HorizonDEX

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Frequently asked questions

What is HorizonDEX?

HorizonDEX is a concentrated liquidity decentralized exchange (DEX) built on the BASE and LINEA networks. It aims to promote the growth and mainstream adoption of BASE and LINEA. Unlike other DEXs on these networks, HorizonDEX utilizes a concentrated liquidity model, which attracts higher trading volume. The HorizonDEX team prioritizes security and transparency, having successfully undergone audits by independent firms. By boosting liquidity on BASE and LINEA, HorizonDEX aims to retain users and contribute to the networks' success. It is built on the strong foundations of BASE, supported by Coinbase, and Linea, supported by ConsenSys. HorizonDEX also plans to implement incentive programs for users to earn attractive yields on their favorite tokens.

What are the main features of HorizonDEX?

The main features of HorizonDEX are as follows:

1. Concentrated Liquidity DEX: HorizonDEX is a decentralized exchange (DEX) that offers concentrated liquidity on the BASE and LINEA networks. This model attracts significantly more trading volume compared to standard DEXs built on the Uniswap-V2 model.

2. Security and Transparency: HorizonDEX prioritizes maximum security and transparency. It has undergone successful audits by three independent auditing firms, namely Hacken, SolidProof, and DefiMoon. The audit results are publicly available in their documentation.

3. Boosting Liquidity: HorizonDEX aims to boost liquidity on the BASE and LINEA networks. Many chains receive initial liquidity but struggle to retain users, and HorizonDEX addresses this issue by focusing on liquidity enhancement.

4. Built on BASE and LINEA: HorizonDEX is built upon the BASE and LINEA networks, which are robust and supported by reputable entities. BASE is an Ethereum Layer 2 (L2) network developed by Coinbase, while LINEA is a Layer 2 zkEVM network combining low fees, Ethereum's security, and full EVM compatibility.

5. Earn Attractive Yields: HorizonDEX aims to become the primary liquidity hub for BASE and LINEA. To achieve this, they implement incentive programs that allow users to earn attractive yields on their favorite tokens. Both BASE and LINEA have strong and committed user bases.

How can users earn attractive yields on HorizonDEX?

On HorizonDEX, users can earn attractive yields through liquidity provision and staking. By contributing to liquidity pools, users receive a portion of the trading fees generated from the transactions within that pool. Additionally, staking various supported tokens can offer rewards, often distributed from transaction fees or other incentive mechanisms designed by the platform. This combination allows users to engage actively in the ecosystem while earning passive income.

Has HorizonDEX undergone any security audits?

Yes, HorizonDEX has undergone security audits by three independent auditing firms: Hacken, SolidProof, and DefiMoon. The audit results are published in their documentation.

How does HorizonDEX boost liquidity on Base and Linea?

HorizonDEX enhances liquidity for Base and Linea through incentivized liquidity pools. Users can deposit their BASE and LINEA tokens into these pools to facilitate trading on the platform. In return, they earn transaction fees based on the trading activity that their liquidity supports. This system encourages more users to participate and maintain a healthy liquidity level on the exchange.