Introduction

Overview - What is PepperDEX?

Welcome to PepperDEX! A grassroots, community-driven perpetual and expiring futures decentralized exchange platform. PepperDEX is the newest, spiciest, and most advanced perpetual futures exchange, powered by Hxro Network, built BY THE PEPPERDEX COMMUNITY FOR THE PEPPERDEX COMMUNITY.

Through the collective efforts of the community, PepperDEX will be the gateway to empowering millions of users to TRADE, CONTRIBUTE, and EARN on-chain.

PepperDEX ("Pepper") offers a robust set of decentralized financial primitives to enable liquid, margin-based speculation on the hottest cryptocurrencies. The recent regulatory restrictions and consequential unavailability of CEXs in certain regions are forcing more and more volume to decentralized derivatives protocols. However, DEXs are plagued with low liquidity, capital inefficiency, imitative features, and incentive mechanisms. PepperDEX aims to be at the frontier of deep orderbook liquidity, extreme capital efficiency, exciting new features, and innovative incentive mechanisms designed from the ground up.

PepperDEX is powered by Hxro Network. Hxro Network has the most well-designed, innovative liquidity solution in crypto. Their derivatives protocol, Dexterity - is a global order book for derivatives that allows all Hxro Network dApps to share and grow the same global liquidity instead of bifurcating and competing for it. The Dexterity protocol is also the epitome of capital efficiency, utilizing its dynamic margining and risk engine, SPANDEX, to determine user account leverage based on portfolio risk.

It doesn't stop there. PepperDEX will also include elements that have never been seen on Solana before, such as democratized market-making on Hxro Network and permissionless vaults to enable capitalization and execution of trading strategies on the exchange.

Finally, PepperDEX will capture powerful network effects through its synergistic relationships with other network applications leveraging Dexterity and Hxro’s robust incentive-based ecosystem, as well as its own.

The Splerge

To realize its dream of becoming a premier derivatives exchange, PepperDEX has joined forces with SpedX, utilizing their incredible technical architecture, and combined with PepperDEX's extremely innovative incentive mechanisms, a truly spicy DEX is on the way!

In the realm of Hxro Network, which offers seamless access to deep on-chain liquidity and capital-efficient derivatives trading, SpedX and PepperDEX have emerged as notable players, each bringing unique strengths to the table.

SpedX has incorporated Dexterity’s utility into a user-friendly decentralized exchange while innovating with exclusive features like Trading Vaults and Native Market-Making, significantly leveling up the trading experience on Solana. PepperDEX, on the other hand, has meticulously crafted a token designed to maximize value accrual from trading volume, complemented by its spicy branding.

The merger unites both the teams and their strengths. A culinary blend of innovative tokenomics and exciting technology creates the most robust and enticing decentralized exchange on Solana. The Splerge marks the union of two front-runners into a single powerhouse that fully embodies the capabilities of the Hxro Network's vision.