PepperDEX 2.0 Docs
  • Introduction
  • Market Opportunity for PepperDEX
  • DEX Concepts
    • Orderbook
    • Instruments
    • Market Product Groups (MPGs)
    • Trader Risk Groups (TRGs)
    • Margining
    • Collateral
    • Fees
    • Liquidations
    • Liquidators
    • PnL
    • Oracles
    • Risk Management
    • Insurance Fund
    • Socialized Loss
  • PepperDEX In-house Market Maker
    • Introduction
    • How to Participate
  • Trading Vaults
  • Pepper Token (PEP)
    • PepperDEX's Tokenomic Flywheel
    • PEP
    • oPEP
    • vePEP
    • Fee Distribution
    • Staking
      • Staking Mechanics
    • Governance
      • Voting Power
      • Launch Auction and Team & Investor Weighting
      • Proposals & Voting
      • Proposal Blocktimes
    • Distribution
      • PEP Distribution
      • DAO Treasury
      • Protocol Owned Liquidity (POL)
      • Core Contributors
      • Trading Incentives
      • Hxro Network Treasury
      • Community Airdrop
      • Marketing
  • Roadmap
  • Twitter
  • Discord
  • Hxro Network Docs
  • PepperDEX 1.0 Docs
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  • What kind of assets can one issue on Hxro Network?
  • What is Aggregated Liquidity?
  1. DEX Concepts

Orderbook

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Last updated 1 year ago

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 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 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 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.

MPG
Oracles
margining