# Defx Perp DEX

Defx's perp DEX is our anchor product. We're a Central Limit Order Book (CLOB) based perp DEX because we believe CLOBs lead to better price discovery and tighter spread. The 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.

Anyone can trade via the UI or APIs. Over time, we expect trading to be driven by third party applications powered by our implementation of builder codes.


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```
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```

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