Sai Launches Sai Perps: Gasless, Onchain Perpetuals with CEX-like UX
Sai has launched Sai Perps, a perpetuals DEX built on the Nibiru smart‑contract ecosystem that aims to combine a centralized-exchange (CEX)-like user experience and execution speed with onchain settlement and self-custody. Key features: gasless transactions and gasless UX, onchain trade settlement for transparency and guaranteed execution, oracle-settled pricing tied to global markets to reduce scam wicks, and single-asset vault collateral supporting USDC and platform-listed tokens such as stNIBI (Nibiru liquid‑staked token). Sai emphasizes liquidity provisioning, low-slippage execution even in light markets, robust risk systems and oracle design. To mark the launch, Sai is running a one‑month onchain trading competition “Let’s Go Saicho” (Feb 18–Mar 19, 2026) with a $25,000 prize pool split into a Feb 18–Mar 4 P&L contest (50 winners share $20,000) and a Mar 5–Mar 19 “Be Early” first-come phase (50 winners share $5,000). The roadmap signals expansion into tokenized stocks, commodities and FX markets, cross‑chain deposits, Sai Savings (yield on deposits) and smart accounts for gasless trading. For traders: Sai Perps offers an onchain alternative to CEX perpetuals that could attract liquidity and orderflow seeking self‑custody with CEX-like UX; monitor initial liquidity, slippage, and oracle robustness before allocating capital. This press release is sponsored and not investment advice.
Neutral
The launch of Sai Perps is market‑relevant but not directly price-moving for a specific token listed in the articles. The product targets traders seeking CEX-like UX with onchain settlement and could attract liquidity away from other perpetual platforms. Short-term effects: neutral to modestly positive for platform adoption as the trading competition and gasless UX may drive onboarding and orderflow; however, immediate price impact is limited absent token incentives or large liquidity backers. Medium‑to‑long term: if Sai delivers low slippage, deep liquidity and robust oracle/risk designs, it could steadily increase demand for Nibiru ecosystem assets (e.g., stNIBI) and onchain perpetual volumes, which would be bullish for associated tokens. Downside risks include weak initial liquidity, execution issues, or oracle exploits that could deter traders and produce negative sentiment. Overall, expect neutral short‑term price action with potential bullishness over time conditional on execution and growth metrics.