Sai has officially launched Sai Perps, a new onchain perpetuals trading platform that aims to give active traders a “clean, CEX-like experience” without sacrificing the transparency and settlement guarantees of decentralized infrastructure.
What Sai is pitching
- Onchain settlement with gasless transactions: Sai says traders won’t have to choose between speed and self-custody—transactions execute onchain while the front-end removes gas friction.
- CEX-like UX, DEX guarantees: The interface and execution are designed to feel familiar to centralized-exchange users, but trades settle publicly onchain.
- Built on Nibiru: Sai Perps is built atop the Nibiru smart contract ecosystem, emphasizing liquidity provisioning, risk systems, and oracle design.
Key mechanics and assets
- Oracle-settled pricing: Sai’s oracle pulls global market prices, which the team says reduces scam wicks and keeps slippage low even when visible liquidity is light.
- Flexible collateral and single-asset vaults: Traders can reuse capital across positions. Users can also deposit single assets (USDC or Nibiru’s liquid-staked NIBI, stNIBI) into vaults to earn a share of fees without managing asset pairs.
Markets and launch
Sai went live on Feb. 18, 2026, with 25+ perp markets including BTC, ETH and SOL. The platform touts fully onchain, transparent execution while keeping the user experience streamlined and familiar.
From the team
“Onchain markets shouldn’t require traders to compromise between speed and self-custody,” said Sai contributor Matthias Darblade in a statement shared with Decrypt. “Sai Perps is designed for active traders who want a clean, CEX-like experience, while still getting the transparency and settlement guarantees that only onchain infrastructure can provide.”
Promotions and roadmap
To mark the launch, Sai unveiled a month-long trading competition, Let’s Go Saicho, with a $25,000 prize pool:
- Phase 1 (PNL contest): Feb. 18–Mar. 4 — 50 winners share $20,000 (for profitable traders).
- Phase 2 (“Be Early”): Mar. 5–Mar. 19 — first-come, first-serve rewards for early traders who meet minimum volume thresholds; 50 winners share $5,000.
Looking ahead, Sai plans to expand into stocks, commodities and FX markets, add cross-chain deposits and introduce Sai Savings (a yield-on-deposits product).
Bottom line: Sai Perps is positioning itself as a bridge between CEX usability and onchain settlement—targeting active traders who want fast, familiar trading without giving up transparency and custody.
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