Cryptocurrency February 18, 2026

Sai Debuts Perps Platform Aiming to Pair CEX-Style Speed with Full Onchain Settlement

New gasless perpetuals venue launches alongside a month-long $25,000 trading competition to attract active traders

By Sofia Navarro
Sai Debuts Perps Platform Aiming to Pair CEX-Style Speed with Full Onchain Settlement

Sai introduced Sai Perps, a perpetuals trading venue that seeks to combine the execution speed and user experience of centralized exchanges with the transparency and settlement guarantees provided by onchain infrastructure. The launch includes gasless transactions and a one-month trading competition running February 18 through March 19, 2026, with $25,000 in prizes across two phases.

Key Points

  • Sai Perps launches with gasless onchain settlement and a trading experience intended to mirror centralized exchanges.
  • The platform emphasizes liquidity, risk systems, and oracle design to support deeper, more consistent market execution.
  • Sai announced a one-month trading competition with $25,000 in prizes, split into a PNL competition and a first-come, first-serve early participation phase; roadmap includes expanded markets and capital efficiency features.

Panama City, Republic of Panama - February 18, 2026

Sai has formally launched Sai Perps, a new perpetuals trading platform designed to deliver a trading experience that replicates the speed and familiarity of centralized exchanges while ensuring full settlement onchain. The platform emphasizes gasless transactions to reduce friction for traders without foregoing the transparency and self-custody properties associated with onchain settlement.

Matthias Darblade, a Sai contributor, said: "Onchain markets shouldn't require traders to compromise between speed and self-custody." He added that Sai Perps is targeted at active traders who prefer a clean, centralized-exchange-like interface but also want the verifiability and settlement guarantees that onchain systems provide.


Product positioning and technical priorities

Sai markets itself on the premise that trading perpetuals need not force a trade-off between accessibility and onchain guarantees. The product messaging highlights a CEX-like user experience combined with onchain settlement, allowing trade data and final settlement to be verifiable onchain even as user interactions are designed to feel fast and intuitive.

The platform's technical focus centers on three areas called out by Sai: liquidity provisioning, risk systems, and oracle design. Sai says these components are being emphasized to support deeper and smoother markets and to enable more consistent execution and integrity across its order flow.

Sai also notes that the platform is intended to be approachable for both novice traders and experienced market participants by optimizing speed and clarity while retaining advanced trading functionality.


Competition and product differentiation

In outlining how Sai differs from other perpetual decentralized exchanges, the platform points to its combination of a streamlined trading interface with full onchain settlement, substantial investment in market infrastructure, and a roadmap that extends beyond crypto perps. Sai says it will pursue additional asset classes including stocks, commodities, and FX markets, and plans to introduce capital efficiency features such as Sai Savings, cross-chain deposits, and support for smart accounts to enable gasless trading.


Promotional campaign - Let’s Go Saicho

To accompany the launch, Sai unveiled a one-month onchain trading competition titled Let’s Go Saicho, which runs February 18 through March 19, 2026. The competition carries a total prize pool of $25,000 and is split into two two-week phases designed to reward different types of engagement.

  • Phase 1 (Feb 18 - Mar 4): PNL Competition - $20,000 prize pool, 50 winners
  • Phase 2 (Mar 5 - Mar 19): Be Early (first-come, first-serve) - $5,000 prize pool, 50 winners

All markets listed on Sai are eligible for both phases. Traders may take long or short positions on any listed pair using supported collateral, for example USDC and other assets such as stNIBI where available on Sai. Sai has published further competition details on its platform for participants seeking more information.


Roadmap and operational focus

Sai describes its near-term priorities as finalizing its core trading infrastructure and user experience, strengthening liquidity and risk systems to support smoother execution, and preparing the base for yield features that allow users to earn on idle collateral. Beyond those items, Sai has listed future initiatives: expanded markets that include stocks, commodities, and FX; Sai Savings to provide yield on deposits; cross-chain deposit flows; and smart accounts to facilitate gasless trading.


Contact

PR and media inquiries are directed to [email protected].

Risks

  • Sai is still focused on finalizing core trading infrastructure and user experience, which introduces execution and operational uncertainty for the new platform - this affects crypto derivatives markets and trading infrastructure providers.
  • The platform's performance and market integrity depend on liquidity provisioning, risk system design, and oracle reliability - shortcomings in these areas could impact execution quality across Sai-listed markets.
  • Adoption of Sai's planned features such as cross-chain deposits, Sai Savings, and expanded asset classes is contingent on further product development, creating uncertainty about timing and availability of those services - this bears on DeFi capital efficiency and collateral management.

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