What is ModeMax?

ModeMax is a decentralized exchange (DEX) offering both spot and perpetual trading with leverage up to 50x. It is designed to minimize swap fees and price impacts while supporting multi-asset collateral and cross-margin functionality. The platform uses Pyth as its primary price feed oracle, supplemented by an on-chain price tracker, ensuring accurate and reliable pricing for trades and liquidations.

Built on Mode, a Layer 2 DeFi platform, ModeMax benefits from high scalability and low transaction costs. Mode's modular infrastructure supports rapid application development and deployment, leveraging Ethereum Virtual Machine (EVM) compatibility.