What is Blade?

The Blue-Chip DEX

Blade is a DEX designed for blue-chip tokens (e.g., ETH, WBTC, USD stablecoins, etc.) and no impermanent loss. Blue-chip tokens comprise 70% of all on-chain trading volume.

Blade's novel architecture makes money for LPs using the same arbitrage strategy used by professional market makers, but implemented in a permissionless and non-custodial manner. In contrast to most DEXs, Blade's LP yields are not generated from fees.

Blade computes prices off-chain using a sophisticated formula that incorporates low-latency price feeds from centralized exchanges along with a snapshot of on-chain state. It then uses on-chain proofs to validate prices and preserve permissionlessness. This allows Blade to make money from arbitrage, instead of paying a tax to arbitrageurs, while keeping gas fees low for traders. On Blade, liquidity providers take home superior yields with no impermanent loss and traders can expect no whales or bots front-running their trades.