Decentralized Margin Trading and Lending is coming to DDEX
We are excited to announce that a vastly improved DDEX with decentralized margin trading and lending is coming in August 2019.
A Seamless and Intuitive Experience
Margin exchange is an elementary building block in open finance. Although it’s possible to create margin positions by manually transferring borrowed assets from a lending pool to external exchanges, a more automated approach is helpful for widespread adoption.
Currently there are a handful of teams working on decentralized margin exchanges. All of them are built on top of external, third party DEXs.
We are in a unique position where we can alter our DEX architecture and redesign everything with margin and lending in mind. This cohesive approach allows us to offer higher maximum leverage ratios, lower transaction costs, liquidity sharing between spot and margin trading, and a more intuitive user experience overall.
In addition, the new margin trading inherits many of the existing DDEX features such as limit and stop-loss orders.
For more information please see our in depth FAQ.
The Road Ahead
Since launching DDEX in 2017, we’ve spent thousands of hours working on one of the top decentralized exchanges on Ethereum, with over half a million transactions. Our process for testing and auditing has resulted in a spotless track record when it comes to security and reliability.
Our goal is to create the best decentralized exchange possible. Margin exchange functionality is the next step in this journey.
A Note on Decentralized Lending
Decentralized lending is a necessary component of margin exchange, and thus we’ve created hydro-pool, a decentralized lending framework optimized for empowering margin trading.
At this time, it is not our plan to compete in the generalized lending space. Our sole focus is to make DDEX the number one decentralized exchange platform. Lending-based metrics don’t matter to us.
This stance is beneficial because it allows us to consider the possibility of leveraging external lending pools such as Compound Protocol or Dharma. We are excited about the prospect of improving liquidity via cascading lending pools.
Coming to Hydro SDK
If you are interested in creating your own decentralized lending and margin exchange, all the aforementioned functionalities are coming to Hydro SDK later this year.
Learn More
DDEX is scheduled to launch our open beta by the second week of August 2019. You can signup for early access at https://margin.ddex.io
In the mean time check out our FAQ and come chat with us.
