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Quantitative Finance · Glossaire

Qu'est-ce que « Perpetual DEX, on-chain order book » ?

Aussi appelé : perpetual DEX · on-chain order book

Definition 21.1 Markets III: Commodities, Energy and Crypto · Chapitre 21 — On-Chain Order Books and Perpetual DEXs

A 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.

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