Golden Finance reports that on March 24, Polygon Labs and GSR, incubators focused on decentralized finance (DeFi) and the Ethereum scaling network Katana, acquired the decentralized exchange IDEX, which launched in 2017, to provide underlying support for its new product Katana Perps. The terms of the transaction were not disclosed.
IDEX was originally built on Ethereum and later expanded to the Polygon network. It is the first decentralized exchange to combine a high-performance matching engine with on-chain settlement. The protocol will serve as the core foundational component for Katana Perps. Katana Perps is a perpetual futures platform designed to unify spot and derivatives trading within a single on-chain environment.
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