Addax
Frontier Perp DEX for crypto and RWAs on LitVM.
Addax is a decentralized perpetual futures exchange operating on LitVM. The official directory lists the platform as a perpetual DEX covering both digital assets and real-world assets. According to its website, the protocol allows users to open long and short leveraged positions up to 50x across cryptocurrencies such as BTC, ETH, and LTC, as well as commodities like gold and equities. The platform claims to use oracle pricing for market marks, position valuation, and liquidations, alongside order controls including limit orders, take-profit, and stop-loss settings. Liquidity is managed through pool vaults where depositors receive a portion of platform trading fees. The project's token, ADDX, is designed to serve as margin collateral alongside USDC and zkLTC, while also functioning as a staking and liquidity reward mechanism.
Questions
- What assets and markets does Addax support?
- According to its website, Addax offers perpetual contracts across cryptocurrencies including BTC, ETH, and LTC, as well as commodities such as gold, equities, and other real-world assets.
- What collateral can be used for trading on Addax?
- The project's documentation states that traders can open positions using ADDX, USDC, and zkLTC as margin collateral.
- How does liquidity work on Addax?
- Addax uses liquidity vaults where users deposit funds to support trading activity across markets in exchange for a share of protocol trading fees.