​
The NLX Mission

Imagine a world where Bitcoin isn’t just a store of value, but a powerful engine driving a new financial ecosystem. This is the vision behind NLX, a protocol designed to bring Bitcoin-backed perpetual trading to the Core Blockchain.

NLX’s mission is simple yet revolutionary: to empower Bitcoin holders with the tools to put their BTC to work, earning yields and participating in trading markets without ever leaving the Bitcoin ecosystem. By building on-chain perpetual contracts backed by Bitcoin, NLX aims to increase capital efficiency while allowing users to maintain their exposure to BTC.

Let’s dive into how NLX makes this vision a reality.

​
Leverage Trading

Users can open up to 200x leveraged long or short positions on many asset classes including Cryptocurrency, Forex, and Commodities. NLX also accepts various Bitcoin synthetic assets as collateral with a correlation based liquidity aggregation model, allowing for flexible position and risk management strategies.

​
Market Making Vaults (NLP)

Users can simply deposit assets into the NLP-BTC vault to become market makers on NLX. NLX offers one of the highest real APR% for LPs in the market paid in $BTC. This is achieved through 3 yield sources:

  • 60% of the platform revenue from open/close fees and borrow rates are allocated as rewards for liquidity providers in the form of yield paid in BTC.

  • NLPs accrue value from all trader losses and liquiditations from acting as constant counterparties to all trades.

  • NLX also allocates a significant percentage of esNLX emissions to the LPs as additional incentives.

​
Product Features:

💰 Deep Aggregated Liquidity: NLX supports multiple assets as collateral. Traders at NLX are not restricted to a single collateral asset or a specific collateral type based on their trade direction. This will allow them to execute certain strategies much more effectively i.e. carry-trade strategy.

📈 High Leverage: NLX supports a maximum leverage of up to 200x of collateral value depending on the trading asset class. This feature allows users with high conviction in their market views to capitalize the potential upside from being right, maximizing their financial gains.

📈 On-chart Trading: Ability to drag and drop to adjust take-profit and stop-loss orders directly on the chart

💱 Advanced Order Types: NLX supports advanced order types such as limit order, take profit, and stop loss.

👁 Robust price oracle: NLX utilizes the Resilient Oracle Aggregation model, aggregating prices from multiple sources (ie: Pyth, APRO, Redstone, API3, etc) for price feeds for a fair and reliable price source. The robust setup also protects traders and liquidity providers from scam wicks or short-term rapid price movements in a volatile market condition.

🛡️ NLP protection: NLX has multiple mechanisms in place to ensure our liquidity providers are safe from various risks.

💻 Friendly UI/UX: NLX has put a lot of emphasis in delivering the best experience to our users. Whether you are a DeFi native or a new comer to the space, we make sure that navigating through our application is as intuitive as it can get.

🌐 Decentralization: NLX is a decentralized perpetual protocol. This means that we DO NOT pose any KYC requirements or have the ability to cease, blacklist, or freeze your account. You custody your own fund with full control of it at all times. Anyone with an internet connection, regardless of where they are, can trade on NLX.

Basics of Core