Polkadex is an open-source decentralized trading platform developed on the Substrate blockchain framework, offering traders the user experience of centralized trading platforms through its order book system. Its main selling point is the Fluid Exchange Protocol (FSP).

Product Features

Fluid Switching Protocol
An order-matching protocol that allows seamless switching between AMM and order book, ensuring smooth liquidity flow for traders and market makers, providing guaranteed trades. A unique algorithmic AMM ensures adequate support for the order book, avoiding price slippage and impermanent losses, common issues in AMM-based indices.

On-Chain Trading Bots
Polkadex offers HFT to retail and institutional investors via trading bots. Unique architecture optimization with zero cancellation fees allows dynamic entry and exit based on market conditions, incentivized API endpoints for trading bot companies and liquidity providers, and eliminates front-running of orders by paying high gas fees, an issue plaguing traditional decentralized exchanges.

Trustless Ethereum Bridge
A trustless cross-chain bridge, via Polkadots Parachain and Ethereum through Snowfork, helps bring any blockchain token to Polkadex in a non-custodial and trustless manner. Built for the future, Polkadex can integrate with other liquidity providers through non-fork upgrades. We do not touch customer funds or your smart contract keys.

Performance
With current testnet throughput at 300 TPS, its sufficient to support the current crypto trading environment and will continue to increase this speed up to 20,000 TPS using our R&D on the internal consensus algorithm code Pebble. This upgrade will be part of the planned roadmap for 2021-22.