Concentrated Liquidity

Utilizing the concentrated liquidity design of Uniswap V3 with an exponential function based algorithm, liquidity is distributed and aggregated as reasonable as possible on the premise of ensuring a high capital utilization of the maker pool.

Funding

Funding assures the trade price stays close to the index price, keeps the balance of open interests between longs and shorts and reduces the risk of liquidity. Funding is exchanged between longs and shorts.YFX does not charge any fees on funding paid or received.

Position Mode

The one-way position mode is brought to YFX-V2, in which users can hold only one position in one market. This is a typical trade experience in normal centralized perpetual exchanges and welcomed by most experienced users.

Conditional Orders

YFX v2 supports conditional orders. Users can place an order with price conditions, and the order will only be fullfilled when the index price meets the conditions. In this way, limit orders, take profit orders and stop loss orders appear in smart contracts for the first time.