# Docs

*(updated September 11, 2025)*

**waveX** is a Perpetual DEX (decentralized exchange for perpetual futures) built on the **Soneium Mainnet**. It seeks to overcome the typical centralization issues and high barriers to entry found in traditional derivatives exchanges. By adopting a **Liquidity Pool (WLP)** model, waveX allows anyone to provide liquidity and earn fees, regardless of their asset size or technical expertise.

* Officially launched alongside **Soneium Mainnet** on **January 14, 2025**
* Recognized as the **Perp DEX Winner** in the **Soneium Spark Incubation Program**
* Designed with an **intuitive UI/UX**, making it easy for beginners to start trading perpetual futures
* Employs an **oracle system** using **Pyth**, ensuring stable and accurate price feeds

## Mission & Vision

#### **Maximize Transparency**

* All trading and position data are recorded on-chain, allowing anyone to verify and audit the information.

#### **Open Finance for Everyone**

* Even without large amounts of capital or advanced trading knowledge, users can earn a share of protocol fees by providing liquidity to the **WLP**.

#### **Pursue Scalability**

* Continual collaboration with the Soneium ecosystem to integrate more assets and features over time.