> For the complete documentation index, see [llms.txt](https://docs.wavex.fi/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.wavex.fi/docs/key-features-of-wavex.md).

# 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.