What is OPX Finance?
OPX Finance (OPX) is a decentralized spot and perpetual exchange on Optimism. It is a fork of GMX.io, and supports swap and limited orders for spot trading, 30x leverage long & short for perpetual futures trading. The platform also plans to introduce cross-chain trading and synthetic asset trading in Q1 2023.
OPX aims to become the go-to solution for traders who want to stay in control of their funds at all times without sharing their personal data. Its design gives it many advantages over other existing DEXes:
- Low transaction fees.
- No price impact or slippage , even for large order sizes. (Oracle price feed)
- Protection against liquidation events: the sudden changes in price that can often occur in one exchange (“scam wicks”) are smoothed out by the pricing mechanism design relying on Chainlink price-feeds.
Who founded OPX Finance?
OPX Finance is founded by DarkCrypto Foundation. DarkCrypto Foundation is platform of multi-chain dApps of DarkCrypto ecosystem, and it was established by DarkCrypto Finance, a DeFi app on Cronos, in 2022. DarkCrypto Finance was launched on January 2022 and after six months after the launch, the TVL reached $270m.
At DarkCrypto Foundation, DAO is used to invest in projects to generate profits and distribute them back into the Fund. Part of the profits is used to strengthen the DAO fund, while the rest is reallocated to DCF holders in the form of USDC.
What is the OPX Tokenomics?
OPX is OPX.Finance governance and utility token. Holders are incentivised to stay in for the long run, with many rewards that will quickly accumulate. OPX holders can join governance voting to decide profit distribution and new development for the project. In addition, OPX can be used for all utility of DarkCrypto Foundation Applications (Dark Roll, Dark Lottery, DarkVerse games …)
The max supply of OPX is 3M, with the total supply depends on how much Fund raised in the Presale program.
Fees distribution:
- OPX liquidity providers: 65%
- OPX DAO: 35%
OPX Governance will receive 35% fees collected from protocol. Users have to lock DarkCrypto NFT and their OPX token to vote how this fund will be distribute:
- Profit Share: This part for all veOPX staker
- Project own Liquidity: This fund is used to buyback OPX and add liquidity
- Dev Treasury: This part is Dev Fund for development
- Buyback and Burn: Buy back OPX and burn it forever.
- DarkCrypto DAO: this part is come back to DarkCrypto Foundation
