OPX Finance Overview
- What is OPX Finance?
A decentralized exchange for spot trading and perpetual futures trading with up to 30x leverage on short and long positions. It features a multi-asset pool that earns liquidity providers fees from market making, swap fees, and leverage trading. OPX uses Chainlink oracles and an aggregate of prices from leading volume exchanges to support dynamic pricing. The platform offers very low transaction fees and protection against liquidation events, and it has solid governance, allowing the community to vote on how to develop the project. The OPX token is a governance and utility token that holders can use for all DarkCrypto Foundation applications.
- Main Features
- Decentralized spot and perpetual exchangeTrade BTC, ETH, and other top cryptocurrencies with up to 30x leverageReduced liquidation risksLow costs with minimal spread and zero price impactSimple swaps for convenient asset swapping
- Blockchains
- Optimism
Frequently asked questions
OPX Dex is a decentralized spot and perpetual exchange that allows users to trade cryptocurrencies such as BTC and ETH with up to 30x leverage directly from their wallets. It offers reduced liquidation risks by using high-quality price feeds to determine when liquidations occur. The platform also provides low costs for entering and exiting positions, with minimal spread and zero price impact. Users can open positions through a simple swap interface and conveniently swap from any supported asset into the position of their choice. OPX Dex also offers various earning opportunities, such as liquidity provider earnings, profit sharing through staking Pioneer NFTs, and governance earnings. Additionally, users can participate in games, track OPX's performance through analytics, and earn rewards through referrals. The platform also features a Presale Program where participants have a chance to obtain a Pioneer NFT, which provides lifetime profit from the Treasury Initial Liquidity.
The maximum leverage available on OPX is up to 30x.
On OPX Dex, liquidation risks are reduced through the use of high-quality price feeds that determine when liquidations occur. This helps to keep positions safe from temporary price fluctuations. Additionally, entering and exiting positions on OPX Dex has minimal spread and zero price impact, allowing users to get the optimal price without incurring additional costs.
Based on their website, there is no mention of any additional costs involved in entering and exiting positions on the OPX decentralized exchange. The text states that users can enter and exit positions with minimal spread and zero price impact, indicating that there are no additional costs incurred.
To open a position through a simple swap on OPX, you can conveniently swap from any supported asset into the position of your choice using the simple swap interface provided. This allows you to enter and exit positions with minimal spread and zero price impact, ensuring that you get the optimal price without incurring additional costs.
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