Core Concepts

XODEX's core concepts revolve around providing a seamless, secure, and efficient decentralized trading experience. By leveraging advanced technologies, XODEX ensures robust and trustless transactions across multiple blockchain networks. This section will explore the foundational principles and innovative features that make XODEX a leading platform in the decentralized finance (DeFi) space.

AMM Swaps

What are AMM Swaps?

Automated Market Maker (AMM) swaps are a core feature of XODEX, allowing users to trade tokens directly from their wallets in a decentralized manner. Unlike order book models, AMMs use liquidity pools where users can provide liquidity and trade against those pools, enabling instant and permissionless swaps without relying on a centralized party.

XODEX enhances this model by supporting AMM swaps across multiple blockchain networks, including Ethereum (ERC-20), Kaspa (KRC-20), and others. This allows users to swap tokens seamlessly within and across these networks, benefiting from the liquidity and unique features of each chain.

Benefits of AMM Swaps in XODEX

Omnichain Flexibility: XODEX enables omnichain AMM swaps, meaning users can trade tokens across different blockchains without needing to bridge assets manually. For example, users can swap KRC-20 tokens on Kaspa with ERC-20 (Stablecoin) on Ethereum directly from within the platform.
Unified Liquidity Pools: Liquidity is consolidated across supported networks, which reduces slippage and provides better pricing for trades. This benefits users who are trading less liquid assets or tokens from emerging chains like Kaspa.
Decentralized and Secure: The omnichain swaps are facilitated using cross-chain smart contracts, utilizing multi-party computation (MPC) and threshold signature schemes (TSS) for secure, decentralized execution.
Expanded Market Access: With XODEX, users have access to a broader range of assets, from well-known tokens like ERC-20 on Ethereum to newer assets like KRC-20 on Kaspa, allowing for greater trading flexibility.
Low Fees and Fast Execution: The integration of high-performance networks like Kaspa and the efficient cross-chain capabilities of XODEX ensure that swaps are executed quickly and with minimal fees, making it cost-effective for users.

XODEX’s AMM swap feature provides a powerful and versatile trading experience, combining the liquidity and simplicity of AMMs with the power of omnichain technology, all while supporting various token standards like ERC-20 and KRC-20, among others.

Perpetual Markets

What are Perpetual Markets?

Perpetual markets allow users to trade derivative contracts that do not have an expiration date, enabling traders to hold their positions indefinitely. These perpetual futures contracts are designed to closely track the price of the underlying asset through a funding rate mechanism, ensuring that the contract price remains aligned with the spot price. Unlike traditional futures markets, perpetual markets provide continuous trading opportunities without the need for contract rollovers.

On XODEX, perpetual markets offer a decentralized alternative to traditional centralized trading platforms, providing users with a familiar trading experience combined with the security and transparency of blockchain technology.

Key Features of Perpetual Markets on XODEX

High Leverage Trading: XODEX supports leveraged trading, allowing users to amplify their exposure to various assets and potentially increase their profits by trading with leverage.
Decentralized Order Matching and Execution: Perpetual contracts on XODEX are matched and executed in a decentralized manner, preserving trustless trading while eliminating reliance on centralized intermediaries.
Diverse Asset Support: Perpetual markets on XODEX support a wide range of assets across multiple blockchains, providing traders with a variety of options for trading opportunities.
Risk Management Tools: The platform offers advanced risk management features such as stop-loss and take-profit orders, enabling users to better manage their positions and protect their investments.
CEX-like Trading Experience with Decentralized Custody: XODEX provides a user-friendly interface and trading experience similar to centralized exchanges while ensuring that users maintain full control and custody of their assets.
Decentralized Staking and Yield Earning: XODEX enables chains like Kaspa, which do not have native smart contract functionality, to offer decentralized staking options and yield-earning opportunities through perpetual markets. This allows users to stake assets and earn yield in a decentralized manner, bringing new financial primitives to PoW chains.