IDEX Launches v3 Hybrid Liquidity on Polygon

IDEX, a decentralized cryptocurrency exchange based in San Francisco, has launched its v3 Hybrid Liquidity on Polygon, a Layer 2 scaling solution.The launch introduces five key features to the DEX: combined automated market making and order book liquidity; trading rewards paired with liquidity mining; full transactional guarantees; a ‘real limit’ for trades and stop-loss orders, and low transaction fees across its platform.According to IDEX, its project is aimed at alleviating the “primary shortcomings within the DEX ecosystem, including front-running, slippage, and sandwich attacks, while also protecting users from the surging gas fees on the Ethereum network.”IDEX claims to have an innovative exchange design that offers crypto traders with the same features and functionalities that would otherwise have been limited to centralized exchanges, but with the fully configured “Hybrid Liquidity” features built into its platform to ensure security and liquidity of AMM pools.IDEX notes that the the DeFi sector has continued to boom exponentially, with the total value locked in DeFi protocols now reaching $256.91 billion, which statistically is a 1,089.4% surge.