Imagine a world where the traditional rules of cryptocurrency trading no longer apply. This is where perpetual decentralized exchanges (PDEXs) step into the spotlight, a relatively recent addition to the DeFi landscape.
In a market that is in constant flux, perpetual DEXs have emerged as game-changers, with a market cap surpassing $2 billion. However, their journey hasn’t been without its challenges.
Despite their innovative approach, perpetual DEXs have been striving to carve out a niche in a market largely dominated by centralized exchanges (CEXs).
It’s akin to the story of David and Goliath – with perpetual DEXs accounting for just around 3% of total trading volume, they have their work cut out for them.
The challenge isn’t just about size; it’s also about technology. Building a sandcastle with a teaspoon is no easy feat – perpetual DEXs have faced off against the sleeker, more streamlined CEXs with their on-chain order books.
However, there is untapped potential in a market hungry for innovation and decentralization.
Enter Swych PDEX, a disruptor in the world of perpetual DEXs. While GMX and dYdX have made waves, Swych PDEX is not merely following trends; it aims to set new ones. It combines ambition and technology to redefine leveraged trading.
Swych PDEX, the Innovator
Swych’s perpetual DEX focuses on risk management and innovative mechanics, catering to both beginners and expert traders. Here are some key insights:
- Clean Interface and User-Friendly: Swych PDEX prioritizes a simple and intuitive trading experience, making it accessible to a wide range of users.
- Fully Integrated TradingView Chart: The platform provides a comprehensive charting tool, allowing traders to tailor their analysis to their preferences.
- Tradable Assets: Initially supporting BTC, ETH, and BNB, Swych PDEX offers diverse trading options.
- Take Profit and Stop Loss: Traders can set TP and SL orders at the time of entering a trade and even after the trade is live, facilitating effective risk management.
- Dynamic Collateral Management: Traders can adjust collateral while a trade is active, giving them greater control over positions and risk.
- Comprehensive Trading Information: Swych PDEX provides detailed information on positions, orders, and trade history, enhancing transparency.
- Mobile Compatibility: The platform offers a mobile-friendly interface for trading on the go.
- Paper Trading Platform: This feature allows users to practice trading with live pricing data, ideal for both beginners and those looking to refine their strategies.
- Order Types: Supporting both market and limit orders, the platform accommodates various trading strategies.
- Transparent PnL Reporting: PnL is displayed as Net PnL, providing a clear view of trade outcomes after accounting for fees.
Understanding Fees and Real Yield
Swych PDEX operates on a real yield fee system, ensuring the platform’s sustainability while rewarding users. The fee structure is as follows:
- Position Fee: A 0.1% fee for perpetual trading applied to each trade.
- Liquidation Fee: A nominal $5 charge for position liquidation.
- Dynamic Borrowing Fee: Calculated as (assets borrowed) / (total assets in the pool) * 0.01%, with a cap of 0.01% per hour at full pool utilization.
- Execution Fees: Minimal execution fees, ranging from 0.0025 as the minimum and maximum.
The concept of real yield represents tangible income generated from platform activities and benefits users, contributing to the platform’s success.
Revenue Distribution
Swych PDEX distributes collected fees strategically:
- Treasury: 5% allocated for platform maintenance and development.
- Lottery: 10% directed towards the lottery mechanism.
- Investors: 35% allocated to stakeholders.
- Liquidity: 50% reinvested in the exchange to ensure robust market health.
This model balances operational needs with user rewards, creating a sustainable ecosystem.
Trading Incentive Program
Swych PDEX incentivizes traders based on trading volume, rewarding active users. The program offers $10 in USDT for every $25,000 in trading volume, encouraging higher activity.
Extra Features
Swych PDEX is constantly evolving, with plans to integrate NFTs into the ecosystem and provide educational resources, including how-to guides and the Swych Academy for traders of all levels.
SWYCH Token: The Keystone
The SWYCH token powers various elements within the ecosystem, including liquidity pools, staking, yield farming, NFTs, lottery, and more. It unifies the Swych ecosystem, offering users multiple ways to engage, invest, and earn rewards.
About Swych Finance
Swych PDEX is a user-friendly decentralized perpetual trading platform with innovative features. Swych invites users to explore decentralized trading, liquidity pools, NFT integration, and more in a secure and dynamic environment.
The SWYCH token enhances the ecosystem, ensuring a rewarding trading experience.