{"id":14430,"date":"2021-12-01T16:45:19","date_gmt":"2021-12-01T15:45:19","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=14430"},"modified":"2021-12-01T16:45:31","modified_gmt":"2021-12-01T15:45:31","slug":"idex-announces-the-launch-of-its-v3-hybrid-liquidity-dex-on-the-polygon-network","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/idex-announces-the-launch-of-its-v3-hybrid-liquidity-dex-on-the-polygon-network\/","title":{"rendered":"IDEX announces the launch of its v3 hybrid liquidity DEX on the Polygon network"},"content":{"rendered":"\n
San Francisco-based decentralized exchange IDEX<\/a> has announced the launch of its v3 Hybrid Liquidity decentralized exchange (DEX) on the Polygon network. The platform says operating on the Polygon network provides a lower transaction cost.<\/h5>\n\n\n\n
\"IDEX<\/figure>\n\n\n\n

In order to cultivate higher financial returns for the services liquidity providers, the hybrid model\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> will combine traditional order book functionalities with automated market maker (AMM) liquidity pools, as well as provide typical investing tools such as stop-losses, limit orders, and real-time execution.<\/p>\n\n\n\n

Operating on the Polygon network, according to the platform, provides lower transaction costs of “10,000\u2013100,000 times cheaper” than on Ethereum layer-one, in addition to taking advantage of the network's full-stack Ethereum scaling principles.<\/p>\n\n\n

\n

By popular demand, we've uploaded the IDEX v3 LIVE Pre-launch #AMA<\/use><\/svg><\/span><\/a> w\/ @AlexWearn<\/use><\/svg><\/span><\/a>. \ud83e\udd20<\/p>\n

Missed it? Now's your chance to catch up.https:\/\/t.co\/zXrGR9gBG6<\/use><\/svg><\/span><\/a><\/p>\n

\u2014 IDEX (@idexio) November 30, 2021<\/use><\/svg><\/span><\/a><\/p><\/blockquote>\n

<\/p>\n\n\n

#<\/h2>\n\n\n\n

A research paper published by Topaz Blue and Bancor Protocol<\/a> uncovered that nearly half of all liquidity providers on Uniswap v3 have been subject to impermanent loss based on a 43 percent data snapshot of the platform, providing more context into the burden of high fees for liquidity providers in decentralized finance (DeFi).<\/p>\n\n\n\n

Despite this, according to CoinGecko data, the platform ranks top in DEX 24-hour trading volume with $2.8 billion, followed by PancakeSwap v2 with $2.3 billion.<\/p>\n\n\n\n

DeFi projects and gas fees<\/h2>\n\n\n\n

In terms of gas pricing, many DeFi participants have been urged to migrate to Ethereum Virtual Machine-compatible<\/a> and layer-two networks in pursuit of cheaper alternatives, a tendency that has led to a skyrocketing level of total market value locked.<\/p>\n\n\n\n

“DeFi has been crippled by difficulties like gas prices, front-running, and slippage since its beginning,” said IDEX CEO Alex Wearn, adding that “few alternatives have actually offered answers to these concerns.”<\/p>\n\n\n\n

\u201cThe novel Hybrid Liquidity design protects users from these pain points, while simultaneously generating higher returns for liquidity providers to boost the scalability of the wider decentralized economy.\u201d<\/p><\/blockquote>\n\n\n\n

The exchange is also offering a number of incentives <\/a>to users that interact with the site in conjunction with the protocol launch.<\/p>\n\n\n\n

Liquidity Mining will provide 1,400,000 IDEX tokens per week in order to increase liquidity, and a rewards scheme will recognize the regular activity.<\/p>\n","protected":false},"excerpt":{"rendered":"

San Francisco-based decentralized exchange IDEX has announced the launch of its v3 Hybrid Liquidity decentralized exchange (DEX) on the Polygon network. The platform says operating on the Polygon network provides a lower transaction cost. In order to cultivate higher financial returns for the services liquidity providers, the hybrid model will combine traditional order book functionalities […]<\/p>\n","protected":false},"author":12,"featured_media":14435,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[73],"tags":[5684,5643,5683,5681,5682],"class_list":["post-14430","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-defi-news","tag-decentralized-exchange","tag-defi-2","tag-hybrid-liquidity","tag-idex","tag-polygon-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/12\/image-13.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/14430","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=14430"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/14430\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/14435"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=14430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=14430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=14430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}