XdX

XdX is a multi-chain decentralized spot and perpetual exchange which allows users to open leveraged long and/or short positions on crypto-assets directly from their wallets. Traders trade against the XDX Liquidity Pool (XLX). XLX is an index of blue-chip assets and stablecoins pooled together, which acts as a global AMM for leveraged trading. Liquidity providers can deposit any whitelisted asset into the XLX pool in return for XLX tokens, which represent the LPs share in the diversified liquidity pool. XLX Stakers earn rewards through fees generated from swaps and leverage trading as well as esXDX (Escrowed XDX). These are rewards in the form of a token which has the right to vest into XDX when staked in the esXDX vesting vault. XDX Perpetual Swaps will be boosting XLX returns to a Targeted Yield of 29% APR through a combination of esXDX distributions and fees generated by the XDX protocol.