🔴What is GemaX?
GemaX stands as an advanced OTC derivatives exchange specializing in perpetual futures trading. At its core, GemaX integrates a blend of innovative technologies propelling the next era of on-chain finance. Leveraging cutting-edge advancements such as LayerZero, a cross-chain communication protocol, account abstraction, and a groundbreaking zero-to-one settlement layer, GemaX addresses crucial challenges in delivering on-chain derivatives.
The amalgamation of these technologies empowers GemaX to provide omnichain deployment, reduced fees, increased liquidity, optimized capital efficiency, and enhanced scalability compared to existing solutions.
Intent-Based Architecture
GemaX revolutionizes on-chain trading through an innovative intent-driven approach. Unlike traditional order books or virtual automated market maker (vAMM) models that require traders to execute orders using committed capital, GemaX enables traders to express their trading intentions. This shift in methodology enhances trading dynamics, promoting more efficient, liquid, and scalable on-chain financial markets.
The protocol acts as a link between the security of decentralized trading and the liquidity of centralized exchanges (CEX), marking a significant departure from conventional systems. This transition addresses existing liquidity limitations in decentralized finance (DeFi).
Trading on GemaX
Discover the competitive advantages offered by GemaX's unique architecture for perpetual futures trading:
Perpetual Futures Trading: Access leading crypto pairs with high liquidity.
Leverage: Increase exposure or hedge risks with leverage exceeding 60x on perpetuals.
Trader Incentives: Enjoy our "trade to earn" incentives, earning xGMAX rewards.
Cross-Margin Accounts: Effectively manage a unified margin, optimizing capital usage across balances and positions.
Sub-account Support: Manage multiple sub-accounts using the same wallet address, providing flexibility in trading strategies, risk management, and performance monitoring.
Self-Custody: Maintain complete control over your assets through our non-custodial approach.
Permissionless and Trustless: Benefit from unrestricted access without KYC. GemaX lacks the ability to halt, blacklist, or freeze accounts or active positions, ensuring the security of blockchain trading.
Intuitive & Streamlined UX: Enjoy an industry-leading user experience featuring 1-click trading, account abstraction, gas management, and integrated on/off-ramps. Effortlessly onboard the next generation of decentralized exchange (DeFi) users.
GemaX Competitive Advantage
GemaX raises the standard with its robust features and unique architecture, offering a highly competitive on-chain trading experience that competes with centralized exchanges. Compared to other on-chain platforms, GemaX distinguishes itself with consistently high leverage, a wide variety of pairs with significant liquidity, multi-chain deployment, and competitive fees. When compared to centralized exchanges, GemaX seeks to close the gap by offering competitive products with familiar features and user experience (UX). This ensures traders can enjoy the benefits of both worlds - the offerings of a centralized exchange (CEX) combined with the security and decentralization of a decentralized exchange (DEX).
Unique Value Proposition of GemaX
🩸 Deep Liquidity
Key Feature:
Bridges liquidity from CEXs to on-chain.
Benefits to Traders:
Best price execution with minimal slippage.
Efficient price discovery.
CEX-like liquidity and execution, but with DEX security.
Note: Our solver network acts as a "liquidity aggregator", which can source liquidity from multiple platforms, beyond just CEXs and DEXs.
⚙️ Capital Efficiency
Key Feature:
JIT (Just-in-Time) liquidity architecture eliminates up-front capital commitment by solvers to stream quotes.
Benefits to Traders and Solvers:
Deep liquidity and wide asset pair availability (180+).
More freedom and efficiency for market makers; no need to commit capital across different books or liquidity pools.
Results:
Roughly 100 times more capital efficient than existing vAMM derivatives exchanges based on OI/TVL.
🔗 No Fragmented Liquidity
Key Feature:
On-demand, JIT liquidity provisioning means no idle liquidity is required to execute trades.
Benefits to Chains and Platforms:
Rapid multi-chain deployment and expansion without liquidity constraints.
Rapid scaling of OI availability.
Note: Orderbooks face multi-chain deployment challenges due to technical constraints. vAMMs cannot fork their liquidity pool. This makes GemaX uniquely positioned for multi-chain deployment.
💰 Lower Fees
Key Feature:
No liquidity provider (LP) as a counterparty.
Benefits to Traders and Platforms:
Reduced trade costs from enhanced capital efficiency and no LP risk-offset fees.
More value for xMGX stakers as there's no need to incentivize liquidity providers.
Comparison:
Fees are lower than DEXs and more competitive compared to CEX order books.
🛡️ Reduced Oracle Reliance
Key Feature:
The quotation system uses oracles only for rare dispute resolutions.
Price discovery happens externally through a solver network.
Security Advantage:
Protection against oracle manipulation exploits.
⚖️ Managed Position Risks
Key Feature:
Bilateral agreements that isolate the risk of the derivative contracts from external factors and guarantee solvency with rules-based liquidation.
Benefits to the System:
Trustless operations and automatic liquidation ensure a fair, scalable, and risk-free environment.
⚡ Superior Trade Execution
Key Feature:
Streamlined quotations via the solver for immediate trader review.
User Experience:
Faster trade execution compared to traditional RFQ exchanges.
Mission & Vision
At GemaX, our goal is to drive the next phase of DeFi evolution by transitioning derivatives trade from centralized exchanges to on-chain platforms. We achieve this by providing a technically superior trading environment and pioneering advancements in user experience.
Introducing features like complete account abstraction and gasless trading, we aim to deliver a seamless, efficient, and user-friendly experience for derivatives trading across all user levels. Beyond market optimizations, our vision is to simplify and clarify DeFi, promoting transparency, user autonomy, and upholding decentralization values.
Leveraging an intent-based architecture, GemaX combines the strengths of centralized exchanges with blockchain technology, delivering a hyper-capital efficient and decentralized trading solution. This innovative approach reshapes on-chain liquidity dynamics, propelling a significant advancement in DeFi markets.
With a strong focus on user experience and competitive product offerings, GemaX seeks to boost the adoption of on-chain derivatives trading, providing traders with the best of both worlds in terms of efficiency and decentralization.
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