Ostium's hybrid approach is quite pragmatic; pure on-chain execution latency simply can't handle perpetuals at all.

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CryptoFrontier
Ostium Upgrades Backend, Adds Institutional Liquidity Partners
Onchain perpetuals exchange Ostium unveiled a major backend infrastructure overhaul on Tuesday, according to the team's announcement. The platform introduced a new real-time decentralized execution layer representing a novel application of onchain liquidity pools with offchain hedging, and added
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