EMDX launches testnet Order Book-Based DEX Powered by Orderly Network.
A groundbreaking milestone in the evolution towards EMDXv2
EMDX is thrilled to announce the roll out of a sound DEX Limit OrderBook- based exchange on Sepolia, the testnet before deploying the code on Arbitrum network.
This achievement is made possible through our strategic partnership with Orderly Network, renowned for its game-changing order book-based trading infrastructure that specialises in providing robust liquidity layers for spot and perpetual futures orderbooks, across multiple networks.
This collaboration is a significant leap forward in our continuous efforts to enhance the EMDX platform and provide our users with an unmatched trading experience while paving the way to become a multichain protocol.
Test it out on Sepolia! Follow this simple tutorial and start trading NOW!! 💹
Highlighting the features of the EMDX orderbook-based venue.
Among a number of institutional-grade tools and services, traders will find on this venue a user-friendly and CeFi like platform to trade a massive amount of assets (18 different markets will be available at launch time), full of professional widgets and user-centric market data delivery.
Adding an Orderbook Venue for perps
Algonside with our vAMM- based exchange for perpetuals on traditional assets, EMDX users will enjoy an CLOB based venue to trade perps. According to our roadmap, we´ll be firstly launching perps on crypto assets, and gradually including traditional assets on the CLOB venue.
Markets
EMDX initial product offering consits of 18 different cryptocurrencies and tokens, among which users will find native currencies from top networks and the most iconic tokens of the industry.
Available markets will be increased steadily as the platform stabilizes and get traction.
Massive Liquidity
Key to EMDX’s allure is its provision of liquidity, a cornerstone of successful trading platforms. With a robust liquidity layer in place, liquidity is assured, facilitating seamless transactions and minimizing slippage.
With its integrated liquidity layer, EMDX will access massive liquidity powered by top-tier Market Makers, across different networks, that ensures liquidity shortages are a thing of the past, offering a stable and reliable trading environment.
CEX-Level Performance: Trading Speed and Low Latency
Designed to meet the needs of HFT and institutional traders, EMDX offers low latency trading. Leveraging Orderly’s high-performance matching engine will complement this, ensuring rapid execution and a competitive edge in the market.
Protocol Fees.
EMDX distinguishes itself by its transparent fee structure. Protocol fees, set at 10 basis points (bps) for both maker and taker orders, ensure fairness and sustainability within the ecosystem.
Gasless and One-Click Trading.
Additionally, traders benefit from a significant advantage concerning gas fees: a one-time payment is required solely upon depositing funds into the platform, streamlining trading activities and reducing overhead costs.
Self-custody.
Traders on EMDX will have full control over their assets, ensuring security and peace of mind.
Main widgets and features
The platform’s main widgets and features further enhance the trading experience, catering to the diverse needs of traders.
1. Order form & Order Types
The order form supports both Limit and Market orders, providing flexibility and precision in execution. More conditional and complex order types (e.g. IOC, FOK, GTD, etc.) are coming soon after the testnet launch.
2. Margin and Leverage
Furthermore, traders can leverage their positions up to 20 X, utilising USDC and Cross margining to amplify their purchasing power. With distinct IMF parameters established for different markets, risk management is prioritized, safeguarding traders’ interests.
3. Order Book display
A standout feature of the EMDX platform is its intuitive order book display. Bid and offer prices are presented with remarkable clarity, offering a comprehensive market overview at a glance. Asset prices are neatly sorted in the first column, while the second column displays the corresponding quantity available for bidding and offering. Market depth is also showcased, furnishing traders with invaluable market insights to facilitate rapid decision-making.
Ready-to-Use Liquidity: Powered by top-tier Market Makers, Orderly ensures that liquidity shortages are a thing of the past, offering a stable and reliable trading environment.
Closing thoughts
This achievement reflects a monumental step towards EMDXv2. Through our strategic partnership with Orderly Network, renowned for its groundbreaking order book-based trading infrastructure, we ensure robust liquidity layers across multiple networks, laying the foundation for EMDX to become a multichain protocol. The venue offers traders access to a user-friendly CeFi-like platform, boasting 18 different markets at launch, along with institutional-grade tools and services. Notably, the integration of an Orderbook Venue for perps and transparent fee structures underscore our dedication to innovation and fairness. With features like massive liquidity, CEX-level performance, gasless trading, and self-custody, EMDX sets a new standard in decentralized trading.
Join us on Sepolia testnet to experience the future of trading firsthand and witness the transformative power of EMDX’s DEX.
About EMDXv2
EMDX V2 is a groundbreaking web3 derivative platform designed for traditional assets, offering a decentralized, transparent, and secure environment for trading a wide array of financial instruments, including cryptocurrencies, FX, commodities, and energy derivatives. Leveraging advanced blockchain technology, EMDX V2 aims to become a premier institutional-grade DeFi solution for accessing and trading web3 derivatives in emerging markets and real-world assets globally. Its commitment to expanding horizons and enhancing user experience is supported by major financial, commodity, and energy sector players.
About Orderly Network.
Orderly Network is revolutionizing trading with its permissionless liquidity layer. Built on omnichain infrastructure, Orderly incepts deep liquidity for any asset across blockchains. It empowers any and all developers to connect and offer a comprehensive selection of financial products for retail and professional traders alike, without the risks of wrapped asset movement through cross-chain bridging.
📡 Stay tuned for more updates as we continue to innovate and push the boundaries of what’s possible in DeFi. EMDX is not just part of the future; we are creating it.
Your journey into the next generation of DeFi starts here.
- Trade crypto derivatives on EMDX Sepolia
- Trade FX derivatives on EMDX vAMM Venue
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