Polkadex is an open source decentralized trading platform developed based on the Substrate blockchain framework. It uses order books to provide traders with the user experience of a centralized trading platform. The main selling point is its Fluid Exchange Protocol (FSP).

Product Features

Fluid switching protocol
The order matching protocol switched between AMM and orderbook ensures the seamless flow of liquidity for traders and market makers and provides guaranteed transactions. The unique programmatic AMM algorithm ensures that the order book is fully backed, thereby avoiding price slippage and temporary losses, which are common problems in AMM-based indices.

On-chain trading bots
Polkadex offers retail and institutional investors HFT through trading bots. Zero cancellation fees optimized through a unique architecture allows for dynamic entry and exit based on market conditions, provides an incentivized API endpoint for trading bots and liquidity providers, and eliminates front-running of orders by paying high gas fees that plagues Traditional decentralized exchanges.

Trustless Ethereum Bridge
A trustless cross-chain bridge, Polkadot via Parachain and Ethereum via Snowfork, which helps transfer any blockchain tokens in a non-custodial and trustless manner Take to Polkadex. Polkadex is built for the future so it can integrate with other liquidity providers using forkless upgrades. We do not touch client funds or your smart contract keys.

Performance
The current testnet transaction throughput is 300 TPS, which is enough to support the current encrypted transaction environment, and will use our research and development on the internal consensus algorithm code Pebble to continue to Speed ​​increased to 20,000 TPS. The upgrade will form part of the planned roadmap for 2021-22.