Introducing DTX An Oracle-Based vAMM Perp DEX Developing on Blast Layer2

Introducing DTX An Oracle-Based vAMM Perp DEX Developing on Blast Layer2

DTX is an oracle-based vAMM Perp DEX that supports over 100 crypto assets and aims to provide a seamless trading experience for traders.

DTX is an oracle-based vAMM Perp DEX built on Blast Layer2 that supports 100+ crypto assets with up to 50x leverage. Unlike order book systems, DTX's unique synthetic architecture aims to provide a seamless trading experience for traders by minimizing slippage and ensuring order execution. Additionally, it maximizes capital efficiency for LPs while offering flexibility in collateral use and market making.

DTX has gained a lot of attention since its launch in March 2024. With a remarkable Total Value Locked (TVL) of $18 million and a thriving community of over 7,000 active accounts, DTX has gained immense trust and has quickly established itself as the preferred option of degen traders. Comprised of DeFi brokers and experienced market makers from top centralized exchanges, DTX is poised to reshape altcoin futures trading.

Focused Challenges: Limited Assets and Poor User Experience
Perp Dex currently faces challenges such as limited trading assets compared to the CEX giants, fragmented liquidity leading to higher slippage, and poor user experience due to complex on-chain trading and lack of user-friendly features. DTX is poised to overcome these challenges and reshape the structure of altcoin futures.
Features of DTX: Overcoming Challenges and Empowering Investors

DTX aims to differentiate itself by offering a range of features designed to meet these challenges:

Oracle Based vAMM Model: DTX uses an innovative oracle based vAMM system that provides features such as high leverage, 0 slippage and guaranteed orders. This model has been an innovative solution and has attracted significant daily volumes.

Synthetic Transaction Architectures: DTX's unique synthetic design with single asset vaults implementing ERC-4626 increases capital efficiency and yield generation for liquidity providers (LPs). The app not only enables seamless composability within the broader DeFi ecosystem, but also paves the way for future additional permission-free opportunities.

Risk Based Safes: DTX offers two different safe options; Standard and Altcoin vaults. The standard pool is created for major products such as Bitcoin and Ethereum. Altcoin pools offer the potential for higher returns, although they may involve larger drawdowns. This setup maximizes liquidity and flexibility for traders while also offering alternatives tailored to different risk-reward profiles.

Reliable Oracle Solution: To obtain the most accurate trading price and protect users from price manipulations, DTX has developed a high-performance price support service used with Pyth.

With these features, DTX can support more than 100 altcoins and enables users to trade in an efficient, versatile and secure environment.

Maximizing Rewards for DTX Users with Trading Incentives on DTX

From now on, traders on DTX can access incentives in four categories under the headings “Blast Native Yield”, “Blast Gold”, “Blast Points” and “DTX platform exclusive rewards”.

Blast Native Yield: Earn a return by holding ETH/WETH or USDB in Blast and per Blast's native yield rules: ETH/WETH Annual Yield (APR): ~4%; USDB Annual Return (APR): ~15%.

Blast Gold: Blast Gold is a reward given to DApps by Blast. DTX airdrops 100% of Blast Gold to users. The more transactions users make, the more Blast Gold they can earn. DTX will take a snapshot on the 24th of each month to distribute these airdrops.

Blast Points: DTX integrates with the Blast Points API, allowing users to earn Blast Points for holding assets in Blast (deposits in DTX Vaults) and providing collateral for open positions. DTX distributes these rewards every two weeks.
DTX Fuel: DTX Fuel is your reward for using DTX. You can earn this fuel through trading and referrals. The more Fuel you earn, the larger share you will receive in future DTX token airdrops.

DTX Trading Fee Discounts and Refunds: Referrals provide trading fee discounts to users. Users who register with reference will be able to benefit from transaction fee discounts.
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Conclusion:

DTX Reshapes Altcoin Futures
DTX, an Oracle-based vAMM Perp DEX built with Blast Layer2, is in a leading position in altcoin futures. The Oracle-based vAMM model they use will continue to support on-chain traders with technologies such as various asset lists, zero-slip transactions and risk-rated vault.