RadixPlanet is a decentralized cryptocurrency exchange (DEX) built on the Radix network. It was developed by the RadixPlanet team to provide a fast, secure, and easy way to trade tokens on the Radix ledger.
https://youtu.be/fYNlQ0AHbAA?si=7O8kn0TpqzNt-17w
The RadixPlanet DEX launched in 2023 and utilizes the unique capabilities of the Radix protocol to offer features not found in other DEX platforms. Key highlights of RadixPlanet include:
The RadixPlanet DEX aims to leverage the scalability, security, and composability of the Radix network to create a next-generation DEX for trading tokens and providing liquidity. The project is led by the RadixPlanet team and supported by the Radix community.
RadixPlanet utilizes full-range liquidity pools at launch. Full-range pools allow the price of tokens within the pool to fluctuate freely based on supply and demand, from zero to infinity. This helps ensure that liquidity does not completely dry up on one side of the trading pair.
Full-range pools adhere to the standard formula: x * y = k, where x and y represent the available liquidity of the two tokens and k is a constant. This formula maintains the invariant relationship between the two sides of the pool as trades occur.
Compared to concentrated liquidity models, full-range pools carry the risk of larger impermanent loss for liquidity providers due to higher price volatility. But they allow any price range to be supported.
RadixPlanet also supports multi-token liquidity pools at launch. Multi-token pools contain three or more tokens rather than the typical two tokens. When executing a trade, two tokens within the pool are selected. The smart contracts will handle the pricing and exchange between those two tokens based on their available liquidity in the pool, while the other tokens are unaffected.
Multi-token pools provide flexibility in the trading pairs that can be supported. They also reduce the need for multiple two-token pools between a group of tokens. However, they can introduce additional complexity in valuing the underlying assets.
RadixPlanet allows liquidity pool creators to configure pools as either public or private. This provides flexibility in how pools can be structured. Public pools allow anyone to provide liquidity. They offer full transparency to liquidity providers, as the parameters of the pool cannot be changed after creation. Public pools help attract liquidity by being open and non-exclusive. Private pools require approval to provide liquidity. Only addresses that have been granted a pool membership by the manager can add funds. Private pools give the creator more control over the liquidity sources and management. They can be useful when trying to limit access or create exclusive trading environments.
Adding liquidity to pools on RadixPlanet is handled through Non-Fungible Tokens (NFTs) representing liquidity positions rather than typical fungible LP tokens. When first supplying assets to a pool, a new NFT “liquidity badge” is minted to uniquely represent the position. Users can later add to an existing position to increase the amount of liquidity represented by that NFT. This helps simplify tracking returns from a given liquidity amount over time. NFT liquidity positions integrate with other signature RadixPlanet features like withdrawable earnings. Owners can manage or move positions while retaining associated earnings claims from collected fees.
RadixPlanet allows custom fee rules to be set on new liquidity pools. Creators can choose different fee types, collection methods, and beneficiary addresses to incentivize providing liquidity tailored to their use case.
Available fee rule configurations include: