FX100 Launches Perpetual Futures DEX on Sepolia with Liquidation Protection
FX100, a perpetual futures decentralized exchange (DEX) on Base, has launched its testnet on Sepolia. The platform offers traders 15 minutes of liquidation protection for new positions. Traders can use free test funds to experiment with the protocol and earn an early activity record.
The FX100 testnet is currently live, and participants can invite others to join. Each successful invitation 'strengthens your claim' towards a potential future FX100 Testnet Airdrop. After completing a transaction, traders can verify their wallet through Guild and claim the FX100 Testnet Whitelist role, unlocking dedicated Discord channels.
FX100 uses oracle prices for trades instead of traditional order books and settles against shared USDC liquidity. Chainlink provides the main pricing feed, while Pyth is used as a cross-check to detect unreliable market data.