← All work · 2024 · Web3
JibX: a perpetuals DEX with restaking rewards
A perpetuals DEX with restaking rewards, near-zero fees, and high-leverage trading — built on EVM smart contracts with decentralised oracles.
About the project
JibX offers perpetuals with near-zero fees, high-leverage positions, and restaking rewards on top of LP and trader activity. The product is opinionated: a lean trading surface, EVM smart contracts for settlement, decentralised oracles for price truth, and a restaking layer that turns idle collateral into yield.
Challenge
Run a perpetuals venue at the lowest possible fee while keeping oracle integrity and liquidation behaviour honest under leverage. Restaking adds yield but also a layer of risk that has to be modelled, not waved at.
Solution
- 01Designed the perpetuals trading flow with sub-second order placement
- 02Integrated decentralised oracle feeds for price truth and liquidation triggers
- 03Built the restaking layer for trader and LP collateral
- 04Hardened smart-contract surfaces against MEV and oracle-manipulation patterns
Results
- →Shipped a fully on-chain perpetuals venue
- →Delivered restaking rewards on top of trader and LP collateral
- →Maintained low-fee execution alongside a high-leverage product surface
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