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Problems with
Derivatives Exchanges
From CeFi to DeFi — missed opportunities despite genuine innovations
The Solution:
Separation of Custody and Trading
On Chain Custody
Off Chain Trading
Proof of Balance Sheet (PofBS)
Best-In-Class
User Experience
Institutional Grade
Connectivity
Rock Solid
Risk Management
Proof of Balance Sheet
Real time Proof of Balance Sheet (PofBS) at aggregate level.
PofBS at individual user level every 4 hours.
User-Friendly Basic Features
+ Unique Advanced Features
Basic Features
Visual trading
1-click on-screen trading interface
Autoroll
Auto re-striking of open positions to lock in unrealized profit-and-loss (PnL) and avoid liquidation
Batch Order
Simultaneously execute up to 100 orders at one go through UI or up to 1000 orders via CSV file upload
TWAP Order
Free time-weighted-average-price execution algorithm
Social Trading
PnL leaderboard
On-screen "bullet chat"
Real-time News Feeds
On-screen news feed juxtaposed with price movements
Advanced Features
Transaction Cost Analysis (TCA)
Free TCA tools help users find optimal liquidity pockets for trade execution
Novation
Free migration of positions between master- and sub- accounts
VWAP Order
Free volume-weighted-average-price execution algorithm
Quantzone
Free alpha trading bots (e.g. arbitrage, cross-market-making)
Free exploratory data analysis (EDA) tools
Free algo toolkit and backtesting tools for users to create customized trading strategies
Institutional-Grade Connectivity
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FIX 5.0
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Binary Multicast MD Feeds
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REST and Websockets
Rock-Solid Risk Management
Battle-tested risk management principles are thoroughly implemented to the last detail.
Protect every user and everything DEX from system leverage risks.
Simple and Robust
Business Model
Trading fees are the only source of revenue.
Incentivize Responsible Trading Behavior
Reward users who are relatively over-collateralized
Two-Tiered
Liquidation Mechanism
One-sided liquidation during normal times. Automatic Symmetric Liquidation (ASL) during abnormal times
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