IDEX

Thing ∙ ID: 10874

IDEX is a decentralized exchange combining the best of traditional order books and automated market makers. This hybrid system uses on-chain settlement and off-chain trading to minimize failed trades and reduce gas fees. IDEX safeguards against front-running and sandwich attacks while enabling advanced order types and arbitrage opportunities. Liquidity is provided by both AMM and user limit orders. Smart contracts are employed to decentralize custody and settlement, enhancing fund security. Founded by Alex and Phil Wearn in 2017, the company operates out of Panama and adheres to legal regulations. IDEX supports a wide range of major cryptocurrencies and ERC-20 tokens, implementing a 0.25% taker fee, with future plans to introduce leverage trading.