Morphex Labs

Morphex is an emerging decentralized exchange offering spot and perpetual futures trading, while requiring only a wallet connection to use. All trades are settled against the Morphex Liquidity Pool ("MLP"), where a user would be able to provide liquidity with any whitelisted asset, and in exchange, they would receive MLP tokens, representing their share in the diversified liquidity pool.

For traders, Morphex offers various advantages over existing exchanges:

• low transaction fees
• no price impact
• “scam wick” liquidation protection (while keeping full control of your assets)

Welcome to the new era of DeFi perpetual trading.

Pricing for the protocol is determined by price feeds directly from Pyth (opens in a new tab) for the fastest and most accurate updates. As the protocol matures, governance will eventually decide the majority of parameters (examples include liquidity incentives for a specific MLP pool in the future).

Litepaper

See our published litepaper here https://migration.morphex.trade/litepaper.pdf (opens in a new tab)