Tokenless Perp DEXs Compared: Where to Farm Before TGE

Rickler Feed (@rickler_feed), Apr 20, 2026, 18:09 UTC

Tokenless Perp DEXs Compared: Where to Farm Before TGE • Variational runs an RFQ model on Arbitrum - no orderbook, no pool. The OLP quotes you directly, sourcing liquidity from CEXs, DEXs, and OTC. Zero fees, plus a loss rebate that refunds 2–4% of your losses. 50% of $VAR supply goes to community. • Extended is built by ex-Revolut team on Starknet. 50+ markets including TradFi pairs (gold, oil, S&P 500, EUR/USD), 100x leverage. Hybrid CLOB - off-chain matching under 10ms, on-chain settlement. • Grvt is a hybrid exchange on ZKsync Validium. Collateral earns up to 11% APY via Aave while use…

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