Aurora Labs Releases IDEX on the Ethereum Mainnet
Aurora Labs has announced the launch of IDEX, a new high-performance decentralized exchange for trading Ethereum tokens. IDEX provides traders with both smart contract security and a real-time trading experience, eliminating the usability issues currently associated with Ethereum-based decentralized exchanges. With IDEX, traders can trade back and forth instantly, place multiple orders at once, and cancel orders without gas costs.
Regarding its recent launch, CEO Alex Wearn said, “IDEX is the culmination of over 10 months of research and development. We have solved the greatest pain points associated with decentralized exchanges using a unique combination of off-chain architecture and on-chain settlement.
Traders have made it clear they value both security and usability, and with IDEX customers no longer have to sacrifice one for the other.” IDEX’s off-chain infrastructure manages the trading experience, while the smart contract handles all funds, trade authorization, and final settlement.