1DEX

1DEX is a high-performance decentralized central limit order book (CLOB) built on Vaulta. It offers a secure, efficient, and user-centric trading environment with fast execution and low fees. By bridging the gap between decentralized and centralized exchanges, 1DEX meets the growing demand for DeFi services. Its fully on-chain order book gives users the best of both worlds: trading depth, self-custody, and composability.

A standout feature of 1DEX is its decentralized perpetual exchange services. The platform enables perpetual futures trading directly on the Vaulta blockchain without gas fees. This approach lowers entry barriers for participants while significantly improving transaction speed and efficiency.

Unlike typical decentralized exchanges (DEXs) with off-chain order books, 1DEX features a fully on-chain order book. This design enhances transparency and security as all transactions can be verified on the blockchain.

1DEX offers several key advantages:

• No gas fees: 1DEX eliminates transaction gas fees through Vaulta blockchain's optimized design, reducing costs for users.
• Seamless UX: Provides simplified login and trading with TouchID and FaceID signature verification.
• Performant CLOB: Achieves millisecond-level execution speeds, processing over 20,000 transactions per second to enable effective market making with minimal slippage.
• Full custody: Traders maintain complete control of their assets through non-custodial wallets, eliminating the counterparty risk typically associated with centralized exchanges.

How is 1DEX Secured?

1DEX employs a robust security framework to safeguard its network and user assets, combining both innovative and traditional security measures.

Built on the Vaulta chain, 1DEX uses a DPOS + BFT hybrid consensus algorithm. This mechanism ensures all transactions and operations are processed securely and in a decentralized manner.

1DEX's security is further enhanced by an Ethereum Virtual Machine (EVM) bridge protected by the validator set. This bridge enables secure deposits and withdrawals by requiring approval from two-thirds of the staking power to process transactions. This additional security layer ensures that asset transfers between 1DEX and other networks remain safe from unauthorized access.

1DEX uses Passkeys instead of traditional password and seed phrase wallets to help users securely self-custody their assets. When users sign in to 1DEX using a passkey, their authenticator uses public key cryptography to prove their identity without ever transmitting the passkey itself. Passkeys are bound to specific website domains, such as 1dex.com, and require a secure connection. This means web browsers will refuse to authenticate to lookalike phishing websites. These security features make passkeys highly resistant to phishing attempts and significantly more secure than SMS or TOTP two-factor authentication, which can be compromised through phishing attacks.

1DEX employs a proactive security approach by implementing safeguards against oracle manipulation attacks. These attacks can distort the real-world data that smart contracts rely on, but 1DEX's sophisticated security protocols effectively neutralize these vulnerabilities.

Security transparency is a priority for 1DEX. The platform conducts regular audits and reviews to ensure platform integrity and safety. By sharing these security assessment results openly, 1DEX demonstrates its commitment to maintaining a secure user environment.

In summary, 1DEX's comprehensive security framework integrates five key elements: a hybrid consensus algorithm, a secure EVM bridge, a passkey-based account system, protection against oracle manipulation, and regular security audits. These components work together to create a robust foundation for 1DEX's on-chain open financial system.