IDEX — the first hybrid liquidity DEX to combine a high performance order book and automated market shaping (AMM) matching engine. The platform combines the best of centralized and decentralized exchanges with the performance and features of a traditional order book, and the security and liquidity of AMM. IDEX allows traders to get better spreads, avoid bad trades and easily provide liquidity, all with real limit and stop loss orders.
Features of the IDEX project
IDEX — a unique combination of centralized and decentralized architecture, which together provide an excellent user experience for both casual and power users. The exchange component is similar to the components of the leading centralized exchanges. This design allows IDEX to match centralized exchanges in terms of latency and throughput, performance that is not available with other DEXs.
IDEX uses an off-chain trading engine to execute trades, providing:
| 1. | Extreme performance, processing tens of thousands of orders per second with minimal latency. |
| 2. | Guaranteed sequence, execution of orders exactly in the order in which they are received by the server. |
Orders on IDEX are represented by signed transactions that include price and amount. These orders go through the trading system where they are processed. The introduction of new order types allows for more complex strategies that are not normally possible on the DEX.
IDEX supports trading through a simple exchange interface. The swap option can be used regardless of whether funds are already deposited into the platform. If funds are already deposited, the swap will be executed instantly. When exchanging directly from the wallet, three steps are performed sequentially (deposit, trade and withdrawal).
More about the mechanisms of work
IDЕX Hybrid Liquidity (IDЕX HL) — a next-generation DEX that combines a traditional order book and a matching engine with automated market maker (AMM) liquidity pools.
Like other order book exchanges, IDEX uses a high performance matching engine to execute trades in real time with advanced order types that allow traders to implement complex trading strategies. However, IDEX HL is unique in that trades are automatically matched against the best combination of both other users' limit orders and AMM's liquidity pool.