Defx

Defx is a L1 chain with integrated execution layer, vault system, sequencer, and settlement mechanism.

Whitepaper

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What is Defx

Defx.com is a Central Limit Order book (CLOB) based decentralised trading venue offering a perpetuals market. Built on a custom L1, with native funding and settlement across major public blockchains including Arbitrum, Ethereum, Base, BSC, Polygon, and Solana, Defx provide a secure, efficient, and advanced trading experience for users. Defx offers extremely low-latency trading and effective liquidity management through GUI or API, enabling you to extend your existing trading strategies to execute directly on Defx.

The Defx Orderbook currently operates as an on-chain custom sequencer, capable of matching inbound orders with a p95 execution speed of 0.591ms. Every order placement or updates, order matches, and liquidation are transparently available onchain. An upcoming update will add zk-based encryption to preserve order, and position privacy, while maintaining its permissionless properties.

Currently the Defx DEX provides a CLOB based Isolated Margin perpetuals trading venue with native funding and settlements on Arbitrum, Solana, Ethereum, and Berachain. Upcoming upgrades will include native funding and settlement from other L1 and L2 networks, spot trading, cross margin trading, and bringing more types of collateral natively supported on the Defx L1. Additionally, Defx's L1 will extend to provide a unified trading ecosystem that lets any DEX to use the robust matching engine and liquidity layer to build perpetual and spot markets.