{"id":"cyberdex","title":"CyberDEX","content":"**CyberDEX** is a decentralized perpetual swaps trading platform that seeks to revolutionize derivatives trading within the [decentralized finance](https://iq.wiki/wiki/defi) (DeFi) sector. Launched in 2022, CyberDEX is built on the [Optimism](https://iq.wiki/wiki/optimism) network and powered by [Synthetix](https://iq.wiki/wiki/synthetix), enabling access to substantial [liquidity pools](https://iq.wiki/wiki/liquidity-pool) with minimal slippage and market impact. [\\[2\\]](#cite-id-BNt7eAnG043i6sGE) [\\[3\\]](#cite-id-xXqjB0mmcwNh2Hya) By leveraging Synthetix's liquidity pool, CyberDEX allows traders to engage in perpetual swaps with enhanced efficiency and reduced associated costs. [\\[4\\]](#cite-id-xGSmNowSe5JME3J6)​\n\n## Overview\n\nCyberDEX is a decentralized derivatives trading protocol launched on the [Optimism](https://iq.wiki/wiki/optimism) network. It provides perpetual futures trading through [Synthetix's](https://iq.wiki/wiki/synthetix) liquidity infrastructure and uses a virtual automated market maker (vAMM) model to facilitate trade execution. Asset pricing is based on data supplied by decentralized oracle networks, including [Chainlink](https://iq.wiki/wiki/chainlink) and Pyth.\n\nThe protocol follows a self-custodial architecture in which users maintain control of their assets while interacting with the platform. Its ecosystem includes perpetual swaps, leverage tokens, portfolio tracking tools, and a launchpad available to eligible token holders. CyberDEX is integrated with external infrastructure providers, including [Synthetix](https://iq.wiki/wiki/synthetix), [Optimism](https://iq.wiki/wiki/optimism), [Chainlink](https://iq.wiki/wiki/chainlink), Pyth, and TradingView, which support different components of its trading and market data systems.\n\n## Technology & Architecture\n\nCyberDEX distinguishes itself through its innovative use of a Virtual [Automated Market Maker](https://iq.wiki/wiki/automated-market-maker) (vAMM) model. This model transforms traditional orderbooks into liquidity pools, functioning as market makers that take counterparty positions against traders' bets. The vAMM model ensures that liquidity is instant and efficient, making it an ideal solution for perpetual swaps trading. [\\[4\\]](#cite-id-xGSmNowSe5JME3J6) Prices are indexed using decentralized data [oracles](https://iq.wiki/wiki/oracle) such as [Chainlink](https://iq.wiki/wiki/chainlink) and Pyth, ensuring that assets' synthetic versions closely match their underlying real-world counterparts. [\\[4\\]](#cite-id-xGSmNowSe5JME3J6)​\n\nHigh liquidity and minimal slippage are achieved through [Synthetix's](https://iq.wiki/wiki/synthetix) debt pool, which boasts a [total value locked](https://iq.wiki/wiki/tvl) (TVL) of over $750 million. [\\[4\\]](#cite-id-xGSmNowSe5JME3J6) This system ensures market orders are executed at the closest possible price level, leveraging Synthetix's robust infrastructure to provide a smooth trading experience. [\\[4\\]](#cite-id-xGSmNowSe5JME3J6)​\n\n## Products & Use Cases\n\nCyberDEX offers several products catering to different user needs, including:\n\n* **Perpetual Swaps:** These allow traders to speculate on asset prices without having to own the underlying asset. The swaps are based on a wide variety of trading pairs, with new pairs being added regularly. [\\[3\\]](#cite-id-xXqjB0mmcwNh2Hya)\n\n* **Cyber Leverage Tokens:** These tokens simplify leveraged trading by providing users with straightforward minting and non-liquidating positions, enabling traders to gain leverage efficiently with reduced risk of liquidation. [\\[6\\]](#cite-id-pzZeUu69uENuQGWS)\n\n* **Portfolio Tracking:** Users can monitor their portfolio performance and profit and loss (PnL) via the CyberDEX platform, which offers detailed insights into past trades and favorite assets. [\\[6\\]](#cite-id-pzZeUu69uENuQGWS)\n\n* **Deal Flow Launchpad:** Exclusively for CyberDEX token holders, this feature offers access to early investment opportunities in promising projects. It is designed to democratize access to venture capital-style investments, allowing retail investors to partake in initial offerings of vetted projects. [\\[7\\]](#cite-id-QpSyH147utyvchod)\n\n## Team & Governance\n\nWhile specific details about the CyberDEX founding team are limited, the platform is backed by notable figures in the trading and derivatives space, including SalsaTekila, veH0rny, and TraderSZ. [\\[5\\]](#cite-id-Gf5rP8UOXrPA11Oe) Their expertise has been pivotal in shaping the strategic direction and technological advancements of the platform.\n\nCyberDEX operates under a self-custodial model, ensuring that users retain ownership of their funds. This governance structure is complemented by a fully on-chain trading mechanism, where trades are executed transparently on the [blockchain](https://iq.wiki/wiki/blockchain) with the support of keeper bots to facilitate decentralized order execution. [\\[2\\]](#cite-id-BNt7eAnG043i6sGE)​\n\n## Funding & Investors\n\nCyberDEX has attracted attention from a variety of investors who believe in its potential to redefine the landscape of decentralized trading. Investors include individual traders and entities such as TraderSZ, Pierre, and VIKTOR, contributing to the financial backing necessary for its development and expansion. [\\[5\\]](#cite-id-Gf5rP8UOXrPA11Oe) These funds have supported the platform's growth and the continuous enhancement of its technology and offerings.\n\n## Partnerships & Adoption\n\nThe platform has established strategic partnerships with key infrastructure providers such as Pyth, TradingView, [Optimism](https://iq.wiki/wiki/optimism), and [Chainlink](https://iq.wiki/wiki/chainlink). These collaborations enhance the platform's trading capabilities by providing crucial data feeds and tools for traders. [\\[6\\]](#cite-id-pzZeUu69uENuQGWS) Additionally, CyberDEX's integration with [Synthetix](https://iq.wiki/wiki/synthetix) plays a critical role in ensuring high liquidity and facilitating synthetic asset trading. [\\[8\\]](#cite-id-Kj9lRwTFManDu8Ti)​\n\n​","summary":"CyberDEX is a decentralized perpetual swaps trading platform on Optimism, utilizing the Synthetix-powered liquidity pools for minimal slippage and high-speed trade execution.","images":[{"id":"QmUNfYkWAMpymQQ5GFdc283iV6GDfztvViEmx9u8bo921x","type":"image/jpeg, image/png"}],"categories":[{"id":"exchanges-and-marketplaces","title":"exchanges-and-marketplaces"}],"tags":[{"id":"DEX"},{"id":"Ethereum"},{"id":"Optimism"}],"media":[{"id":"QmcUZQ7atBftKQg6QspApVbFMK6MQosPb8ke4GMw3JkegM","name":"Cópia de Design sem nome (10).png","caption":"","thumbnail":"QmcUZQ7atBftKQg6QspApVbFMK6MQosPb8ke4GMw3JkegM","source":"IPFS_IMG"},{"id":"QmWZ8xqgEMG8zBVVTRtuNSZydkEeTG8bzE2ycioN13nvzt","name":"image (1).png","caption":"","thumbnail":"QmWZ8xqgEMG8zBVVTRtuNSZydkEeTG8bzE2ycioN13nvzt","source":"IPFS_IMG"},{"id":"QmTfDzo5vSsBqdAvsYAPGY8ZXKmbYs6bLVZLt9sgj6UCya","name":"image (2).png","caption":"","thumbnail":"QmTfDzo5vSsBqdAvsYAPGY8ZXKmbYs6bLVZLt9sgj6UCya","source":"IPFS_IMG"},{"id":"Qmeh8ZnVpLrPAAU5yA75EDjJ1AeX2fGCLJWbz3Vcgom6MP","name":"image (3).png","caption":"","thumbnail":"Qmeh8ZnVpLrPAAU5yA75EDjJ1AeX2fGCLJWbz3Vcgom6MP","source":"IPFS_IMG"},{"id":"QmWLpDJbu2qWwAuGWWzWBQ3PA5ditnFBQ4VCNGc5d9YaaM","name":"image.png","caption":"","thumbnail":"QmWLpDJbu2qWwAuGWWzWBQ3PA5ditnFBQ4VCNGc5d9YaaM","source":"IPFS_IMG"}],"metadata":[{"id":"references","value":"[\n  {\n    \"id\": \"ANbD4oMuqldkx3Fi\",\n    \"url\": \"https://x.com/cyberdex\\\\_xyz\",\n    \"description\": \"CyberDEX on X\",\n    \"timestamp\": 1785161101257\n  },\n  {\n    \"id\": \"BNt7eAnG043i6sGE\",\n    \"url\": \"https://cyberdex.gitbook.io/\",\n    \"description\": \"CyberDEX GitBook\",\n    \"timestamp\": 1785161101257\n  },\n  {\n    \"id\": \"xXqjB0mmcwNh2Hya\",\n    \"url\": \"https://cyberdex.gitbook.io/exchange/additional-resources/faq\",\n    \"description\": \"CyberDEX FAQ\",\n    \"timestamp\": 1785161101257\n  },\n  {\n    \"id\": \"xGSmNowSe5JME3J6\",\n    \"url\": \"https://cyberdex.gitbook.io/exchange/additional-resources/litepaper\",\n    \"description\": \"Litepaper | CyberDEX\",\n    \"timestamp\": 1785161101257\n  },\n  {\n    \"id\": \"Gf5rP8UOXrPA11Oe\",\n    \"url\": \"https://www.rootdata.com/projects/detail/CyberDEX?k=MTI3MDk%3D\",\n    \"description\": \"CyberDEX on Rootdata\",\n    \"timestamp\": 1785161101257\n  },\n  {\n    \"id\": \"pzZeUu69uENuQGWS\",\n    \"url\": \"https://www.cyberdex.xyz/\",\n    \"description\": \"CyberDEX official site\",\n    \"timestamp\": 1785161101257\n  },\n  {\n    \"id\": \"QpSyH147utyvchod\",\n    \"url\": \"http://cyberdex.gitbook.io/exchange/additional-resources/faq\",\n    \"description\": \"CyberDEX FAQ\",\n    \"timestamp\": 1785161101257\n  },\n  {\n    \"id\": \"Kj9lRwTFManDu8Ti\",\n    \"url\": \"http://cyberdex.gitbook.io/exchange/additional-resources/litepaper\",\n    \"description\": \"Litepaper | CyberDEX\",\n    \"timestamp\": 1785161101257\n  }\n]"},{"id":"website","value":"https://www.cyberdex.xyz/"},{"id":"twitter_profile","value":"https://x.com/cyberdex_xyz"},{"id":"coingecko_profile","value":"https://www.coingecko.com/en/coins/cyberdex"},{"id":"discord_profile","value":"https://discord.gg/cyberdex"},{"id":"github_profile","value":"http://cyberdex.gitbook.io/"},{"id":"rootdata_profile","value":"https://www.rootdata.com/Projects/detail/CyberDEX?k=MTI3MDk="},{"id":"commit-message","value":"\"Added new wiki CyberDEX\""}],"events":[{"id":"4a9cafc9-b959-4c1b-8b3e-9bfb03c38a7a","date":"2022-03-01","title":"CyberDEX Platform Launch","type":"CREATED","description":"CyberDEX launched as a decentralized perpetual swaps trading platform.","link":null,"continent":null,"country":null}],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"operator":{"id":"0xd5893989b9952c6568a99F854795AcC5Ae480D56"},"language":"en","version":1,"linkedWikis":{"blockchains":["optimism"],"founders":[],"speakers":[]}}