DPEX: To Know More About This Crypto Read Our Article

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DPEX: In this article, we cover a detailed review of DPEX. How does DPEX Crypto work & Are important features?

About DPEX

DPEX is a decentralized spot and perpetual exchange on the Polygon network that supports low swap fees and zero-price impact trades with up to x50 leverage on short and long positions. The protocol uses multi-asset liquidity pools that earn fees from swaps, market making, leverage trading, spreads, funding fees, liquidations, and asset rebalancing. Chainlink Oracles provides dynamic pricing and TWAP pricing from leading volume decentralized exchanges.

They uses ChainLink oracles to validate that the price keeper’s submitted price is within 2.5% of the range of that of ChainLink. Furthermore, ChainLink oracles is the only price feed that is used for liquidation calculations, protecting traders from malliciously liquidated positions.

When it comes to price keeper, DPEX uses aggregated data from 5 centralized exchanges such as: Binance, OKX, Kucoin, Bitfinex, and Gate.io. The median price of those 5 CEXes is used to submit the price on chain until ChainLink is updated by ChainLink foundation.

DPEX Point Table

Coin Basic	Information
Coin Name	DPEX
Short Name	DPEX
Max Supply	1,250,000,000
Total Supply	1,250,000,000
Support	24/7
Official Project Website	Click Here To Visit Project Website

DPEX Price Live Data

Decentralized Perpetual Exchange

Trade Bitcoin, Ethereum, and other digital currencies with up to 50X leverage from the comfort of your web3 wallet, such as Metamask or Coinbase Wallet – no need for a middleman!

Two Tokens Create Ecosystem

DPEX

DPEX is the token powering utility and governance within its platform, not to mention granting you access to 25% of all fees earned by the system when staked.

DPLP

DPLP stands out amongst the rest when it comes to liquidity provider tokens, as they receive an impressive 70% of all platform generated fees.

Features

Decentralized Exchange (DEX) on Polygon

It was built on the Polygon network to offer fast and low-cost transactions – creating an efficient decentralized spot and perpetual exchange with infinite scalability.

Low Swap Fees

The supports cost-effective trading by offering low swap fees for traders, enabling users to participate in multiple markets without incurring excessive transaction costs.

Zero-Price Impact Trades

This allows traders to execute large orders without creating significant price fluctuations in the market thanks to its zero-price impact trading mechanism.

Leveraged Trading with up to 50

This feature allows traders to leverage positions up to x50, amplifying profits (or losses) for those looking for greater returns.

Multi-Asset Liquidity Pools

They utilizes multi-asset liquidity pools to offer an expansive selection of trading pairs and assets, increasing liquidity while creating an effortless trading experience for its members.

Multiple Revenue Streams for Liquidity Providers

On The, liquidity providers earn fees from various sources including swaps, market making, leverage trading, spreads, funding fees, liquidations fees and asset rebalancing fees – providing multiple revenue streams that encourage users to supply liquidity and actively engage with the protocol.

Market Making Opportunities

Traders and liquidity providers can take part in market making activities to deepen and stabilize order books in exchanges.

Funding Fees and Liquidations

Leveraged traders who utilize funding fees will receive fair compensation, while also benefiting from an efficient liquidation mechanism that prevents losses from exceeding certain thresholds.

Asset Rebalancing

The conducts regular asset rebalancing to keep its liquidity pools at optimal asset ratios, helping prevent slippage and ensure efficient trading across markets.

User-Friendly Interface

The platform boasts an intuitive and user-friendly interface designed for both experienced traders and newcomers, making it accessible to a wider audience.

Security and Transparency

The prioritizes both security and transparency by employing advanced smart contract auditing technology as well as open source code that enables users to verify the integrity of its protocol.

Non-Custodial Trading

As a decentralized exchange, DPEX ensures users maintain control of their funds while mitigating risks associated with centralised custody arrangements.

Community Governance

They uses a decentralized governance model, giving token holders and stakeholders an equal say in decision-making processes regarding protocol upgrades and improvements.

Conclusion

DPEX stands out as an advanced and unique decentralized spot and perpetual exchange operating on Polygon network, designed to offer efficient yet cost-effective trading experience with its numerous distinctive features that set it apart from traditional exchanges.

DPEX stands out as an attractive platform due to its low swap fees, making it a favorite among traders looking to reduce transaction costs while participating in multiple markets. Furthermore, its zero-price impact trades feature allows large orders to be completed without creating disruptive price fluctuations that disrupt users’ trading environments and enhance overall user experiences.

Leveraged trading on this platform – up to 50x on short and long positions – offers skilled traders looking for enhanced profits new opportunities. However, leveraged trading also poses an increased risk which should be kept in mind before engaging in such activities.

DPEX stands out as a formidable player in the decentralized finance (DeFi) landscape, providing traders and liquidity providers with an attractive combination of low fees, advanced trading features, and a safe ecosystem. As DeFi grows and evolves, DPEX’s dedication to innovation and user-centric design positions it to thrive and play an integral role in driving Polygon network’s decentralized finance expansion.

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