docs.position.exchange Open in urlscan Pro
2606:4700:3035::6815:25e3  Public Scan

Form analysis
0 forms found in the DOM

Text Content

Position Exchange

Search…
⌃K
Position Exchange Introduction
Getting started

Business and Partnerships

Position Token (POSI)
What is POSI?
A Deflationary Token

RFI Technology
Buy POSI
POSI Tokenomics
How is the TVL Calculated?
Products
Perpetual Trading Protocol

Position Bonds (Crypto Bonds)
Position P2P Bond

Exchange

Farming

Staking
NFTs

Referral System
Vaults
📱
Mobile App
Migration

Whitepaper

Security
Audits
Others
Contracts
Social Accounts
Governance
What is Position Exchange Governance?
Roadmap
Position Exchange & Development Plan
Community
Reports (Bugs, Feedback, Suggestions)
Frequently Asked Questions (F.A.Q)
Events
POSI Twitter Lottery
Powered By GitBook


POSITION EXCHANGE INTRODUCTION




WHAT IS POSITION EXCHANGE?

Position Exchange is a Decentralized Trading & Exchange platform designed to
provide a transparent, trustless, and fully on-chain trading platform.
With the core being an on-chain orderbook matching engine, Position Exchange
helps traders to have full control over their orders while reducing transaction
costs and remains the same trading experience in a Centralized Exchange.
It is built for EVM blockchains and is completely permissionless. Partners can
work with Position Exchange’s on-chain central orderbook to share liquidity and
power unique features for a better user experience.
WHAT IS POSITION EXCHANGE TRYING TO SOLVE? WHY ON-CHAIN ORDERBOOK?

As the DeFi segment with the clearest application scenarios and the strongest
demand, decentralized exchange (DEX) has always attracted the most attention and
embodied the greatest competitiveness as well as the strongest capital
efficiency.
According to the data by The Block, the growth in DEX total volume (only
including spot transactions) over the past two years has been conspicuous. Since
its low and stable performance in the middle of last year, DEX’s total trading
volume has grown rapidly, and the monthly figure peaked at $162.8bn in May.
Although it is still lagging behind the centralized exchange (CEX), its market
size of hundreds of billions of dollars obviously can not be ignored.
When it comes to the rise and popularity of DEX, AMM plays a significant role
because it quickly executes trades at a very low cost and instant liquidity.
AMM was first born in a paper "Improving Front Running Resistance of X * Y = K
Market Makers" written by Ethereum’s co-founder Vitalik, and has become
increasingly popular with a number of projects. For example, Uniswap also adapts
the model. The brand new AMM principle of "X * Y = K" breaks DEX’s thinking
tendency of copying CEX models and quotations and further provides DEX with an
innovative approach.
However, several core functions of an order book, such as limit orders, bids,
and offers, were missing. In addition, liquidity providers were required to
provide liquidity to both sides, were not able to choose only to provide
liquidity at a particular price, and could not provide liquidity at a price
other than the current market price. So the benefits of an AMM model come with
inevitable tradeoffs.
And due to the core design, AMM contains a vulnerability called "Sandwich
Attack" that steals a hundred million dollars from DeFi users annually.
At the beginning of DeFi, the market was in need of an open and simple trading
product that was easy to promote. AMM thus perfectly satisfies the requirements.
But as the basic DeFi functions mature, users have an increasing demand for more
diverse services, which appeals to the order book mechanism.
WHAT DOES POSITION EXCHANGE OFFER?

Position Exchange’s Orderbook matching engine - The Core
It represents an open-source matching engine written in the Solidity language
that is suitable for any products, from options, futures, spots, lending
positions, and any financial or non-financial instrument that can take advantage
of Position Exchange's on-chain orderbook.
On-chain Futures Trading
Leveraging the matching engine, Position Exchange offers a Futures Trading
protocol with a central on-chain orderbook that ensures transparency,
trustlessness, low cost, and high speed. In Futures trading, you can trade with
leverage and are only required to fund the initial margin to open positions in a
futures contract. It is a critical feature that makes the Futures market
attractive, as it allows you to profit from relatively small changes in price
movement.
DEX with the On-chain Orderbook
Expected to be the heart of the whole ecosystem, Position Exchange offers a spot
trading DEX with lower transaction costs, fully operating limit orders and
higher quote rates. Using the Orderbook mechanism, not AMM like others, it can,
therefore, eliminate the “Sandwich Attack”. Position Exchange’s spot trading
works based on the orderbook mechanism; thus, in the future, as the number of
transactions recorded on the orderbook increases, our slippage will be
approximately zero.
On-chain Derivatives Products & DeFi
Position Exchange also offers other Derivatives Products such as Bonds, Farms,
Pools. Position Exchange protocol offers fully on-chain derivatives trading, and
even beginners to the activity can buy and sell easily using the POSI token.
POSI holders can stake the tokens in Staking Pools and generate rewards and
transaction fees. Moreover, farming allows Liquidity Providers to earn rewards
by staking LP tokens while bonds allow issuing, exchanging, buying, and selling
bonds quickly and fully on-chain fueled by smart contracts.
POSI & PTX
Acting as the backbone of the ecosystem, POSI is the native coin of the POSI
Chain. It ensures network stability while paying the transaction cost. POSI is
also the governance coin of the Position Exchange ecosystem. POSI coin also
benefited users through the Futures Trading Revenue Buyback & Burn program. PTX
is a new member of the Position Exchange ecosystem and will be fully integrated
into the Position Exchange and benefit from buy/burn Spot DEX fees.
POSI Chain
POSI Chain a fully layer 1 blockchain provides fast (2-second transaction) and
high TPS (10k). Firstly, it will be implemented as the core of Futures Trading.
POSI Chain also aims to become the top blockchain by users and volume in the
future.
Mobile Apps
With the vision to become a door of DeFi, Position Exchange Mobile App aims to
bring a super app and wallet with the best UI/UX while remaining transparent and
trustless.
ULTIMATE VISION

The ultimate vision behind Position Exchange is to become the first exchange of
choice. To accomplish this, we will continue to build, change, and strive to
bring true decentralization while maintaining a great UX. One conceptualization
of this goal includes the milestones of reaching a billion users and a trillion
of on-chain value.
See more about our Roadmap and Development Plan here:
Position Exchange & Development Plan
CONTACT US

Learn more about Position Exchange and find us on the following platforms:
Website: position.exchange
WhitePaper: https://position.exchange/whitepaper.pdf
Reddit: https://www.reddit.com/r/PositionExchange/
Medium: https://positionex.medium.com
Twitter: https://twitter.com/PositionEx
Telegram: https://t.me/PositionExchange
TG Channel: https://t.me/PositionAnn
Github: https://github.com/PositionExchange
Next
Getting started

Last modified 3mo ago
Was this page helpful?

Copy link
On this page
What is Position Exchange?
What is Position Exchange trying to solve? Why on-chain Orderbook?
What does Position Exchange offer?
Ultimate Vision
Contact Us