What is IDEX (IDEX)? CEX exchange inherits the features of DEX

When AMM has revealed many limitations and traditional orderbooks are not decentralized enough, IDEX has created a breakthrough with the Hybrid Liquidity model, a solution that combines both in a single platform. So what is the IDEX project? Let's explore with Allinstation through the article below!

What is IDEX?

IDEX is a new generation decentralized exchange (DEX), pioneering the combination of AMM (Automated Market Maker) and traditional Orderbook models, creating the Hybrid Liquidity model (IDEX HL). Thanks to this combination, IDEX provides a smooth trading experience, high speed like a centralized exchange (CEX) while maintaining the decentralization and security of blockchain.

Initially developed on Ethereum, IDEX has now expanded to Layer 2 and multi-chain platforms such as BNB Chain and Polkadot, comprehensively solving issues of high gas fees, slow speed, and fragmented liquidity commonly seen in traditional DEXs.

IDEX Renamed to Kuma – A New Step for a Pioneer DEX Platform

As of 2025, IDEX has officially changed its brand name to "Kuma", marking a strategic transformation in its development journey. The name change is not just an image shift, but also reflects the project's new direction in expanding its operational scope, integrating decentralized identity technology, and accelerating the development of a truly Web3 trading platform.

Under the new Kuma brand, the IDEX team will continue to develop Hybrid Liquidity technology, expand multi-chain, and aim for a trading experience that is not only decentralized but also personalized, efficient, and more accessible to users worldwide.

However, despite being renamed to Kuma, the project retains the IDEX brand and IDEX Token. There is no information yet regarding token swap (As of 22/05/2025)

IDEX Highlights

Unique Hybrid Liquidity Model

IDEX is one of the first platforms to successfully develop Hybrid Liquidity (IDEX HL) – a mechanism combining orderbook (traditional order book) and AMM (Automated Market Maker).

• Outstanding Advantages: Overcoming inherent AMM drawbacks such as slippage, front-running, and failed transactions.
• Key Features: The system will route orders to match the best prices between limit orders and liquidity from AMM pools.
• User Experience: Provides a simple swap interface for beginners and a deep orderbook interface for professional traders.

High-Performance Trading Engine

Unlike most DEXs that rely entirely on smart contracts, IDEX uses an off-chain matching engine to process and match orders extremely quickly (milliseconds).

• This allows simulation of speed and accuracy like a CEX, while ensuring execution and settlement occur on the blockchain transparently and securely.
• Users enjoy fast trading experiences while maintaining full control of their assets.

Advanced Order Type Support

Unlike most AMMs that only support market orders (buying/selling at current price), IDEX HL allows users to place advanced orders such as:

• Limit Order
• Stop-Loss
• Fill or Kill (FOK)
• Post-Only

This makes IDEX a "deep" DEX similar to Binance, but without having to transfer assets to a third party.

Some Other Highlights of IDEX

• Optimizing Profits for LPs: IDEX HL improves yield performance for LPs through increased APY due to higher trading volume. Reducing impermanent loss because of order book price support.
• Preventing Front-Running and Transaction Errors: By using off-chain engine and smart order matching structure, completely eliminating front-running, MEV bots cannot "eat on top of" users. No more failed transaction errors, which were common problems in AMM DEXs.
• Multi-Chain Expansion: IDEX has now expanded to different blockchain networks, network diversity helps IDEX serve more user segments and reduce transaction fee pressure.
• Integrating Smart Order Routing: IDEX HL's routing system allows flexible switching between AMM liquidity sources and order books. Ensuring users always get the best possible price matching. Creating conditions for both professional traders and ordinary users to access the same platform without technological barriers.

Who is the Founder of IDEX?

IDEX was founded by Alex Wearn, a financial and technology expert with an academic background from Kellogg School of Management (Northwestern University) with two MBA degrees. Together with the team at Aurora Labs S.A., the parent company of IDEX based in Panama, they built this platform.

Other key members include: Phil Wearn – COO, Raymond Pulver – CTO and Forrest Whaling – Head of Marketing

Information about IDEX Token and Tokenomics

Basic Information

• Token Name: IDEX Cooperative Token
• Ticker: IDEX
• Blockchain: Ethereum
• Token Standard: ERC-20
• Contract Address: 0xb705268213d593b8fd88d3fdeff93aff5cbdcfae
• Circulating Supply: 590,919,396.31 IDEX
• Initial Total Supply: 1,000,000,000 IDEX

IDEX Utilities

• Staking to receive 50% of platform transaction fees.
• Governing upgrade proposals.
• Encouraging liquidity mining.

IDEX Token Allocation

• Aurora Network Operations: 50%
• Community: 40%
• Team & Employees: 25%
• Reserve & Operational Costs: 15%

Development Roadmap (Updated to 2025)

Already Implemented:

• IDEX v3 – Hybrid Liquidity
• New trading interface, integrated advanced order types
• IDEX on Ethereum, BNB Chain, Layer 2
• Support for staking and liquidity mining

Under Development:

• Leverage trading
• Multi-chain expansion to Arbitrum, zkSync, Polkadot
• Optimizing trading engine with AI order routing Dedicated interface for institutions

IDEX Investors and Partners

Investors

On August 7, 2020, IDEX completed its Seed Round and successfully raised 2.5 million USD. Leading this round was G1 Ventures, with participation from Borderless Capital and Gnosis – two organizations famous for investing in Web3 and DeFi infrastructure. This funding helped IDEX develop Hybrid Liquidity technology and expand to new blockchains like BNB Chain and Layer 2.

Partners

Gnosis, one of the investment and technology partners, supports IDEX in integrating security solutions, decentralized governance, and multisignature wallets. Gnosis is famous for products like Safe Wallet and Gnosis Chain.

IDEX is also actively working with top blockchain projects like BNB Chain, Arbitrum, Avalanche and Polkadot, aiming to expand Hybrid Liquidity deployment and provide smooth trading experiences for users across multiple ecosystems.

Conclusion

In the context of a continuously developing DeFi market with increasingly high user experience demands, IDEX has emerged as a pioneering platform combining the trading performance of CEX with the transparency and decentralization of traditional DEXs. With its unique Hybrid Liquidity technology, fast order matching system, support for advanced order types, and multi-chain expansion capabilities, IDEX is gradually reshaping how users interact with DeFi.

In the future, IDEX will not just be a DEX, but an important piece in Web3's trading infrastructure, aiming to provide seamless, fair, and safe trading experiences for everyone.