IDEX is a Hybrid Liquidity DEX. Centralised exchanges usually offer faster transaction speeds and better features than decentralised exchanges, while decentralised exchanges typically offer better security and liquidity. IDEX aims to combine the best features of both types of decentralised exchanges onto a single platform. As a result, users can find better spreads, avoid transaction failure, access more liquidity, and place real limit and stop-loss orders.
The IDEX token performs essential utility activities on the platform. For example, users can stake the token and earn 50% of the trade fees collected by the network.