SOBAX (SBX)

SOBAX (SBX) is a decentralized and perpetual exchange allowing users to trade cryptocurrencies like BTC, ETH, and Polygon with up to 100x leverage directly from their wallets. The platform boasts a total trading volume of $3,838,684 and has an open interest of $22.7. With a user base of 168, SOBAX provides a secure and efficient trading environment.

One of the key features of SOBAX is its ability to reduce liquidation risks. By utilizing high-quality price feeds, the platform ensures that liquidations only occur when necessary, protecting users’ positions from temporary market fluctuations. Additionally, SOBAX offers cost-saving benefits, allowing users to enter and exit positions with minimal spread and zero price impact. This ensures that traders get the best possible price without incurring additional costs.

SOBAX is available on the Polygon network, allowing users to trade on their preferred network. The ecosystem revolves around two tokens: SBX and SBLP. SBX is the utility and governance token, accruing 30% of the platform’s generated fees. SBLP, on the other hand, is the liquidity provider token and accrues 70% of the fees. With an APR of 2.67% and 41.03%, respectively on the Polygon network, these tokens play a crucial role in the SOBAX ecosystem.