IDEX launches first hybrid liquidity DEX in history

Leading DEX IDEX has launched its v3 Hybrid Liquidity DEX on Polygon (MATIC/USD), Invezz learned from a press release. This is the first hybrid liquidity DEX in history. It aims to alleviate issues like slippage, front-running, sandwich attacks, and others typical of the DEX ecosystem. At the same time, it wants to protect users from rising gas fees on the Ethereum (ETH/USD) network.

Unique trading experience

The innovative design of the exchange guarantees a unique trading experience with features typical of both centralized exchanges (CEX) and DEXs, including AMM pool liquidity, improved security, and a high-performance order book.

Addressing persistent issues with DeFi

Although the TVL of DeFi has almost reached $257 billion, not much has been done to address persistent issues with the ecosystem, including MEV (miner extractable value) and failed transactions.

Uniswap (UNI/USD), a popular Ethereum-based DEX, recently announced it had reduced the number of failed transactions on its platform by 5% (from 11% to 6%). However, more than 100,000 of their transactions failed this week, highlighting the severity of the issue.

Alex Wearn, CEO of IDEX, commented:

Hamzah Khan, DeFi Lead at Polygon, said:

New exchange combines AMM pools and order book to protect users  

IDEX’ v3 Hybrid Liquidity combines automated market maker (AMM) liquidity pools and an order book to protect members of its community from the pitfalls of AMM by executing instant trades against the best possible combination of pooled liquidity and limit orders.

This approach allows for advanced trades, generates higher returns for liquidity providers, and ensures fair, real-time trade execution.