01 is an orderbook-based decentralized exchange focusing on crypto derivatives. The project was launched in January 2022.
On 01, users can trade perpetual futures and power perpetuals (a derivative form of perpetual futures), borrow and lend assets, and stake tokens.
01 charges liquidation fees. Currently, 01 does not have a native token. 01's investors include Alameda Research, Multicoin Capital, Solana Ventures, Ledger Prime, Pattern Research, Finlink Capital, and Dropout Syndicate, among others.