Overview
- The Decibel Foundation said mainnet trading is live following a testnet that drew more than 700,000 accounts, about 132,000 daily active users, and over 1 million trades per day.
- Users committed more than $58 million through a pre-deposit campaign, with a substantial share funded from Ethereum and Solana as well as Aptos and centralized exchanges.
- The platform implements a fully onchain central limit order book and a deterministic risk engine that enforces margin, mark pricing, and liquidation rules via smart contracts.
- usDCBL, a dollar stablecoin issued by Bridge, a Stripe company, serves as default collateral with reserves in cash and short‑term U.S. Treasuries and yield retained within the protocol.
- Market-making and liquidation backstops come from a Decibel Liquidity Pool with Gauntlet-designed risk parameters, and Chainlink powers pricing feeds, with the foundation outlining a roadmap for spot, multi-collateral accounts, and tokenized real‑world assets.