The perpetual contract exchange Decibel, incubated by Aptos Labs, announced its official launch. Decibel uses a Central Limit Order Book (CLOB) model, with order placement, matching, settlement, and risk management all executed on-chain through smart contracts on Aptos. Previously, the project attracted over $58 million in funding during the pre-deposit phase. The Decibel Foundation stated that it plans to add spot markets, multi-collateral accounts, and tokenized real-world assets, expanding its business beyond crypto derivatives. (CoinDesk)

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