Cryptex Finance version π is an improvement over the previous version v2. Cryptex Finance π is built on top of perennial v2 and, it comes with several features. Version π uses low latency on-demand oracles, more capital efficient and provides up to 100x leverage. The low latency oracles are built by Pyth network.
Comparison with V2
|Unidirectional markets, so 2 pools per market (eg. Long-ETH & Short-ETH)
|Bidirectional markets, so 1 pool per market (ETH)
|Takers are matched directly with LPs. LPs take opposite side of all taker trades in that market
|Takers are first matched with other takers (longs matched with shorts), then with LPs to fill the gap.
|Chainlink Core oracles
|low-latency oracles(Pyth and Chainlink are supported at the moment)
|Funding rate is determined by utilization curve
|Funding rate is determined by PID mechanism.
|Fees are charged as a percentage of the volume
|Fees are variable and are propotional to market impact of the trade.
|Supported only Market orders.
|Supports different order types such as stop loss, market, limit, take profit, etc.