DX25
At DX25, we're forging a new frontier in DeFi, merging the worlds of AMM Spot DEX and derivatives trading into a single, powerful platform on MultiversX. Open the DeFi wormhole and join us on this revolutionary journey.
Our Journey to DX25 Excellence
At DX25, we're committed to delivering excellence in decentralized trading. Our journey began in October 2022 when we embarked on the development of DX25 AMM Spot DEX. Since then, we've achieved significant milestones:
Merging the Worlds
DX25 bridges the gap between two essential elements of the trading world: AMM Spot DEX and Futures & Options Trading Platform for Crypto and Commodities. By uniting these worlds, we offer you a seamless and powerful trading experience that leverages the strengths of both.
Unlocking Liquidity with Spot DEX
Concentrated Liquidity
Concentrated Liquidity Positions revolutionize the way you approach liquidity provision. Say goodbye to scattering your assets across all price ranges. With DX25's innovative approach, you wield precise control by specifying a particular price range for your assets. The result? The potential for higher returns like never before.
Single-Sided Liquidity
Unlock the power of Single-Sided Liquidity (SSL) and participate in liquidity provision with unparalleled simplicity. Perfect for those holding a single asset, SSL empowers you to engage in liquidity pools effortlessly. Your one-sided contribution remains dormant until the spot price aligns with your chosen range. It's simplicity, accessibility, and efficiency in one powerful feature.
Multiple Fee Levels
DX25 empowers you, the liquidity provider, with unparalleled flexibility. Choose from eight distinct fee levels, ranging from 0.01% to 1.28%. Each fee level operates as an independent subpool, sporting its unique spot price dynamics driven by supply and demand. Take control of your fee strategy and amplify your success on your terms.
The Future of Derivatives Trading
Up to 1155x leverage
At DX25, you have the opportunity to trade with up to 1155x leverage, magnifying your market exposure.
Imagine this
You go long $500 worth of Dec 23 Bitcoin Futures. Let’s assume margin calculation requires a reservation of $50 of collateral (initial margin)*. This is locked in your collateral pool Effective leverage 10X
* Margin calculation actually based on VaR calculation, but this is a useful approximation
The margin on a CEX or DEX with no portfolio risk is circa $350. Put option margin requirement produces a delta offset against the future of 76%. The margin requirement is reduced to $12. Effective leverage for this simple portfolio is 291X and 30 times better than a typical CEX.
| Long/short | Instrument | Expiry | c/p | strike | amount | Δ | ϴ | mark |
|---|---|---|---|---|---|---|---|---|
| Long | Bitcoin | Aug 23 | C | 24,000 | $2000 | 0.91 | -20.37 | 1650 |
| Long | Bitcoin | Aug 23 | C | 25,500 | $7000 | -0.86 | -83.29 | 232 |
| Long | Bitcoin | Aug 23 | C | 26,250 | $4000 | 0.26 | -35.32 | 28.37 |
| Long | Bitcoin | Aug 23 | C | 28,000 | $2000 | 0.01 | -1.45 | 7.73 |
| Long | Bitcoin | Aug 23 | P | 23,000 | $3000 | -0.00 | -0.22 | 10.3 |
| Long | Bitcoin | Aug 23 | P | 25,000 | $4000 | +0.05 | -32.29 | 43.2 |
| Long | Bitcoin | Aug 23 | P | 27,000 | $1000 | -0.96 | -22.49 | 1121 |
| Long | Bitcoin | Aug 23 | P | 27,500 | $5000 | -0.98 | -9.88 | 1611 |
Against this 1 month of options portfolio, the market maker holds a Long $8800 Aug 23 Bitcoin Futures position.The portfolio is delta-hedged, the future offsets the margin. The VaR calculator will produce a small collateral requirement from the theta decay on premiums. Here with these short dates net theta is low, a total $16.6 for 2 days.
Gamma, the sensitivity of delta to price changes is also low at 0.14, making only a minor contribution to the margin.Therefore $16 of margin is used for $19,200 of notional value. Leverage 1155x, it is only with this approach that market-making options on-chain becomes cost-effective.
Unlock the Power of Crypto and Commodities Trading
DX25 seamlessly merges the world of crypto with the rich universe of commodities. Experience a vast array of assets, from popular cryptocurrencies like BTC, ETH and EGLD to physical commodities like Gold, Petroleum, and Wheat. Your trading possibilities have never been more diverse.
Unique VaR based margin System
Cross Margin
DX25 offers a user-friendly cross margin system that uses historical correlation for futures and delta offset for options. This simplifies collateral requirements, especially for traders with larger positions.
Our real-time margin allocation ensures you can access profits right away. DX25's cross margin makes trading easier and more efficient, even for beginners.
Your money is only yours
1.
Your Money, Your Control
Your funds are secured in smart contracts, not third-party accounts.
2.
Zero Fees on Withdrawals
Keep more of your earnings with fee-free deposits and withdrawals.
3.
Super Low Fees on Derivatives Trading
Trade wisely from 0.01% in commissions, maximizing your profits.
4.
Gas Free Derivatives Trading
Uninterrupted trading without any gas fees.
Advantage
Why Are We BUIDLing on MultiversX
<$0.005
Low fees
MultiversX Transaction fees
0
Fully carbon neutral
Green Blockchain
~15000 TPS
High throughput
Truly Scalable Blockchain
Our Team
Mathias Lundoe Nielsen
Chief Executive Officer
Mathias is a seasoned award-winning tech entrepreneur with a deep technical knowledge in crypto and blockchain. He has lectured at several notable conferences including Blockchain Summit London, ITU (United Nations tech conference) and TEDx. His track record includes multiple tech startups, three exits and one IPO. BTC investor since early 2015 and he holds a degree from the triple accredited Henley Business School in the UK.
James Davies
Chief Product Officer
James has over 25 years of experience in the traditional finance and DeFi industries, holding several C-Suite roles with companies such as Crypterium, Coindirect and the London Derivatives Exchange. He is an expert in derivatives and related products, with direct involvement in the development of a wide range of products holding several C-Suite and senior roles with companies such as CoinDirect, London Derivatives Excahnge, Trayport and Cantor Fitzgerald.
Ivan Ivashchenko
Chief Technology Officer
Ivan is a highly experienced solution architect and principal engineer with over 12 years of experience in the industry. He is well regarded in the Rust open-source community and has designed and implemented a host of advanced systems in the blockchain space including Exonum blockchain as ex Chief Architect at Bitfury. Focusing on innovative, large-scale products, he has designed, implemented and delivered reliable and efficient solutions for a number of advanced projects in the blockchain space.
Lars Seier Christensen
Advisor
Lars is a renowned traditional finance and DeFi veteran. He is the founder of Saxo Bank, who pioneered online forex trading as a technology, and the Concordium blockchain, the first and only layer1 with ID built into the protocol level. He has worked in the finance sector for over 30 years with expertise in financial markets, derivatives, regulatory compliance, and more.
Total Headcount
Remote & On-site Team
DX25 is built by a team of experienced advisors, traders, developers and marketers with decades of experience in the TradFi and DeFi markets.
Incubated by The Best
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