CoachA perpetual DEX is a decentralised exchange for perpetual futures, whose margin, positions and settlement are held and computed by a blockchain’s state rather than by a company. An on-chain order book is a central limit order book whose orders, cancels and matches are transactions executed and recorded by the chain’s consensus.
Quantitative Finance · Glossary
What is Perpetual DEX, on-chain order book?
Also known as: perpetual DEX · on-chain order book