Introducing LogX
The First Perpetuals DEX with Cross-Chain Liquidity Aggregation
LogX is the newest addition to our suite of products at Flint Labs. Flint Labs was born to transform capitalism as we know it. We began our journey with a mission focused on bridging the divide between centralized finance (CeFi) and decentralized finance (DeFi), rendering it more approachable and user-friendly for a broader audience. In March 2022, we proudly launched our flagship product, Flint Money, which aimed to serve as a comprehensive solution for all crypto banking needs on a global scale.
Following our share of successes and pivots at Flint Labs, we've been diligently working on our next steps. Our mission: to ensure trading on DeFi not only matches but surpasses the CeFi experience. We've seen firsthand the immense potential of self-custody of assets and firmly believe that DeFi is an inherently superior value proposition compared to CeFi, despite the obstacles.
Trading has been integral to our DNA at Flint Labs. We've experienced firsthand the frustrations stemming from existing infrastructural constraints. Traders are moving to Layer 2 chains (L2s) for the high throughput needed for trading, but liquidity isn't migrating to L2s at the same pace. Consequently, one of the biggest issues for traders in DeFi is low liquidity, especially on Layer 2 chains. The need to maintain gas fees for every trading action and handle multiple transaction pop-ups further exacerbates the broken UX.
Remember when we launched GasPay, our game-changing solution to make gas payments and multiple transactions seamless? That was just the start. Today, we're super excited to announce the next big leap on our mission - LogX!
What is LogX?
LogX is our answer to the liquidity crisis on trading-friendly L2 chains, starting with perpetual.
LogX is the world’s first perps aggregator with cross-chain routing. You can think of LogX as the 1inch equivalent for perps trading, offering the best execution for your trades. No fluff.
What does this mean for you? It means you, as a user on any chain, can access this mammoth pool of liquidity, and experience low slippage perp trading, no matter the size of your order.
But we didn't stop at just solving the liquidity problem. We took it a step further, crafting a solution that delivers access to cross-chain liquidity in a way that's cost-effective and capital-efficient. This wasn't easy – it meant facing down challenges, from high transaction fees to capital inefficiency, and latency. But we are doing it.
How LogX Stands Out
LogX isn't just another Perpetuals DEX - it is the first to bring you cross-chain liquidity aggregation. Our mission at LogX is simple yet game-changing: provide professional traders and institutions with an unprecedented level of deep liquidity, akin to the traditional centralized exchanges (CEX). But how do we plan to achieve this?
1. High Liquidity, Courtesy of Aggregation
LogX is designed to overcome one of the biggest hurdles of the current DEX landscape - low liquidity. By consolidating liquidity from multiple sources, we ensure that you have access to a liquidity-rich trading environment.
2. Lowest Trading Costs
Beyond just providing abundant liquidity, LogX takes care of your wallet. We route your orders to the best liquidity sources, keeping in mind all associated costs, such as trading fees and funding fees, ensuring you get the lowest composite cost of trading on-chain.
3. Smart Order Splitting
With LogX, large order sizes won't lead to unfavorable slippages. We intelligently split large orders and route them to multiple liquidity sources. This results in efficient order execution, maximizing your trade value.
4. One Platform, Multiple Chains
With LogX, you don't need to hunt for different trading venues on different chains. Our cross-chain access innovation ensures that you can enjoy deep liquidity, no matter the chain.
5. One Platform, All Trading Pairs.
Say goodbye to the hassle of navigating through multiple platforms for different trading pairs. With LogX, you have access to a wide range of trading pairs aggregated from various places.
6. Gas Fees Abstraction
With LogX, you're free from the tedious chore of managing gas fees. Forget about the multiple pop-ups and maintaining a balance for gas fees. Your trade will never get stuck in the middle due to lack of gas fees.
Key Focus On Mobile
We're proud to be the first to bring on-chain perps trading to mobile devices along with the web-app. We believe in the power of a seamless, efficient, and user-friendly trading experience that fits right into your pocket.
Why the name ‘LogX’?
The name 'LogX' is derived from the logarithmic function, which plays a crucial role in calculating volatility, portfolio optimization, and options pricing. It represents the foundation of sophisticated mathematical modeling required to create a cutting-edge trading protocol.
The LogX brand was born from a strong desire to push the boundaries of the trading experience in DeFi. With a futuristic and mathematical essence, the name and brand identity perfectly encapsulate our intent and vision.
What’s Coming Up?
We've got more exciting developments on the way, including the launch of our Minimum Lovable Product (MLP) by the end of Q2 on Arbitrum.
LogX is not just a trading platform; it’s a testament to our unwavering commitment to our mission, and a significant step towards our goal of making DeFi trading superior to CeFi. And remember, this is just the beginning.
Please join our waitlist to become our alpha users at www.logx.trade