IDEX is on a roll this month - after the successful release of their API sandbox for IDEX 2.0 earlier in August, they have just announced a successful audit from Quantstamp, one of the leading blockchain security groups.
Quantstamp have given IDEX 2.0 their valuable seal of approval, putting IDEX on track to release their updated mainnet as early as next month. The full audit report can be found here.
Don Ho, the Managing Director of Quantstamp, had this to say:
“It is important that projects consider the impact of deploying unaudited code. It's not just about preserving your own position of trust in the crypto ecosystem; security breaches and hasty deployments reflect poorly on the entire landscape. We can’t expect DeFi to attract new participants and capital if we can’t protect the majority from expensive blunders. IDEX is operating with the level of maturity necessary for the continued success and security of the blockchain space.
IDEX 2.0 aims to combine the speed and features of a CEX, with the security and self-custody of a DEX. They offer a wide range of token pairs, a mobile app, and a staking feature which will earn IDEX stakers 50% of all trade fees.
IDEX 2.0 consists of
High-performance trading engine - Capable of processing hundreds of thousands of orders per second with low millisecond latency. Paired with a re-designed order schema, IDEX 2.0’s trading engine guarantees execution and provides performance on par with the world’s leading centralized exchanges.
Brand new UI/client - a modernized IDEX experience with a brand new interface, with advanced trading options and fully-featured mobile support.
Upgraded API - The new API supports all advanced order types including stop loss, post only, fill-or-kill, and more. The API conforms with industry standards enabling market makers to integrate in less than one day.`
Scalable non-custodial settlement - IDEX 2.0 uses an innovative layer-2 design, Optimized Optimistic Rollup (O2R), to enable throughput and volumes previously impossible on non-custodial platforms and to ensure that the underlying network doesn’t limit usage or growth.
Congratulations to IDEX, their hard work is clearly paying off, and we look forward to the release of their 2.0 mainnet.