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IDEX to launch hybrid liquidity decentralized exchange on Polygon
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IDEX, a decentralized cryptocurrency exchange (DEX) based in San Francisco, has announced the upcoming launch of its v3 Hybrid Liquidity DEX on Polygon.
The hybrid model will merge traditional order book functionalities with automated market maker (AMM) liquidity pools in a bid to cultivate higher financial returns for the services liquidity providers, as well as provide typical investing tools such as stop-losses, limit orders and real-time execution.
According to the platform, operating on the Polygon network enables lower transaction costs to the value of "10,000-100,000x cheaper" than typically witnessed on Ethereum layer-1, in addition to benefitting from the networks full-stack Ethereum scaling mechanics.
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