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Core features

Problems we are trying to solve​

We aim to solve some existing problems for the on-chain derivatives market:

  • Users are paying extremely high fees including positon fee, borrow fees on some platform like GMX, Vela exchange.
  • There is no chance for traders to earn from funding fees. Both long/short side all need to pay funding fees.
  • Some perpetual protcol have a system risk by putting all the assets into one pool. An exploit in one asset can drain the whole pool.
  • High barriers for listing a long-tail perpetual market: Centralized exchanges are reluctant to list long-tail markets because their mechanisms cannot adapt to extreme market conditions.
  • Liquidity providers (LPs) face various risks, such as insolvency and adverse selection, and the potential returns may not always be clear. To mitigate these risks, exchanges often charge high trading fees.

Our features​

1. Funding payout to weaker side​

After every 8 hours. If long side is dominating, long will pay funding fees to the short side. Otherwise, short side pays long side. A user can choose to claim funding payout immediately or the funding payout will be automatically accrued when he closes his position.

2. Isolated risk with Liquidity Vaults​

To address the issue of systemic risk of the multi-asset pool model like GMX. We introduce the concept of isolated vaults. Instead of all LPs deposit assets into the same pool, they will provide assets in different asset vaults that is compatible with ERC4626 standard and receive vTokens as receipt tokens. Vaults acts as the counterparty to traders on Void Exchange. This means that if traders make profit, the vault make a loss and vice versa.

3. Bearing interest tokens as collateral (In development)​

In addition to standard assets like BTC, ETH and stablecoins, Void Exchange allow traders to use Uniswap V3 LP Position NFT, aToken from Aave, cToken from Compound as collateral. By enabling users to use these assets as collateral, Void Exchange provides a new level of flexibility and accessibility for DeFi investors.

The use of Uniswap V3 position NFTs as collateral provides opportunities for traders to use it as a tool to hedge against impermenant loss, while the use of cTokens and aTokens enables traders to speculate on trading opportunities while still maintaining their lending positions.

4.Self-governed market (In development)​

Many centralized exchanges are hesitant to include lesser-known markets because their systems are not able to handle sudden market changes. This means that decentralized exchanges often end up listing the same markets repeatedly, which limits the exposure of long-tail assets.

On Void Exchange, you can launch a perpetual synthetic market for any asset, token, or even real-world assets, such as real estate and commodities, with just a few clicks. You can configure the trading fees as you wish. This feature helps small projects launch a perp market without spending big bucks on centralized exchanges to have a perpetual market.