Overview
About DerivaDEX
DerivaDEX is a noncustodial decentralized derivatives exchange focused on providing a high-performance trading experience for perpetual swaps. Utilizing a custom off-chain network for order matching and trade execution, DerivaDEX ensures low latency and a front-running resistant environment. Deposits and withdrawals are managed by secure Ethereum smart contracts, providing full transparency and user custody.
Owned and governed by the DerivaDAO, all key updates and changes to the exchange are determined through decentralized governance, empowering DDX token holders with voting rights.
Key Features
Highly Liquid Order Book: A robust central-limit order book facilitates high liquidity and deep trading pairs.
Cross-Margin Leverage: Offers flexibility in capital usage, tailored to traders’ needs.
High-Performance Matching: Trusted hardware-enabled nodes ensure off-chain, tamper-resistant execution.
Real-Time Price Feeds: Secures liquidation processes with a DAO-controlled insurance fund.
Sustainable Liquidity Mining: Incentivizes long-term liquidity provision by rewarding active participants with increased voting power.
Availability
The mainnet version is currently in a limited-access pilot on Ethereum, and a testnet is accessible on Sepolia at testnet.derivadex.io.
Differentiation from Competitors
Unlike decentralized exchanges that rely solely on on-chain matching, DerivaDEX uses a hybrid approach that combines on-chain custody with off-chain performance, allowing for lower latency, deeper liquidity, and more responsive trading.
Its governance structure, centered around the DerivaDAO, ensures that users have a direct say in the evolution of the exchange.
Unlike centralized exchanges, DerivaDEX users maintain self-custody of funds.
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