DEX overview

$0X's development of an industry-leading DEX delivers the necessary functionality to replicate a CeFi trading experience within DeFi, offering users the advantages of both worlds.

Rather than creating a standard DEX contract with predefined functions, $0X took a different approach by designing an orderbook DEX that acts as an interpreter of the strategies provided by users.

These strategies significantly enhance the capabilities achievable in DeFi. Users gain access to key order types such as stop losses, a feature unavailable in the majority of DEXs on the market. They can also implement complex trading strategies that incorporate price feeds and multiple tokens on the blockchain for automatic execution.

Feature comparison

This approach results in a remarkable improvement in the liquidity methodology used across the industry. Liquidity providers can now genuinely benefit instead of suffering from impermanent loss. The liquidity strategies made possible by this technology resemble those in CeFi, potentially unlocking a substantial amount of liquidity as desired trading conditions are achieved, marking the dawn of programmable liquidity.

Programmable liquidity

$0X's strategies and blockchain infrastructure are constructed using the RAIN programming language. This significantly simplifies the coding process compared to using Solidity. With RAIN, users can compact 3-5 lines of Solidity code into a single 3-letter word opcode, while also benefiting from the confidence that the underlying code has undergone rigorous auditing to ensure security. This not only makes strategy creation more accessible for all users but also enables $0X to develop at an impressive pace.

Rain programming language