IDEX (IDEX)

Idex says it is the first hybrid liquidity DEX, which combines an order book model with an automated market maker. It mixes the performance and features of a traditional order book model with the security and liquidity of an AMM. Idex takes a new approach to decentralised exchanges by combining an off-chain trading engine with on-chain trade settlement. Users get many benefits from that.

First, this method gets rid of failed trades and wasting money on gas fees, making trading more enjoyable and efficient. The instant trade execution makes front-running and sandwich attacks impossible, and users can trade without having to wait for previous trades to settle. Since limit orders are possible, more advanced order types and trading strategies can be used, and arbitrage opportunities with other exchanges can be taken advantage of.

Idex has an ambitious plan that calls for the exchange, which is currently powered by Ethereum and Binance Smart Chain, to run on multiple chains in the future. For the rest of 2021, it plans to launch on second layer solutions, Polkadot, and implement a referral. Idex plans to implement leverage trading and launch on more layer one and layer two blockchains in the future.

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