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DDEX

DDEX.io is the first Decentralized Exchange (DEX) built on Hydro Protocol, allowing users to buy and sell popular Ethereum and Tron tokens through its simple user interface . the Crypto-Exchange is the most user-friendly decentralized exchange for Ethereum- based tokens.[1]

Company

DDEX is a Decentralized Exchange (DEX), that was founded in 2017 by Bowen Wang and is located in Beijing, China, in the Asia-Pacific (APAC) region. The decentralized exchange company has about 11-50 employees currently working and functioning in the DDEX' ecosystem.[3]

Overview

DDEX, as earlier described, is a decentralized exchange built on Hydro Protocol technology, offering its users instant, real-time order matching with secure on-chain settlement. DDDEX allows its users to access Decentralized Margin Trading and Trade Ethereum and Bitcoin with up to 5x leverage.[5]

DDEX supports Metamask, Ledger, and Brave wallets and does not require users to register for a DDEX account. Using Ethereum smart contracts and the 0x protocol, DDEX allows users to trade digital assets directly from wallet-to-wallet without any depositing.[2]

DDEX mobile-native trading app can be downloaded at Apple App Store and Google Play Store and it is also available on mobile DApp browsers including Cipher, Toshi, Trust, and Decentralized application (DApp) Browser. With its issuance atop the Ethereum Smart contract and the 0x protocol, DDEX allows users to trade ERC-20 tokens from wallet to wallet and accentuates no theft possibility or uncertainty of deposit/withdrawal lockup periods.[2]

Features

DDEX (Cryptocurrency Exchange), offers the following key properties:

Trading

With a provision of more trading accessibility, such that users can their trades with a Mobile Phone, DDEX (Cryptocurrency Exchange) allows trades to be executed anytime, from anywhere, at the user's convenience. The exchange gives room for professional inputs in trading as it allows Limit and stop-limit orders, and assures the user of its security, being a Professionally audited smart contracts.  Described below are types of trading functions offered witthin DDEX exchange.[3]

Spot Trading & Margin Trading

For the initial release, DDEX has conservatively capped the maximum leverage rate at 5x. However, the ecosystem's decentralized margin trading architecture supports leverage rates of over 10x.[1]

In general, the practical leverage rate depends on the liquidity of the market.

More liquidity= higher potential leverage.

Liquidity & Savings

Another key feature of the DDEX' Exchange is the ability for users to enjoy liquidity with the ecosystem's best spread available on ETH/USDT and WBTC/USDT in DeFi (Decentralized Finance).[1]

Lending & Borrowing

This is a primary feature that is incorporated within the DDEX cryptocurrency exchange. This feature allows users to accrue interest, and this accruement is based on the following feature:

The interest rates on DDEX are set algorithmically based on price action or supply and demand. Lending and borrowing is done through the use of decentralized lending pools, where lenders pool assets into a smart contract and borrowers take loans from this pool (secured by collateral). [3]

As such, these interest rates are dynamic, and fluctuate when supply and demand changes. Each asset will have a unique interest rate for lending and borrowing. If the pool has a large amount of assets deposited with little borrowing, the interest rates will be low. As borrowing demand increases, the interest rates will increase: both the cost for borrowers and the return for lenders. [1]

Users are to take note that they cannot borrowed assets outside of DDEX Exchange. The borrowing on DDEX exchange is primarily designed to support margin trading done internally on DDEX. Because the ecosystem keeps the borrowed assets within DDEX, the potential leverage rates on DDEX are higher than if a user were to try and manually take a loan on one platform and use those borrowed assets on another.[2]

Social Media

DDEX (Cryptocurrency Exchange) can be contacted on Social media with the following social media handles- Facebook, Discord, Reddit, and Telegram.[2]

Audits

DDEX (Cryptocurrency Exchange) is an audited ecosystem. Being built on the Hydro Protocol, DDEX has gotten its contracts audited.[5]

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DDEX

Commit Info

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Edited On

August 2, 2022

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