Frequently Asked Questions

What is a Dezentrelized Pepetrual Exchange?

Decentralized Pepetrual Exchange (DPEX) is a decentralized cryptocurrency trading platform that enables users to swap or leverage trade different digital assets in a trustless and secure manner. DPEX leverages the latest advances in DeFi technologies to ensure an optimal trading experience for its users.

How will DPEX benefit you?

DPEX has numerous advantages compared to traditional exchanges. Firstly, it offers an immutable and trustless trading experience due to its decentralized structure, which eliminates the risk of hacks or loss of funds. DPEX also has low transaction costs, so traders can maximize their profits without paying large fees. Finally, with its sophisticated settlement system, users can easily move between various markets while keeping track of their investments in real time.

What assets are listed on DPEX?

Currently, DPEX is offering MATIC, ETH, WBTC, and USDC assets. However, more options such as LINK, AAVE SHIB, and DOGE may be added to the index at any point by a simple community vote using DAO governance tokens.

Will be more trading pairs in the future?

Yes, with the help of DAO governance tokens, users can vote to add more trading pairs in DPEX. We are continuously working on adding new assets and options for our users. Keep an eye out for new updates!

What is the fee distribution on DPEX?

70% of fees collected will go to the DPLP token (LP token), 25% of fees collected will go into DPEX token (governance token), and 5% of fees collected will go to the DPEX foundation.

What are the incentives for being a liquidity provider?

DPLP is the liquidity-providing token for this platform, and it collects 70% of all trading fees. This index asset utilizes an array of resources for swaps and leverage trading – you can easily mint DPLP with any index asset or burn it to redeem a different one!

How can I get started with DPEX?

Simply visit our website at https://dpex.io/ to learn more about our platform and download the app from https://app.dpex.io/. You can also find detailed documentation on how to use the platform at https://docs.dpex.io/. To stay updated with all the latest news and updates, join us on Twitter (https://twitter.com/DPEX_io), Telegram (https://t.me/dpex_io), Discord (https://discord.gg/aPvKNytvZT) or Medium (https://medium.com/@dpex).

What's the trading fees on DPEX?

The trading fees on DPEX are 0.1% for all trades. Additionally, the fees collected from trading will be distributed as follows: 70% of fees collected will go to DPLP token (LP-token), 25% of fees collected will go into DPEX-token (governance token), and 5% of fees collected will go to the DPEX foundation.

Do you offer any referral program?

DPEX offers one of the most rewarding referral programs available - you can earn up to 15% off fees collected from your referrals' trades with no limit on earnings! Plus, your referred users will also benefit from discounted trading fees of up to 10%, which they can access simply by using your personal referral code. Now's the perfect time to join DPEX and start taking advantage of this great opportunity!

For more information on our referral program, please check out our website at https://dpex.io/#/referrals.

Is DPEX secure?

Yes, DPEX is a decentralized platform that leverages the latest advances in DeFi technologies to ensure an optimal trading experience for its users. The platform leverages smart contracts which provide an immutable and trustless environment so you can trade securely and confidently. Two of the top players in blockchain security, CertiK and Zokyo, have audited both our smart contracts as well as the DPEX-token to ensure their reliability.

Are the smart contracts audited?

Yes, all of our smart contracts have been thoroughly audited by independent third-party companies to ensure their accuracy, security, and compliance with the highest industry standards. Our website offers the public a comprehensive review of our audit reports executed by renowned smart contract auditing firms such as CertiK and Zokyo.

Do you have any customer support?

Yes, we have a dedicated customer support team available 24/7 to answer any questions or concerns. You can reach out to us by joining our Telegram channel (https://t.me/dpex_io) or Discord channel (https://discord.gg/aPvKNytvZT) for live chat assistance. We are always happy to help!

How much leverage will be available?

On DPEX, traders have access to maximum leverage of x50. Nevertheless, remember that leveraging can be much like a double-edged sword – caution is always advocated. - you could reap immense rewards or suffer heavy losses if your positions are not managed responsibly. Be judicious while trading so that you can make the most out of this tool without taking undue risk.

What are the risks?

Trading on DPEX involves risk, and all investors should be aware of it. The platform is built on DeFi technology, so there is always a chance of flash loan attacks or other security issues that can arise due to smart contract vulnerabilities. Additionally, traders must also be aware of liquidity risks and slippage when trading. Therefore, it is important to understand the risks before investing in any asset or trading strategy.

What are the benefits of using DPEX?

DPEX offers an immutable and trustless trading environment with low transaction costs so traders can maximize their profits without having to pay out large fees. Additionally, users can easily move between various markets while keeping track of their investments in real-time via our sophisticated settlement system. Finally, our decentralized structure eliminates the risk of hacks or loss of funds for a more secure trading experience.

Minimum trade size?

Whether you choose to trade big or small, it is essential that you factor in the gas-fees associated with each opening and closing transaction. Ensure your position has a significant enough value to offset these costs before beginning any form of trading.

How does DPEX impact privacy?

DPEX is a decentralized platform and users’ identities are completely private. We also use advanced encryption protocols to ensure that all your data is safe and secure at all times. Your trades remain anonymous as they are stored on the blockchain, allowing you to trade securely with confidence.

Are there any restrictions when trading?

We currently do not have any restrictions when trading on DPEX more than blocking IP-addresses from certain countries for legal reasons; however, we strongly advise our users to be aware of the risks associated with DeFi investments and leverage trades before beginning their journey.
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Blocked IP addresses are for the USA, Cuba, Iran, North Korea, Russia, Syria, and certain regions of Ukraine.
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Additionally, please note that we reserve the right to impose certain restrictions or requirements to comply with applicable laws or regulations. If such a requirement arises, it will be published on our communication channels for general notice.

How does trade settlement work?

Trade settlement on DPEX is done through a peer-to-peer system. All trades are settled via smart contracts and your funds are stored securely in a decentralized wallet. We also use advanced algorithms to ensure that all transactions are processed quickly and efficiently, so you can get the best possible experience when trading with us.

Which wallet supports the platform?

Metamask [https://docs.dpex.io/trading#steps-to-change-the-rpc-url-in-metamask] wallet offers the best of both worlds, allowing you to store your cryptocurrency securely while taking advantage of its convenient features. Furthermore, it can be used in conjunction with a hardware wallet such as Ledger Wallet for an even more secure experience. Not only does DPEX support the Coinbase wallet, but it also offers WalletConnect functionality that can be employed with multiple web3 wallets on the market. This includes Fireblocks' institutional-grade wallets and many more!
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Please make sure to read our documentation carefully before making any transactions. [https://docs.dpex.io]

How will liquidation work, and what are the penalties?

By using our state-of-the-art system, you'll be provided with early warning should your position reach its liquidation price. This will provide an opportunity for you to intervene and top up the collateral backing your trade before any losses occur due to market shifts or other circumstances. Taking advantage of this feature helps keep traders one step ahead and offers a layer of protection against unpredicted results.
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It is important to note that as soon as your position has been closed due to liquidation, any remaining funds in the position are sent back to the user’s wallet minus applicable fees. Please make sure to read our Terms of Service for more information about fees and other penalties associated with trading on DPEX.

Which price oracles interact with DPEX?

DPEX interacts with a number of reliable price oracles in order to bring the most accurate market data to our users. We currently integrate with Chainlink oracles -- which are renowned for their high-level security and accuracy.

What should I do if I find a bug on DPEX?

If you encounter any bugs or errors while using our platform, please report them immediately so that we can investigate and address the issue as soon as possible. You can submit your bug reports directly through our Discord channel or reach out to one of our admins on Telegram.

Are my funds safe on layer 2?

Polygon, the blockchain the DPEX is operating on, is a Layer 2 scaling solution for the Ethereum blockchain and runs concurrently alongside the Ethereum blockchain. It is a secondary Ethereum scaling solution, building on top of an existing blockchain. Polygon's transition to a "true Layer-2" would shake up the race to become the dominant scaling solution on Ethereum.
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We take security very seriously and have implemented a number of measures to ensure that your funds are safe on layer 2. This includes audited smart contracts, and other best practices in order to safeguard your assets.

What is your AML policy?

At DPEX, we strive to adhere to all applicable laws and regulations related to Anti-Money Laundering (AML). We reserve the right to request additional information from our users depending on the specific location or jurisdiction they may be operating in.

Will it actually help my visitors answer general questions?

At DPEX, our business model is based on providing users with an effective, secure, and reliable platform to trade digital assets such as Bitcoin (BTC), Polygon (MATIC), and Ethereum (ETH). We charge a small fee for each transaction conducted on the platform, which helps us cover operational costs associated with running the system and contribute to the pool of liquidity providers DPLP as well as stakers of the governance token DPEX.
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Thank you for choosing DPEX – we wish you all the best in your trading endeavors! Happy Trading!

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Audits: Certik, Zokyo