CryptoCurrencies
19281
Exchanges
500
Total Market Cap
3,986,157,536,492
Volume 24h
190,233,037,613
Dominance
BTC 54.26%   ETH 12.08%   USDT 4.56%   BNB 3.91%

CyberDEX
CYDX

0.003083
$
15.87 %
Change 24h
Market Cap
$ 1,025,215
Volume 24h
$ 17,767
Circulating Supply
332,590,608
Total Supply
2,000,000,000
CYDX
$
# Exchange Pair Price Volume 24h

Description

CyberDEX is a decentralised perpetual swaps trading platform functioning on Optimism. The exchange is powered by Synthetix which - by its unique model - allows traders to tap into huge liquidity pools and carry out trades with minimum slippage and market impact. This is done by leveraging Synthetix debt pool (a massive pool of liquidity) that ensures execution in size at the closest price level to the order with minimal impact to the markets traded. This model is sustained by the liquid and immutable stablecoin, sUSD, which is quoted against the tradable synthetic assets with their prices matching the underlying assets using decentralised data oracles such as “Chainlink” and “Pyth”.