BitDEX: A decentralized exchange for perpetual swaps

Universal Market Access (UMA) is a platform for financial product innovation on Ethereum. The project is comprised of two intersectional products: a synthetic token issuance platform and an oracle mechanism. 

Recently, the UMA team published a paper, BitDEX: Building a Decentralized BitMEX using Priceless Financial Contracts, outlining a specification for a bi-lateral Contract for Difference (CFD) architecture like that employed by BitMEX’s perpetual swap product.