Gridex Protocol: The first fully on-chain order book protocol on ETH, which may lead the DEX track

Author: Gridex Protocol

The decentralized finance (DeFi) community has been searching for an effective fully on-chain order book solution to avoid the high slippage and impermanent loss risks associated with automated market maker (AMM) trading. Although decentralized exchanges (DEX) with order books do exist, they still require off-chain order matching and token deposits on the platform.

Recent unfortunate events, such as the collapse of FTX, have once again highlighted the flaws of centralized exchanges (CEX), further driving the demand for decentralized trading. Therefore, the Gridex team believes that now is an excellent time for Gridex to lead the DeFi community towards a fully decentralized future.

Gridex Protocol is the first to introduce an on-chain order book to Ethereum, aiming to solve the problems and flaws that plague CEX through its revolutionary trading protocol.

Unveiling Gridex Protocol

Gridex Protocol is a permissionless, non-custodial trading protocol built using a set of immutable smart contracts on Ethereum. Through their innovative "Maker Orders," Gridex achieves gas costs as low as those of AMM while featuring zero slippage and negative fees;

Unlike standard AMM DEX, Gridex Protocol is built on an order book model. The Grid Maker Order Book (GMOB) model and Grid Price Linear Movement (GPLM) algorithm are designed to simplify the order matching process (compared to traditional matching engines) while reducing resource consumption. This allows for the deployment and operation of Gridex Protocol on Ethereum.

The significance of Gridex goes far beyond this.

Composability------the ability to piece together DeFi applications like Lego blocks------is at the core of DeFi. For years, the on-chain order book has been the missing piece until Gridex emerged…

d5.xyz is the first aggregator to combine order book and AMM functionalities. With a revolutionary trading experience based on Gridex and liquidity aggregated from leading automated market makers Uniswap and Curve, D5 is set to change the world of decentralized exchanges.

d5.xyz is powered by Gridex

Gridex Protocol will stand out in the DEX space for its unparalleled experience in decentralization and liquidity.

This revolutionary trading protocol promises traders a smooth trading experience with all the functionalities of trading on centralized exchanges.

Join now to experience Gridex Protocol and be part of the future of trading.

Gridex 4,000,000 TOKEN Airdrop Experience

Gridex will launch the airdrop event on February 13.

Rules: 1. Uniswap users who have participated in more than two trades or have formed LPs before January 1, 2023, will be eligible for the airdrop. 2. Users need to enter an invitation code to receive the airdrop. 3. Once the invitee receives a reward, the inviter will also receive an additional reward.

For more detailed information about the rules, please visit the official website, Twitter, and Discord.

To provide a better experience for global users, Gridex Protocol supports two sets of domain names, and the new domain has been launched.