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.
With DPEX, you can stay in control over your crypto assets by holding on to your private keys and without sharing your private data trade with leverage in a decentralized fashion. Low transaction fees without price impact, even for large order sizes.
DPEX 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.