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Unfortunate occurrences like the recent FTX Collapse have brought to light the drawbacks of centralized exchanges (CEX), further highlighting the necessity of decentralized trading. So, according to the Gridex team, now is the ideal time for Gridex to lead the DeFi community toward a totally decentralized future.
With its ground-breaking trading protocol, Gridex Protocol hopes to address the problems and shortcomings that have plagued CEXs by introducing on-chain Order Books to Ethereum for the first time.
Unveiling The Gridex Protocol
Gridex Protocol is a permissionless, non-custodial trading protocol built using an immutable set of smart contracts on Ethereum. Through their novel “maker orders”, Gridex has achieved order book gas costs as low as AMMs with zero-slippage and negative fees.
Unlike the standard AMM DEXs, the Gridex Protocol is structured on the order book model. The Grid Maker Order Book (GMOB) model and Grid Price Linear Movement (GPLM) algorithm is devised to simplify the order-matching process (compared to traditional matching engines) while reducing resource consumption. This allows the Gridex Protocol to be deployed and run on Ethereum.
 
 
Gridex means much more than itself. Composability — the ability to piece together DeFi applications as if they are Lego bricks — is at the heart of DeFi. For years, an on-chain order book was the missing piece. Until Gridex came along…
D5 powered by Gridex
D5.xyz is the first aggregator combining the power of order books and AMMs. With the revolutionary trading experience built on Gridex as well as liquidity aggregated from leading AMMs Uniswap and Curve, D5 is about to change the world of decentralized exchanges.
Final words
The Gridex Protocol stands out in the crowd for its unparalleled commitment to decentralization and liquidity.
This revolutionary trading protocol promises users a trading experience with all the features traders know and expect from having traded on CEXs, with the added advantage of being on a decentralized and non-custodial platform.
Join us now to experience the Gridex Protocol and to be a part of the future of trading.
Gridex Airdrop
Gridex will launch an airdrop event on February 13th. Historical Uniswap users who have addresses that have participated in at least 2 swaps, or have addresses that have acted as an LP, will be airdropped. In order to receive the airdrop, users need to fill in the invitation code first. Once the invitee gets a reward, the inviter will also get an extra reward. More details on the rules can be found on the official website, twitter and discord.
For more information about Gridex, please visit the links below:
Visit Our Website
Join Gridex Airdrop
Read our Whitepaper
https://www.gridex.org/gridex-whitepaper.pdf
Join Our Discord
Follow us on Twitter
Source: https://zycrypto.com/gridex-protocol-the-first-fully-on-chain-order-book-on-ethereum-transforming-the-dex-space/