RoyKooiman
commented
4 months ago Duplicate
For reference: https://github.com/scroll-tech/contribute-to-scroll/issues/352
Open jaktrace opened 4 months ago
RoyKooiman
commented
4 months ago Duplicate
For reference: https://github.com/scroll-tech/contribute-to-scroll/issues/352
Name of the project
Request for Integration of LogX Perp DEX into Scroll Network Ecosystem
Project type
Tool
Site of the project
https://logx.trade/
Github repository of the project
https://github.com/eugenix-io/logx-aggregator-contracts
Networks
Scroll Mainnet
Additional context
Dear Scroll Network Team,
We, the community and users of Scroll Network, are excited about the potential integration of LogX Perp DEX into the Scroll Network ecosystem. LogX Perp DEX offers a robust leveraged trading experience with deep liquidity, powered by innovative features such as trading against a liquidity pool, price oracles, and risk management protocols.
Integrating LogX into the Scroll Network ecosystem would bring numerous benefits to both platforms and their users. Here are a few reasons why we believe this integration would be valuable:
Enhanced Trading Experience: LogX Perp DEX provides traders with a seamless and efficient trading experience by allowing them to trade against a liquidity pool, eliminating dependence on external market makers.
Deep Liquidity and Market Efficiency: LogX liquidity pool, composed of stable tokens like USDC and USDT, ensures deep liquidity for leveraged trading across various index tokens. This liquidity utilization model can contribute to market efficiency and improved price discovery.
Accurate Pricing and Risk Management: LogX leverages a dark oracle to aggregate prices from centralized and decentralized exchanges, ensuring accurate and reliable market pricing. Additionally, LogX implements risk management protocols to mitigate risks for liquidity providers and traders.
By integrating LogX Perp DEX into the Scroll Network ecosystem, we envision creating a more robust and diverse decentralized finance (DeFi) platform that offers innovative trading solutions to users while fostering liquidity and market efficiency.
We kindly request the Scroll Network team to consider our proposal for integrating LogX Perp DEX into the Scroll Network ecosystem. We believe that this integration aligns with Scroll Network's mission to provide decentralized financial infrastructure and empower users with seamless access to DeFi services.
We look forward to your consideration and collaboration on this initiative.