Defx

Defx is an EVM-compatible Layer 1 built using Tendermint’s consensus. Its first app is a perp DEX with bridging contracts currently live on Arbitrum, with more in development for Solana, EVM, and non-EVM chains. Defx’s L1 will host applications native to the blockchain, with certain privileges built in. Expanding the L1’s native applications will be possible and controlled by the Defx DAO, with all changes governed through DAO voting mechanisms and proposals called Defx Improvement Proposals (DIPs).

Defx L1’s first native application is an orderbook perpetual futures DEX (commonly referred to as a perps DEX), with funding through a bridge on Arbitrum.

What’s unique about Defx?

• CEX-like experience without centralization trade-offs.
• No compromise full-fledged orderbook, with the fallback liquidity of AMMs in the background.
• Just-in-time funding to ensure your capital is only in a contract when necessary.