💉What is Adrena?

A peer-to-pool perpetuals DEX with 100x leverage and 100% revenue share to token holders.

Adrena is a decentralized and open source spot and perpetual exchange built on Solana with low swap fees and ZERO price impact trades.

The dapp is permissionless, meaning anyone can trade directly from their own wallet unlike most perp dexs which require you to create an account and deposit assets. (see Trading)

Trading is supported by a multi-asset pool that earns liquidity providers fees from lending to traders, swap fees, and additonal token incentives (see Providing Liquidity).

The application is supported by a 2-token model; $ADX (governance token) and $ALP (LP token). $ADX gives users voting rights to control the platform through the Adrena DAO. $ADX also participates in 20% revenue share of the platform. $ALP is the representation of the multi-asset pool and earns 70% of the platform revenue. (see Revenue Sharing and Tokenomics)

Dynamic pricing is supported by Pyth Oracles and trade execution is handled by our onchain automation fork of Clockwork called Sablier.