ImmortalX
ImmortalX is a decentralized perpetual exchange on Celo offering low fees, up to 50x leverage, and unique tokenomics for traders, liquidity providers, and token holders.
Overview
ImmortalX is a decentralized perpetual exchange built on the Celo blockchain, designed to provide a superior trading experience with low fees and up to 50x leverage. It targets traders, liquidity providers, and token holders within the Celo ecosystem, offering a comprehensive platform that supports multiple order types including market, limit, and stop orders, alongside risk management tools like take profit and stop loss. The platform emphasizes self-custody of funds and a minimalistic user interface to make perpetual trading accessible and efficient.
For traders, ImmortalX reduces slippage and liquidation risks, providing a smooth experience with TradingView chart integration. Liquidity providers benefit from multiple yield sources such as protocol fees, traders' profit and loss, funding fees, and liquidation fees, paid in Celo's native stablecoin cUSD. Token holders can stake the native IMTX token to earn a share of protocol fees, with rewards increasing based on staking duration.
What sets ImmortalX apart is its unique tokenomics and mechanisms tailored for the Celo ecosystem, focusing on sustainable yields and risk mitigation. The platform is currently in beta with ongoing development and roadmap updates available in its documentation. Developers and users can get started by accessing the beta app directly through the website and exploring detailed docs that cover trading, liquidity provision, staking, and tokenomics.
The Problem
Decentralized perpetual trading platforms often suffer from high fees, excessive slippage, and liquidation risks, limiting accessibility and profitability for traders and liquidity providers. Additionally, many platforms lack integrated risk management tools and sustainable tokenomics that fairly reward all participants.
The Solution
Key Features
Multiple order types
Supports market, limit, and stop orders for flexible trading strategies.
Yield generation for LPs and stakers
Liquidity providers earn from fees, traders' PnL, funding, and liquidation fees; token holders earn staking rewards.
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SushiSwap
Pricing
Standard | |
|---|---|
| Price (Monthly) | Free |
| Price (Annual) | Free |
| Messaging | N/A |
| Support | Community support via documentation and GitHub |
| Analytics |
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Resources
ImmortalX provides comprehensive documentation covering its trading mechanisms, liquidity provision, staking, tokenomics, and roadmap. The docs include detailed guides and updates to help users and developers understand and engage with the platform.
