collaborative ecosystem and engaging its user base in key decisions.,Also Read: House Vote on SEC SAB 121 Postponed After Alleged Biden Letter,
https://coinniu.com/jupiter-announces-strategic-collaborations-to-boost-perpetual-marketplace/
