Next Generation DEX Protocol: Will Gridex Protocol Disrupt the DEX Industry?
The architecture of the Gridex Protocol allows it to execute and provide a user experience similar to that of a CEX, while retaining the security of a DEX.Author: Gridex Protocol
Gridex Protocol is the first fully on-chain order book trading protocol in the Ethereum ecosystem, and it is currently the only order book protocol that allows anyone to freely create any trading pair without permission. Gridex Protocol fills the technical gap for on-chain decentralized trading primarily dominated by AMM, and its application will promote further large-scale use of DeFi.
Combining Advantages for the Best of Both Worlds
Gridex Protocol addresses the high-cost issue of bringing CEX matching algorithms based on matching engines on-chain through its self-developed Grid Maker Order Book (GMOB) mechanism and Grid Price Linear Movement (GPLM) algorithm, as well as the impermanent loss and slippage issues brought by traditional DEX based on AMM.
The cutting-edge architecture of Gridex Protocol allows it to execute and provide user experience like a CEX while retaining the security of a DEX. This makes it an ideal choice for traders who want the best of both worlds: the user experience of centralized exchanges and the decentralization and automatic custody features of DEX.
Focusing on System Risks to Ensure User Asset Security
Gridex Protocol allows users to trade using an order book, with the entire trading process executed on-chain. This eliminates potential trust issues associated with off-chain limit orders and reduces risks from price slippage and MEV attacks. To comprehensively safeguard user asset security, Gridex Protocol employs the auditing services of top blockchain security company CertiK, covering aspects such as smart contracts, on-chain order books, and overall security architecture.
Continuous Innovation to Build the Future
Gridex Protocol is committed to being an innovator in the blockchain industry, bringing transformative products to users through technology and innovation, and becoming a leader in the blockchain sector. Currently, Gridex Protocol not only focuses on technological innovation and product updates but also expands its ecosystem partners globally and develops markets in different regions. In the next step, we will engage in more communication and collaboration with industry peers and provide customers with an even better product experience.
Giving Back to Users and Moving Forward Together
The second round of the Gridex Protocol airdrop started at midnight on March 1st, and the second round of airdrop has been very popular, with the trading volume of the ETH/USDC trading pair alone exceeding ten million dollars on the first day. There are 8 days left in the airdrop event, with a total of 2,000,000 GDX tokens to be distributed. This round of airdrop further expands the range of benefiting users; users who participate in placing orders and meet the eligibility criteria during the event can qualify for the airdrop, so don’t miss out!
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