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Description

Establishing a robust liquidity framework for decentralized finance (DeFi) is essential. The advent of high throughput blockchains has paved the way for innovative financial structures. Ellipsis Labs is developing Phoenix, a fully on-chain, decentralized limit order book on Solana that operates in a non-custodial and crankless manner. Serving as a composable liquidity hub, it acts as a public asset beneficial to the entire DeFi ecosystem. This allows developers to create additional on-chain applications that can either contribute liquidity to or withdraw liquidity from this central liquidity source. Automated Market Makers (AMMs) often depend on unsustainable liquidity incentives or force retail liquidity providers to incur losses continuously. With Solana's capabilities of high throughput, rapid block times, and minimal transaction fees, decentralized exchanges (DEXs) on this platform can facilitate effective liquidity provisioning. As a result, professional market makers can offer tighter and more substantial liquidity while maintaining profitability and sustainability. One of the key features of Phoenix is its instant trade settlement, eliminating the need for an asynchronous crank, a common requirement for existing order books on Solana. This innovation positions Phoenix as a game-changer in the landscape of decentralized trading.

Description

ViteX serves as a decentralized exchange that features its own native token, VX. It currently operates four primary trading pairs: VITE, BTC, ETH, and USDT. The platform boasts on-chain order matching along with robust asset management capabilities. Additionally, it utilizes smart contracts for the distribution of dividends, while ensuring the private storage of user keys. With impressive transaction throughput and confirmation times of under one second, ViteX eliminates gas fees entirely. Users can earn VX through various activities, including trading, staking, market-making, and referrals, while holding VX grants them access to daily dividends. The platform promotes transparency by making token forging, gateway creation, coin listings, and order book data accessible to the public. As a decentralized application (dApp) built upon the Vite public chain, ViteX leverages a directed acyclic graph (DAG) ledger and asynchronous architecture to achieve swift transaction confirmations and efficient order book matching, rivaling that of centralized exchanges, all while maintaining a fully decentralized framework. This innovative approach positions ViteX as a notable player in the evolving landscape of decentralized finance.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

Integrations

SecureRx
Alchemy Cloud
Ankr
CoinLedger
F2Pool
Harmony
Koinly
Rust
Solana
TypeScript

Integrations

SecureRx
Alchemy Cloud
Ankr
CoinLedger
F2Pool
Harmony
Koinly
Rust
Solana
TypeScript

Pricing Details

No price information available.
Free Trial
Free Version

Pricing Details

No price information available.
Free Trial
Free Version

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Vendor Details

Company Name

Ellipsis Labs

Website

ellipsislabs.xyz/

Vendor Details

Company Name

ViteX

Founded

2018

Country

United States

Website

vitex.net

Product Features

Product Features

Alternatives

Alternatives

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