Horizon Protocol has recently approved HIP-16, paving the way for the listing of XRP, Cardano (ADA), and Chainlink (LINK) on Horizon Futures. This move is in line with Horizon’s aim to expand its trading options and cater to a wider range of investors. As of Thursday, users can trade these newly listed assets with low fees and leverage of up to 27.5x.
The decision to list XRP, ADA, and LINK follows input from the community, demonstrating Horizon’s commitment to incorporating user feedback in its decision-making process. By adding these popular cryptocurrencies, Horizon hopes to increase decentralized access to synthetic assets that mirror real-world economic conditions.
Listing these assets is part of Horizon Protocol’s strategy to enhance decentralized trading opportunities and help traders diversify their portfolios. The platform will make system adjustments to seamlessly integrate these assets and will closely monitor their performance to inform future enhancements and listings.
Horizon Protocol leverages the peer-to-peer model to provide DeFi traders with enhanced liquidity, low fees, and zero slippage. Traders can use swaps and perpetual futures for real-world assets like fiat currencies and commodities. The addition of XRP, ADA, and LINK aligns with Horizon’s goal of optimizing DeFi derivatives in real-world assets.
By focusing on trading real-world assets, Horizon Protocol aims to bridge the gap between decentralized finance and the traditional economy, offering traders opportunities to engage with synthetic assets that reflect real-world value. The recent listing of XRP, ADA, and LINK follows the integration of Solana (SOL) in late June, further solidifying Horizon’s position in the decentralized derivatives market.