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Frequently Asked Questions
What is Vyper DEX?
Vyper is a peer-to-peer marketplace that allows anyone to trade a wide range of on-chain derivatives in a transparent and easy way. Users can choose from a wide range of assets and trade securely thanks to fully collateralized positions.
Vyper leverages an exchange model, meaning that we do not take on any risk and all trades are matched between a buyer and a seller directly.
How is this different from other DEX?
Vyper supports a large number of assets and payoffs which you can not find on other exchanges, be it crypto but also more traditional assets such as commodities, volatility and FX.
Every trade is segregated and deployed as a separate smart contract meaning that Vyper is less susceptible to oracle attacks, and that you can trade with confidence.
What assets are available on Vyper?
With Vyper every data feed provided by oracles can become a tradeable asset on Vyper.
Currently we support all data feeds from Pyth and Switchboard. Thanks to our Pyth integration we can support institutional grade data feeds such as the S&P 500, Nasdaq 100, Dow Jones, VIX, Gold, Silver, Oil, Bitcoin, Ethereum, and many more.
We also support data feeds from Switchboard, which allows you to be more creative and build your own data-feeds.
We are constantly adding new assets to our platform, so stay tuned!
Why was I deducted a small amount of SOL?
When you do a trade with Vyper you are initializing a new smart contract for every trade. This means that you need to pay a rent of around 0.018 SOL. This amount is not lost and soon we will implement a feature that allows you to reclaim this amount for all your trades, so no worries!
Where does the liquidity come from?
Some markets on our platform have guaranteed liquidity, meaning that you will be able to trade even if there is no other trader on the other side. This instant liquidity can be provided by the project themselves, by market makers or by protocol owned liquidity. Get in touch with us if you are interested in providing liquidity to our platform.