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Welcome to CobaltX

An on-chain order book AMM driving the next wave of DeFi innovation

NextCobaltX

Last updated 4 months ago

What is CobaltX?

CobaltX is an Automated Market Maker (AMM) built on the Soon Network, offering ultra-fast transactions, permissionless pool creation, and advanced yield-earning opportunities.

What Makes CobaltX Unique?

CobaltX introduced the first hybrid AMM, setting it apart from other AMM decentralized exchanges (DEXs) and DeFi protocols. Unlike traditional platforms, which rely solely on their own liquidity pools, CobaltX’s novel design allowed idle pool liquidity to be shared with central limit order books using the constant product formula.

Currently, CobaltX's hybrid AMM pools are in Swap Only mode, meaning liquidity is not being shared with third parties, ensuring focused and optimized performance.

CobaltX offers a few key advantages and products:

  1. Faster and More Affordable Transactions: Leveraging the efficiency of the Soon Network, CobaltX delivers transactions significantly faster than Ethereum, with gas fees that are a fraction of the cost..

  2. Permissionless pool creation: Easily create concentrated liquidity pools (CLMM) for any asset without restrictions.

  3. Ecosystem Rewards: Users and projects can add token incentives to any pool or pair, boosting yields for liquidity providers.

What Can You Do on CobaltX?

Trade and swap

Effortlessly exchange any two tokens using CobaltX’s fast and intuitive swap feature, powered by its liquidity pools.

Create a Pool

Launch a pool for any asset with just a few clicks. Once created, your pool will be tradeable through CobaltX’s routing program and accessible across the Soon ecosystem.

Earn Trading Fees By you can on every swap processed through your pool.

Earn COBALTX Tokens

Maximize your rewards by farming liquidity pools, staking, and exploring more yield-generating features coming soon.

Empower Your Project

CobaltX offers a permissionless suite of tools to power your project. From creating pools to leveraging liquidity incentives, you have everything you need to supercharge your DeFi initiatives.

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providing liquidity
earn trading fees