Trading Infrastructure

The spot trading engine is the foundation of our exchange, designed to be fast, efficient, and user-friendly.

Architecture: We utilize a central limit order book (CLOB) model, which is the industry standard for high-performance exchanges. This model provides clear price discovery and deep liquidity, making it ideal for both retail and institutional traders. Our maker/taker model ensures that those who provide liquidity (makers) are rewarded, while those who take liquidity (takers) contribute to the ecosystem's revenue.
Liquidity: We will leverage key liquidity aggregators, such as Jupiter on Solana, to ensure that our order books have deep liquidity from the start. This prevents price slippage and allows for large trades to be executed efficiently.
Features: The platform will support a comprehensive range of order types, including limit, market, and stop-loss orders. We will also include advanced features like trailing stop-loss orders to help users manage risk.
Fees: Our fee structure is designed to be competitive and fair. Makers will pay a 0.01% fee, and takers will pay a 0.035% fee. This is designed to incentivize liquidity provision and ensure the platform's sustainability.
User Experience (UX): The user interface will be intuitive and easy to navigate. By offering zero gas fees, we remove a major source of friction. The platform will also include real-time data, advanced charting tools, and a comprehensive portfolio tracking system.

Perpetuals trading is a high-stakes, high-leverage environment, and our infrastructure is built to be robust, secure, and fair.

Leverage: We will offer up to 50x leverage with cross-margin support, allowing traders to maximize their capital efficiency. Our risk management system is designed to handle this level of leverage securely.
Risk Management: The core of our perpetuals platform is a sophisticated liquidation engine and an insurance fund. The liquidation engine will automatically close positions that fall below the maintenance margin to prevent negative balances. The insurance fund will cover any losses that are not absorbed by the liquidation engine, ensuring that the system remains stable.
Price Feeds: We will use high-frequency, reliable price feeds from reputable oracle networks like Pyth. This ensures that the prices on our platform are accurate and tamper-proof, minimizing the risk of front-running and price manipulation.
Funding Rates: Funding rates are dynamic and will be calculated every hour based on the market conditions to keep the perpetuals price in line with the spot price. This mechanism prevents large divergences and ensures market stability.
Controls: To prevent reckless trading and promote responsible leverage use, we will implement margin scaling and position size limits that are tied to a user’s reputation score. This ensures that new or inexperienced users are not exposed to excessive risk, while experienced traders with a strong reputation can access higher limits.

Last updated 1 month ago