What is Zenex

Zenex is a perpetual futures exchange on Stellar. You trade the price of an asset through a long or short position. You post collateral, choose your exposure, and settle gains or losses in the market's settlement token.

Each market has its own vault of liquidity. The vault takes the other side of its traders' positions. Liquidity providers hold shares in that vault.

Start tradingOpen a position and follow your first order.Provide liquidityUnderstand vault shares, deposits, and withdrawals.Understand your signatureReview fees, relayers, and one-click permissions.Read the contractsExplore architecture, authorization, and settlement.

How a trade works

You sign an order with your terms. Each fill uses a signed price report. The contracts check the price, your terms, and the market's limits before they change your position.

The app can combine creation and a fill into one transaction. A confirmed transaction can also leave an order waiting for a later fill.

Understand the risk before you fund

Leverage can consume all the margin behind a position. A winning position can also face reduced profit or a forced reduction.

Vault shares can lose value, and withdrawals can wait. Read Risks before you trade or provide liquidity.

Choose the depth you need

Documentation explains actions, costs, and risks for traders and liquidity providers. Technical describes the architecture and contracts in detail.

For addresses and current settings, use Deployments. For a term, use Glossary.