Domination Finance Overview
Exchange Model
Users can place orders, which can be triggered to change their positions. Each user may have multiple positions, each with its own margin, leverage, and dominance index. Positions change in value according to their entry price and leverage. These virtual positions are all denominated in a single collateral token, either USDC or wETH. Users transfer collateral only as needed to open or increase positions; we do not require them to top up an “account” before they can trade. Liquidity providers are the counterparty to all positions, not other traders.
Learn more about our exchange model in Perpetual Exchange.
Dominance
Each position's value is tied to a dominance index. See Dominance.
On-chain Contracts
The core contracts of the exchange are:
- Vault – holds liquidity provider funds that collateralize the exchange’s trade positions
- Perpetual Exchange – tracks perpetual trade positions
- Order Book – tracks pending orders while holding trader margin before trade execution
For more technical details, see the Contracts section.
Trade UI
Nobody wants to use Etherscan to trade. We provide a sleek, performant, and flexible user interface at domination.finance. See Trade UI to learn how it works.
Off-chain Services
Domination Finance runs off-chain infrastructure to
- execute orders in OrderBookV1 when on-chain trigger conditions are met
- liquidate positions in DomFiPerp when they become undercollateralized
- show trades and prices in our user interface
These bots are written in Rust for resource efficiency and local compute capabilities. In order to submit transactions the instant that conditions change, they must continuously monitor prices and on-chain state. To do this they utilize our in-house Query Engine, built on top of PostgreSQL. Read more details in Off-Chain Services.