Defx Docs
Go to WebsiteTrade on Defx
  • About Defx
  • Defx Platform Overview
    • Self-Custodial
    • Central-Limit Order Book (CLOB)
    • APIs & Webhooks
  • Defx Product Docs
    • Orders
    • Margin
    • Liquidation
    • Insurance Fund
    • Auto-Deleveraging
    • Just-in-Time (JIT) Funding
    • Self Trade Prevention
    • Price Oracle
    • Fees
    • Multi-Asset Mode
      • Collateralization & Liquidation Ratios
      • Liquidation in Multi-Asset Mode
    • Glossary
  • Defx Smart Contracts
  • Contract Specifications
  • Defx Developer Hub
    • REST APIs Documentation
      • REST API Postman Collection
    • WebSocket Documentation
      • User Data Streams (Closed Socket)
      • MarketFeed Streams (Open Socket)
  • Referrals
  • Points
  • Using our Testnet
  • Audits
  • Risks
  • Restricted Territories
  • Terms & Conditions
  • Features
    • Trade Smarter: How Defx's Multi-Asset Collateral System Transforms Crypto Trading
    • sUSDe support
Powered by GitBook
On this page
  1. Defx Platform Overview

Central-Limit Order Book (CLOB)

At the heart of Defx is a Central Limit Order Book (CLOB) that ensures every trade is executed with transparency and fairness. Unlike Automated Market Makers (AMMs), the CLOB model allows for more efficient price discovery and tighter spreads, leading to better trade execution for participants. This system matches buy and sell orders based on price and time priority, ensuring that the best possible price is always achieved for both makers and takers.

PreviousSelf-CustodialNextAPIs & Webhooks

Last updated 11 months ago

Page cover image