Trading Decentralized
Obibit is the leading DeFi protocol developer for advanced trading. Trade 33 cryptocurrencies with low fees, deep liquidity, and up to 20× Buying Power.
Chains Supported on Obibit
Obibit is the most trusted crypto trading platform
Obibit is the leading DeFi protocol developer for advanced trading. Trade 33 cryptocurrencies with low fees, deep liquidity, and up to 20× Buying Power.
Features,
Obibit stands out as a cutting-edge decentralized exchange built on the innovative Osmosis chain. Offering users a seamless and secure platform, Obibit enables effortless token swaps with minimal hassle. With a focus on decentralization, it ensures user autonomy over their assets. The exchange incorporates advanced technology to provide a robust and efficient trading experience.
- Fully Decentralized
- Self Custody
- Simple onboarding
- Earn Trading Rewards
- Fully Opensource
Easy step to use Obibit Exchange
Easyiest onboarding ever,
Create / Link your wallet
Get started with Obibit Exchange with your existing wallet.
Add Funds
Add funds in wallet and start onboarding
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you're good to go.
Users around the world have a great experience with Obibit
Nexto is a place of trust for millions of people. Our customer reviews overall and is rated just 4.5 out of 5 stars on Trustpilot. It is the right place for you.
“I found Obibit very professional and trustworthy during my crypto trading duration of 147 days. They are very honest and trusted.”
- Karen Lynn
Founder“Trustable ☺️ Best way to earn passive income. Everything was well explained and it was easy to follow their clear. Very legit in crypto world.”
- Francois Malan
UI/UX Designer“100% Trusted. Very legit in crypto world. So far I'm satisfied with Nexto. I just wish this will continue at this way and there will be no sudden changes.”
- Subash Rajendran
Software engineer“More than just satisfied.Trustable site and the owner is very friendly & calm. And it’s great! The 0,5-1% daily on average is the target.”
- Nadir Zeblah
Manager @ Company“The best place to start your trading path, thank you for support. Its a safe passive income strategy and will be multiply over time 😍.”
- Milan Milenkovic
Businessman“Best crypto scam investigator. It took less than 24h and gave all the details about the scammer and guided me. My heartfull thanks 💗 ”
- Abdul Wadud
WP DeveloperDo you have any questions about cryptocurrency? Ask us
Frequently asked questions qbout cryptocurrency & blockchain technology. Cryptographic security for conducting trusted transactions.
Q. What is Obibit ?
Obibit stands out as a cutting-edge decentralized exchange built on the innovative Osmosis chain. Offering users a seamless and secure platform, Obibit enables effortless token swaps with minimal hassle. With a focus on decentralization, it ensures user autonomy over their assets. The exchange incorporates advanced technology to provide a robust and efficient trading experience.
Q. How do i Deposit and Withdraw from layer 2?
For deposits, users can deposit funds to their account by sending a Layer 1 Ethereum transaction, specifying the amount, their position (vault) id, and their Stark Key through their wallet. Users can deposit USDC, or any other supported asset which can be converted to USDC on-chain via the 0x API. After the deposit transaction is mined, 10 Ethereum network confirmations (usually around 3 minutes) are required for your funds to be available to trade.<br><br>Two types of withdrawals will be supported: <strong>Slow</strong> and <strong>Fast</strong> Withdrawals. Slow withdrawals must wait for a Layer 2 batch to be proved before they are processed. Layer 2 batches are proved roughly once every few hours, though this could be more or less frequent based on network conditions. Slow withdrawals occur in two steps: first the user requests a slow withdrawal, then once the next Layer 2 batch is proved the user must send a Layer 1 Ethereum transaction to claim their funds.
Q. Are the new smart contracts audited?
We take the security of our smart contracts extremely seriously. We’ve conducted rigorous internal testing and contracted independent top security firm PeckShield to perform a thorough audit of our smart contracts. Our audit will be open-source, and verifiable by anyone. Further, our track record speaks for itself: since launching our first product in October of 2018, Obibit is one of the only major DeFi protocols that has yet to receive a bug report of user funds being at-risk. No users have ever lost funds on Obibit.
Q. What is the future of decentralized exchange?
While DEXs have become increasingly popular for spot products, we expect DEXs to become just as popular for margin and perpetual markets in the coming years. This is largely due to the fact that decentralized margin and perpetuals are newer and take time for users to adopt. Further, we think DEXs will continue to gain market share in relation to centralized exchanges, due to lower frictions to onboard, better UI/UX, increased security guarantees, and more attractive products to trade. Obibit combines the security and transparency of a DEX, with the speed and usability of a CEX. We think DeFi will supersede traditional finance technology only if the user experience & design are exceptional
Q. Are my funds safe on Layer 2?
In order to guarantee self custody of the funds, at any point in time, a user may opt to perform a forced request. Forced requests are initiated by a Layer 1 transaction, to avoid censorship. In case that the request is not served within a limited time frame, the user is able to freeze the StarkEx contract (and thus the exchange) and withdraw directly from the frozen contract. There are two forced actions: forcedWithdrawal andforcedTrade.When a forcedWithdrawal request is submitted, the StarkEx Contract either withdraws funds for you, or proves that the request is illegitimate (e.g. a user requests to withdraw more money than their off-chain position.) If StarkEx fails to withdraw funds within a limited timeframe, a user can call to the function - effectively preventing the StarkEx contract from changing its state, and enabling an “escape mode”, in which users can exit with USDC based on the total value of their position in the last accepted on-chain batch.When a forcedTrade request is submitted, two users trade between them a certain amount of some synthetic against another amount of collateral, to submit these amounts on-chain. Either the system performs the trade (or proves its invalidity), or the users get the ability to freeze the on-chain StarkEx Contract, and retrieve their funds.
Q. What's next for the platform?
After our Layer 2 launch, we will focus on decentralizing more parts of our technology stack and handing over more control to our users. This will be a gradual process that could ultimately result in a DAO to govern the community. We are taking a careful look at different design tradeoffs.
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