An amuse-bouche
Perpetual futures contracts/leverage trading:
A derivative financial instrument that enables traders to speculate on price movements without owning the underlying assets Leverage is used to increase trading positions beyond the cash balance. Brokerage accounts offer margin trading, where the broker provides borrowed funds.

The main
Introducing BlueSpade, the first decentralized perpetual exchange that offers 100x with no staking requirements. With Bluespade, users can trade leveraged positions with minimal fees and zero price impact. The trades and collateral are transparently stored on-chain.
But that’s not all. Unlike other exchanges, Bluespade values decentralization, transparency, and community. That’s why they’ve brought perpetuals on-chain, allowing the community to participate in providing liquidity and sharing 90% of the protocol fees.
Adding to the transparency, the BlueSpade founder, Laurentiu, is fully doxed and has been KYC’d by the Eibsu’s Bay team and his LinkedIn profile is attached to his socials!
So, how does it work? Simple. Trading on Bluespade is just like trading on any other perpetual exchange. Users initiate trades using their collateral, which is supported by a multi-asset pool called the Bluespade Liquidity Pool (BLP). This pool earns fees from automated market making, swap fees, and leverage trading, ensuring a steady stream of income that is distributed to holders of the $BLU token, $BLP token.
But what about pricing? Bluespade has that covered too. They are using two oracles; BAND and Pyth protocols so that prices are accurate and prevent manipulation. A first on Cronos.

The dessert:
BlueSpade has partnered with Bored Candy City to launch the $BLU token on May 15, 2023. There are going to be 2 million $BLU tokens available with a ratio of 1 $CRO to 1 $BLU.