FAQ
Dradex introduces our unified Order Book & AMM model, fully integrated to facilitate trades with minimum slippage. Our algorithm automatically executes your order at the best price from a seamless combination of either the Order Book or the AMM Liquidity Pool.
The order book model is similar to the order matching model of a CEX, while the AMM model is a quintessential offering of a DEX. Combining the two, Dradex provides a wide range of original state-of-the-art features with a consistent and smooth trading experience.
Solanaโs blockchain algorithm runs at a high-speed able of creating blocks every 400 milliseconds, leading to higher speeds of transactions that exceed Ethereumโs ERC-20 standard. Since scalability is always an issue, Solana makes it possible for new Defi projects to adapt to endless upgrades and changes on the blockchain. This blockchain has excellent scalability features that make the blockchain faster and cost-efficient. As firm believers in Solana, our goal is to supply users with an onboarding point to the DEX to experience it in a whole new light, offering an experience similar to centralized exchanges.
We come up with Dradex's Unified Order Book & AMM Liquidity Model, which integrates the Order Book model with the AMM Constant Product Liquidity formula, this increases the liquidity, reduces slippage, also provide best price and more options in order book for user to trade. More information: https://medium.com/@Dradex/what-is-the-unified-amm-and-order-book-exchange-model-f85ae215c27
ย Yes, you could farm and stake on Dradex. Please check out Staking & Farming section.
Permissionless pools allow anyone to create a liquidity pool on Dradex
ย The step-by-step guide on how to list a token on Dradex, will provide all the steps to participate.
To connect to Dradex, you will need a wallet that supports SPL tokens (Solana Program Library). Dradex currently supports Phantom, Slope, Solflare, Torus, Ledger, Sollet wallets. We will continue to integrate new wallets as they are developed.
Normal trading pairs
Dradex currently charges 20bps per taker trade, 10bps per maker trade, the majority of fees are deposited into the Liquidity Pool to reward Liquidity Providers.
Trade Type | Maker | Taker | Pool Earnings | Protocol Earnings |
Limit | 0% | 0.25% | 0.2% | 0.05% |
Pool | ๏ปฟ | 0.25% | 0.2% | 0.05% |
Liquidity Providers on Dradex are considered collective owners of the trading pairs they deposited in, that's why they receive the fees on all trades, not just those filled by the Liquidity Pool.
Stable trading pairs
For stable trading pairs (e.g. USDT / USDC), only 5bps is charged per taker trade.
Trade Type | Maker | Taker | Pool Earnings | Protocol Earnings |
Limit | 0% | 0.05% | 0.04% | 0.01% |
Pool | ๏ปฟ | 0.05% | 0.04% | 0.01% |
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The liquidity pool becomes a maker in the central limit order book. Apparently, if we have more makers, the unified market will be more efficient, offer deep liquidity, and better prices for users.
Details of the model can be found here https://medium.com/@Dradex/what-is-the-unified-amm-and-order-book-exchange-model-f85ae215c27๏ปฟ
ย Our unified model provides three sources of income for liquidity providers: Arbitrage bot's profit, trading fees from liquidity pool, and trading fees from order book. Details could be found here:
