# 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. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.wavex.fi/docs.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.