FLEX - fluid liquidity
EXCHANGE
FLEX is a decentralized exchange designed for the scalability and deep liquidity needs of FX trading. It can support multiple on-chain and off-chain market makers for each currency pair to aggregate liquidity and ensure best pricing.
FLEX can support any number of unique currency pairs, each of which can have multiple on-chain (DEX listings) and off-chain providers. Quotes are requested from all registered providers in real-time and executed with provider offering the best price.
All trades are settled on-chain in real time using either AMMs or by borrowing from FLEX liquidity pools for off-chain quotes. Transaction and liquidity fees are paid in YFX tokens.
FLEX enables depositors to earn additional risk-free yield via single-sided staking to currency liquidity pools.
TOKEnized deposits vs. stablecoins for fx trading
Better Regulatory Coverage
Stablecoins have varying regulatory acceptance across different countries; FLEX, on the other hand, uses YieldFX deposit tokens that fit within existing banking frameworks and are regulator friendly.
More Accessible
Stablecoins require on and off ramps that can be difficult to access and typically come with high fees; YieldFX tokens represent redeemable deposits that are inherently convertible to and from FIAT currencies at no cost.
Greater Liquidity
Unlike stablecoins, YieldFX tokens offer attractive base yield which can be further increased via participation in YieldFX liquidity pools; the double yield potential makes it easier to attract deep liquidity.
ADVANCED FEATURES
Multi-hop Trades
The FLEX optimizer considers both direct as well as multi-hop trades while determining the best execution price for a trade. It can also be instructed to avoid specific currencies and routes.
AI-Based Predictive Pricing
AI-based pricing engine predicts near-term price movements and allows traders to determine best time for execution.
Peer-to-Peer Trading
FLEX plans to add a peer-to-peer spot market where traders will be able to place bids and asks valid for a specific price duration. The optimizer will consider spot market offers along with other providers when determining the trade execution route.
The spot market will also help provide support for trading in exotic currency pairs that may lack sufficient liquidity for stable pricing.
