New DDEX Margin Trading & Lending Platform Is Live!
After two months of closed beta testing, the new DDEX is officially open for all users! You can check it out here: https://ddex.io
Borrow, Lend, Trade — The New DDEX Is Here
An all-in-one optimized solution to decentralized borrowing, lending, and exchange. On the new DDEX you can:
- Borrow assets and trade on margin (up to 5x leverage)
- Lend assets to earn interest
- Spot trade
Margin trading is inherently complex. While some users may want to easily open a position without too much hassle, others crave power features like limit and stop-limit orders.
So we created two modes for our Margin Trading: Basic and Pro. The basic mode allows you to quickly and easily open a position in 2-clicks. While the Pro mode provides advanced features like limit orders, stop-limit orders, and full position adjustment.
Our goal is to offer the most advanced decentralized margin trading experience to date.
Entering DeFi’s Second Phase
The first phase of DeFi focused on the creation of essential building blocks such as stablecoins, DEXs, and lending pools. Leveraging the composability of these “money-lego blocks”, early adopters figured out how to piece together projects to create innovative new workflows.
The early adopter DeFi developers have shown that:
- The final results of these “do something here, do something there, then bring it back together” workflows can be valuable
- Abstracting composability complexity with thin UI wrappers has for the most part failed to gain traction, as the abstractions they present are leaky.
The next phase of DeFi will be about refactoring and streamlining key pieces from the ground up. The new DDEX is advancing towards this greater trend by combining borrowing, lending, and trading all into one cohesive, uninterrupted flow.
The New DDEX
All trading and lending on DDEX will be completely free of fees for our launch!
The new DDEX is open for everyone today. Test it out and let us know what you think :)
All questions and feedback are very welcome: come chat with us on our discord.
