# Key Features of waveX ### Liquidity Pool (WLP) Architecture * Unlike orderbook-based Perp DEXs, waveX uses a single liquidity pool (WLP). * Users deposit assets into the WLP, becoming liquidity providers (LPs) and earning a portion of the protocol’s fee revenue from opening and closing fees, borrowing fees, and swap fees. * No need for complex orderbook strategies—deposit your assets, and waveX handles the rest. ### Transparent & Secure On-Chain Transactions * All actions—position opening, closing, and fee distribution—are performed via **on-chain transactions**, making the system fully verifiable. * **Pyth and Chainlink** oracles are integrated to provide reliable market data and reduce the risk of price manipulation. ### User-Friendly UI/UX * The interface is designed to simplify perpetual trading, so even newcomers can open positions or provide liquidity without difficulty. * Core actions like opening positions, swapping tokens, and depositing liquidity are **intuitive** and require minimal steps. ### Built on the Soneium Mainnet * **Soneium Mainnet** offers **fast block times** and **relatively low gas fees**, ensuring a smooth user experience. * As the Soneium ecosystem grows, waveX may integrate additional DApps and expand its trading options and features. --- # 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/key-features-of-wavex.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.