Rebates, deep markets and efficient margining define ideal DEX, Jayendra Jog notes

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Essential features for ideal perpetual DEX

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Jose Antonio Gastelum

1 hour ago

Rebates, deep markets and efficient margining define ideal DEX, Jayendra Jog notes — Essential features for ideal perpetual DEX

Jayendra Jog, co-founder and CEO at Sei Labs, outlines the features of what he views as a "perfect" perpetual decentralized exchange (DEX).

He lists several requirements: maker rebates accessible at all user tiers instead of just for large traders, avoidance of legacy funding baselines that disadvantage long positions, cancellation processes that precede order fills, portfolio margining designed to offset risk with correlated positions, and a single deep market per asset to prevent fragmentation.

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Jog has previously highlighted the benefits of onchain markets for enabling 24/7 price discovery as more countries move to tokenize equities, according to a recent post. In a separate note, he noted Monad’s release of a whitepaper on multi-proposer consensus, which aligns with infrastructure trends at Sei. The ongoing commentary adds context to his views on DEX design and market structure.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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