The IDEX DEX - Hybrid Liquidity and the future of decentralized exchanges
Episode description
Alex Wearn has a background in product development for tech companies such as Amazon. He now brings a user-first product lens to decentralized exchanges. Alex is the CEO and co-founder of IDEX, one of the first decentralized exchanges.
Guest:Alex Wearn
Why you should listen:The IDEX goal is to create a non-custodial exchange that has the same user experience as a centralized exchange, eliminating the choice that users have to make today between functionality and fund safety.
Key takeaway:IDEX has just announced the IDEX Hybrid Liquidity model. This new innovation is a response to the rise of AMM based DEXes. However, AMMs have issues with failed transactions, high slippage, front-running bots, and high gas fees. These issues are a result of users being close to the blockchain. The IDEX Hybrid Liquidity approach attempts to smooth out these issues while still maintaining the core ethos of a DEX - remaining non-custodial.
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