🔗FEATURES OVERVIEW

High Trading Leverage: Fedix offers a very high leverage compared to other decentralized perpetual swaps, this incentivizes traders to employ the high leverage in their trade position. This exposes the traders and the protocol to large profits or loss sizes as the case may be.

Trustless Interoperability on Chains: LAYERZERO IS A USER APPLICATION (UA) CONFIGURABLE ON-CHAIN ENDPOINT THAT RUNS A ULN (ULTRA LIGHT NODE). LAYERZERO RELIES ON TWO PARTIES TO TRANSFER MESSAGES BETWEEN ON-CHAIN ENDPOINTS: THE ORACLE AND THE RELAYER.

When a UA sends a message from chain A to chain B, the message is routed through the endpoint on chain A. The endpoint then notifies the UA specified Oracle and Relayer of the message and it's destination chain.

The Oracle forwards the block header to the endpoint on chain B and the Relayer then submits the transaction proof. The proof is validated on the destination chain and the message is forwarded to the destination address, allowing cross-chain interoperability with all Layer 1 protocols like BTC, AVAX, ETH and more. Fedix employs the use of this layerzero technology for trustless on-chain messaging.

Lower trading slippage: Making use of the x * y = k formula to determine the price of the perpetual contract, with k being dynamically adjusted based on open interest allows the Fedix protocol to achieve low slippage with small liquidity.

Transferrable Positions: To achieve full decentralization, being a perpetual swap, positions are open until perpetuity unless liquidated or closed. Users could transfer their open positions which are tokenized from one wallet to another as an NFT (ERC1155) standard minted at the opening of the trade and burnt upon closure.

Unified Liquidity: With the implementation of LayerZero technology, we aim to develop on unified liquidity just as in stargate finance.

DEFI Composability: NFT standards on the protocol is aimed to provide DEFI composable features. Users can transfer NFTs which grant them right to claim the PnL in an open position. The NFT can also be used across DEFI platforms to collateralize lending and borrowing as well as facilitate yield farming.

Concentrated Liquidity: This model allows for the allocation of liquidity to be concentrated along a certain price range along the price curve, resulting to what is called Concentrated liquidity positions which are NFTs(where accrued revenue fees are accumulated until redemption) standards on Fedix. With this, LPs can open up many positions while trades are carried on liquidity positions around a certain price range. This allows a capital efficient scenario, aimed at maximizing gains from trade fees while exposing far less capital to the risk of asset devaluation. The more compacted the range that is chosen for the concentrated liquidity position, the greater the trade fee revenue the trader gets, and vice versa. LPs can still choose to provide liquidity along the entire price curve. As the asset price fluctuates, liquidity from different LPs is used to execute swaps. Consequently, users are making trades against the aggregated liquidity from all liquidity positions covering the current price, and its not different to takers whose liquidity their swaps are consuming.

Minimal Trade Sizes: So many users do not have enough margin but would love to maximize the leveraging power of the Fedix perpetual swap. This made the protocol to set the minimum trade size at $10 equating it to what is obtainable in major centralized derivatives perpetual exchanges.