We’re thrilled to congratulate Arbitrum on the successful mainnet release of Stylus! This major milestone is a testament to the cutting-edge innovation that Arbitrum continues to bring to the blockchain space. As one of the projects building on Arbitrum, we at CVEX are particularly excited about the benefits this release will bring to our platform and the broader crypto community.
Stylus is set to change the way smart contracts are written and executed. This is a win for developers and the entire ecosystem that depends on faster, cheaper, and more efficient blockchain solutions.
In this blog, we’ll explore how Stylus will expand CVEX’s capabilities and what this means for our traders. From significantly improved computation efficiency to reduced transaction costs, Stylus is poised to reshape the future of on-chain derivatives trading.
Key takeaways:
Arbitrum Stylus is a breakthrough technology that introduces a new approach to building smart contracts. Unlike traditional Solidity-based contracts, Stylus leverages WebAssembly (WASM), which opens the door to writing contracts in languages like Rust. This not only expands the options for developers, but also drastically improves the efficiency of contract execution.
Stylus operates with full compatibility with the Ethereum Virtual Machine (EVM), meaning it integrates seamlessly with existing Ethereum-based protocols. This "MultiVM" setup allows developers to mix and match contracts, optimising them for performance while preserving the ability to interoperate with the broader Ethereum ecosystem.
The result? More flexible, powerful, and efficient contracts that still fit within the familiar Ethereum environment.
At CVEX, we made a deliberate choice to build on Arbitrum’s Stylus, and the reasons are clear. The key benefit lies in the interoperability that Stylus provides between WebAssembly (WASM) and Solidity. This allows us to develop smart contracts in Rust, which gives us access to decades of compiler advancements through LLVM. By doing so, we can create more advanced and efficient contracts while still maintaining compatibility with the Ethereum ecosystem, thanks to Stylus' seamless integration with the EVM.
Our CTO, Ivan, summarised this perfectly:
"Thanks to Stylus, we can fully exploit the potential of Rust, WASM, and LLVM to create advanced and efficient smart contracts while preserving complete interoperability with the entire Ethereum ecosystem. This makes Stylus the only real choice for implementing fully functional portfolio margin management for derivatives trading on-chain."
Stylus’ unique capabilities allow us to efficiently use Rust’s powerful development ecosystem to create robust and cost-efficient contracts. This gives our traders the advantage of lower fees and higher performance without compromising on the security and flexibility of Ethereum’s extensive infrastructure.
Stylus brings cutting-edge technological benefits to CVEX, transforming the efficiency, cost-effectiveness, and security of our platform. By utilising Rust and WebAssembly (WASM), Stylus allows us to significantly optimise our protocol for better performance and scalability.
Below, we dive into the three key advantages that Stylus delivers to CVEX and our users:
One of Stylus's standout features is its ability to provide over 10x improvements in computation and memory usage, thanks to its integration with Rust and WebAssembly. This optimisation is crucial for handling the heavy computational loads associated with derivatives trading. By leveraging these technologies, CVEX is able to execute trades faster and manage more complex portfolios with greater efficiency.
This leap in performance allows us to scale our operations and offer a superior trading experience. It ensures that high-volume transactions run smoothly, even during peak market conditions. The increased efficiency also helps lower the platform’s operational costs, further benefiting our traders.
Stylus directly reduces transaction costs. One persistent challenge in decentralised finance (DeFi) is the high gas fees associated with smart contract execution. However, by incorporating Stylus, which optimises gas usage, CVEX can significantly lower these fees.
This reduction in gas costs means that our users can trade more frequently without being burdened by excessive fees. For traders managing large portfolios or executing frequent transactions, this translates into substantial savings over time, making CVEX a more cost-effective option compared to other platforms.
Security is paramount in any DeFi platform, and Stylus offers advanced features that elevate the safety of smart contracts. Rust’s inherent safety features, such as reentrancy detection (enabled by default), allow CVEX traders to enjoy a higher level of security. This prevents malicious attacks that could exploit vulnerabilities in contract execution.
By building on Stylus, CVEX ensures that every contract benefits from Rust's rigorous security protocols combined with the proven fraud-proofing technology integrated within Arbitrum’s Nitro framework.
One of Stylus's key strengths is its seamless interoperability with the Ethereum Virtual Machine (EVM), a feature that CVEX fully leverages. By being EVM-compatible, Stylus allows CVEX to bridge multiple blockchain ecosystems — such as Ethereum, Arbitrum, Base, and Optimism — making cross-ecosystem transactions smooth and hassle-free for our users.
For traders on CVEX, this means they can move funds between these various networks without facing the complexities that typically come with cross-chain trading. The integration of Stylus allows us to offer a unified trading experience, letting users benefit from the strengths of multiple chains while staying within the familiar Ethereum ecosystem.
The introduction of Arbitrum’s Stylus mainnet is a groundbreaking achievement for the blockchain space, and CVEX is proud to be building on this technology. Stylus redesigning the efficiency, scalability, and security of our platform while also lowering transaction costs and making cross-ecosystem trading a reality for our users.
We congratulate Arbitrum on this incredible milestone and look forward to continuing our work with Stylus to bring even more innovations to the crypto derivatives trading space. The future is bright, and we’re excited to explore the endless possibilities that Stylus unlocks for both CVEX and the broader DeFi community.
