Perpetual Trading

Concept

Perpetual futures are a type of derivative contract in financial markets that allow traders to speculate on the future price of an asset without an expiration date. Unlike traditional futures contracts, which have a set settlement date, perpetual futures can be held indefinitely, as long as traders can maintain the margin requirements. These contracts closely track the spot price of the underlying asset through a mechanism known as the funding rate, which periodically adjusts to align the futures price with the spot price. Perpetual futures enable high leverage, meaning traders can take large positions with a relatively small amount of capital, but this also amplifies the potential for both significant profits and losses.

Features

Dexodus is a decentralized perpetual exchange that offers you the following features:

• Copy trading: follow and execute the top traders' strategies and learn from the best

• CEX-like trading experience through gasless transactions and 1-click trading

• Chainlink Data Streams to receive lightning-fast, low-latency, and secure market data

• Zero price impact trading

• Self-custody

• Up to 100x leverage

Copy Trading

Dexodus is the first trading protocol to introduce copy trading into the DeFi space (refer to the Copy Trading section for more details).

Gasless & Signless Transactions

Dexodus is also one of the first trading protocols featuring gasless transactions, allowing users to trade with proportional protocol fees, regardless of the size of their collateral.

To provide the ultimate CEX-like trading experience we are also implementing signless transactions. With this feature, traders just need to sign with their Externally Owned Account (EOA) once and specify a desired expiration time. Once the session has been created, users can keep trading without the need to sign anything else until the expiration time is met.

Chainlink Data Streams

Market prices are backed by Chailink Data Streams, allowing traders transactions to receive lightning-fast, low-latency, and secure market data. You can read more on Data Streams in their official documentation.

Zero Price Impact

Chainlink Data Streams leaves no room for toxic arbitrage. When traders place orders, the speed that Data Streams provides lets the protocol fulfill it with zero price impact.

Self-Custody

Self-custodial wallets offer greater freedom and control over one's cryptocurrency, aligning with the decentralized ethos of Dexodus, but they also require a higher degree of responsibility for security and backup management.

Leverage

Dexodus enables up to 100x leverage positions, meaning traders can take large positions with a relatively small amount of capital, but this also amplifies the potential for both significant profits and losses.

Gamification

Leagues

Traders will be classified on public rankings competing weekly for the top spots. Rankings will be based on the Profit and Loss (PnL) of each trader and there will be an Absolute League, focused on total profit generated, and a Relative League, focused on total percentual profit generated. The top 5% of each league will advance to the following league and the bottom 5% will drop down to the previous league. At the end of each season, the top contenders will be eligible for exclusive rewards (refer to the Leagues & Seasons section for more details).

Summary

• Use copy trading to follow and execute the best traders' strategies

• Trade with gasless, signless transactions using USDC as collateral

• Open up to 100x leveraged positions with zero price impact

• Rank up based on your PnL to earn exclusive rewards at the end of the season