Orderbook

As a Hxro Network ecosystem dApp, we utilize their Dexterity Orderbook. Dexterity is not your normal limit orderbook. Dexterity is an Asset Agnostic Limit Orderbook with aggregated liquidity. This means that assets of any nature can be issued as part of an MPG on Hxro Network.

What kind of assets can one issue on Hxro Network?

Hxro Network exposes an asset-agnostic orderbook that can support the trading of any asset as long as an oracle provider provides a constant stream of prices for that asset. For this purpose, we use Pyth and Switchboard oracles (see Oracles for more information).

Hxro Network has already started listing altcoin derivatives as ZDFs and is extremely excited to list more pairs Using Hxro Network's SPANDEX margining engine, PepperDEX can list a wide variety of assets and sustainably support them.

What is Aggregated Liquidity?

Think of DEX A and DEX B, both having their individual Orderbooks to support trading. Liquidity in such markets is fragmented, meaning that order flow is tightly split into either DEX A or DEX B. Every time a new DEX emerges in such an environment; liquidity is further fragmented. Liquidity fragmentation may also be directly linked to the rise of arbitrageurs and high-frequency traders primarily arbitrating between markets millions of times in a day and earning the spread.