“D8X solves the common problems of perpetual futures, such as high transaction costs, through its unique pricing mechanism and risk management strategy in DeFi, and deeply believes that institutional professionalism and decentralization can go hand in hand.”
Most people in finance have heard of and laughed at Murphy's Law: Whatever can go wrong will go wrong, and the opposite law has been created: Yhprum's Law. If you look at this strange "word" for a minute or two, you'll notice that it's just "Murphy" written backwards, so there's nothing fancy about innovation. Yhprum's Law means that whatever can work will work. Thinking on the bright side of things, it states that problems usually occur when no one is paying attention, and the mere act of trying to prevent them from happening will ensure that they don't happen.
Who is paying attention to the problems and concerns of perpetual futures?
What is an excellent perpetual DEX?
If you ask most brokers and retail traders what they want from a DEX, their answers will probably include:
Protection from fraudulent centralized actors to prevent loss of funds
An easy way to connect to DEX and earn broker fees
Provide traders with low transaction fees and gas fees for on-chain transactions
A variety of perpetual contracts available for trading
When we use the acronym "DEX", half of the people (non-Web3 natives) think we are talking about playing cards, while the other half think of a platform where low-liquidity tokens are vulnerable to price manipulation. DEX was once hailed as a fighter for decentralization and a liberating force against market manipulation, but it can be seen that the current DEX has gradually lost users due to its unfriendly nature, even going against the slogan they once preached.
Room for improvement
Some of the top DEXs in the market have high transaction costs, and most users cannot afford perpetual contracts. In particular, holding costs affect hedging strategies, which often become impractical. From the perspective of CEX, CEX costs are relatively low, but there are custody costs: few experienced players are willing to do this kind of trading now. On the other hand, AMM capital efficiency continues to be low, making their own business model unsustainable in the long run. Most continue to use simplified pricing methods to price their products, but do not properly consider risks.
Even if users are willing to pay the high transaction costs currently required by AMMs, they often cannot find liquid markets for small and mid-cap assets. These assets have the potential to grow many times in valuation. Traders should be given the opportunity to seek out these perpetual contracts and invest heavily in them. DEXs often only offer linear perpetual contracts, which may be the only type of perpetual contract that comes to mind as you read this. Without an efficient way to price perpetual contracts, speculate on low-liquidity assets, and offer low transaction fees, this will hinder the development of mass adoption in this space.
Meet D8X
Yes, D8X is derived from the word DEX. We decided to replace the E so that D8X looks slightly different from DEX. The feeling of interacting with D8X should be: familiar but unique. It is a DEX for institutional brokers and retailers, meeting their needs through novel DeFi pricing mechanisms and risk management strategies.
The D8X is designed primarily for the following users:
Institutional Brokers: Teams with a front end that want to provide traders with the best possible prices while collecting brokerage fees
Retailers: Teams interested in accessing DEX via API and using our platform to get the best perpetual contract prices in the industry
risk warning
Nothing in this article constitutes an offer, solicitation or advice to sell, buy or recommend securities or other products (tokens) or services, whether or not such securities, products (tokens) or services are mentioned in this article.
Original English material: https://medium.com/@d8x.exchange/sneak-peek-d8x-disrupting-perpetual-futures-ca99620060a8
