Integration Grants Application ‘26: Realyx - RWA Perpetual Futures DEX

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Application Introduction

1. Name of the Project

Realyx — The premier decentralized perpetual futures exchange for Real-World Assets (RWAs) and Crypto, natively built on Conflux eSpace.

2. Problem Statement & Proposed Solution

The Problem: Liquidity Fragmentation and RWA Access Barriers
Traditional Finance (TradFi) remains a “walled garden” characterized by capital-inefficient settlement cycles, high onboarding friction, and geographic exclusion for retail participants seeking exposure to marquee assets like US Equities or Global Commodities. Within the Conflux DeFi ecosystem, there is a critical vacuum for high-performance, non-custodial trading primitives that can bridge volatile crypto-native assets with stable Real-World Assets (RWAs). Existing synthetic asset protocols often suffer from:

  1. Oracle Latency: Inaccurate pricing during high volatility leads to stale-price arbitrage and protocol bleed.
  2. Solvency Risks: Lack of transparent, on-chain collateralization and robust liquidation engines to sustain market stress.
  3. Execution Friction: High latency and gas costs that preclude a competitive, low-slippage trading experience compared to centralized alternatives.

The Solution: Realyx’s High-Performance Perpetual DEX
Realyx is an institutional-grade, non-custodial perpetual futures engine engineered for the Conflux eSpace. By leveraging Conflux’s high throughput and sub-second block finality, Realyx delivers a “CEX-like” trading experience with the security and transparency of on-chain settlement.

Key technical differentiators include:

  • Pull-Based Oracle Architecture: Integration of Pyth Network’s low-latency, high-fidelity price feeds ensuring sub-second state updates and protection against MEV-related front-running.
  • Unified Liquidity Layer: A multi-asset collateral vault (VaultCore) supporting up to 50x leverage across a diverse pair spectrum including CFX/BTC/ETH and tokenized RWAs such as TSLA, NVDA, and XAU.
  • Programmatic Solvency: A strictly enforced risk management layer involving dynamic maintenance margins, multi-tier liquidations, and an insurance fund backstop to guarantee protocol-wide delta neutrality and solvency.

3. Alignment with Conflux Network

  • Ecosystem Synergy: Realyx acts as a fundamental DeFi building block. By providing a venue for RWA exposure, we attract a new demographic of traders who may not be crypto-native but are looking for tokenized exposure to traditional markets.
  • Economic Benefit: The protocol is designed as a liquidity magnet. The VaultCore system incentivizes liquidity providers to deposit (USDT0.AxCNH.USDT.USDC)/CFX to earn premiums, directly increasing the Total Value Locked (TVL) on Conflux. Furthermore, high-frequency perpetual trading generates consistent on-chain transaction volume and protocol revenue.
  • Developer Interest: Realyx is built with a modular “API-first” philosophy. Our native PostgreSQL indexer and planned SDK will allow developers to build arbitrage bots, auto-compounding vaults, and treasury management tools on top of our liquidity, fostering a richer developer sub-ecosystem.

4. Competitive Edge

  • Incorporation Status: Realyx is currently a community-led project originating from the Global Hackfest 2026, with plans for formal incorporation following the initial grant phase.

:trophy: Competitive Edge

Realyx sits at the intersection of Perpetual DEXs and RWA Tokenization. Unlike existing protocols that focus on a single niche, Realyx offers a unified liquidity layer.

Feature Realyx (Conflux) Typical Perp DEX (GMX/dYdX) RWA Platforms (Ondo/Mantra)
Asset Diversity Crypto + Equities + Commodities Crypto Only RWAs Only
Execution On-Chain Hybrid (Pyth + Indexer) On-Chain/Off-Chain Often Centralized/Minting Only
Leverage Up to 10x Up to 50x None
Custody 100% Non-Custodial Non-Custodial Varies (Often Custodial)
TradFi Sync Native Market Calendar N/A Manual/Centralized

:link: Project Links

:credit_card: Wallet

  • Conflux eSpace Address: 0xba7A2A3B65FBd55b1f6E13e871943aBB8E842b14
  • Incorporation Status: Realyx is currently a community-led project originating from the Global Hackfest 2026, with formal incorporation scheduled for Q3 2026.

Technical Introduction & Infrastructure

:books: Glossary of Terms

  • RWA (Real World Asset): Tangible or financial assets (Equities, Forex, Commodities) brought on-chain.
  • PnL (Profit & Loss): The real-time gain or loss of a position, calculated with 18-decimal precision.
  • OI (Open Interest): The total value of all open long and short positions in a specific market.
  • BPS (Basis Points): A unit of measure for fees and percentages (100 BPS = 1%).
  • TWAP (Time-Weighted Average Price): A pricing algorithm used to prevent flash-loan attacks and oracle manipulation.

Purpose & Scope

The application utilizes a layered architecture to ensure maximum performance and security:

  1. On-Chain Layer (Conflux eSpace): Solidity smart contracts managing margin, PnL, and vault accounting.
  2. Oracle Layer (Aggregated Multi-Source): High-fidelity infrastructure integrating Pyth Network for sub-second updates, supplemented by a Native Guardian-Confirmed oracle for decentralized failover.
  3. Data Layer (PostgreSQL Indexer): A native, low-latency indexer that tracks thousands of positions and provides instant data to the UI.
  4. Market Logic Layer (Market Calendar): A proprietary system that synchronizes on-chain trading with global market hours, automatically pausing trading for specific RWAs during weekends and holidays.

:shield: Security Architecture

Security is a core protocol pillar, embedded throughout the design.

Security Layer Feature Description
Protocol Solvency Insurance Fund A dedicated staking pool that backstops bad debt, ensuring protocol longevity.
Risk Management Dynamic Maintenance Maintenance margin scales with leverage to mitigate systemic liquidation risks.
Market Integrity Exposure Caps Hard caps on per-market open interest to prevent single-asset volatility from impacting the vault.
Fail-safes Circuit Breakers Automatic “Emergency Mode” if vault utilization exceeds 90% or bad debt spikes.
Oracle Safety Multi-Source Aggregation Primary sub-second pricing via Pyth Network with a Native Guardian Quorum failover.
User Protection Reservation Buffer A 5% buffer on queued withdrawals ensures LPs can exit even in shifting markets.

Technical Proposal & Core Features

:rocket: Key Technical Features

  • 18-Decimal Precision Engine: All PnL, funding, and liquidation calculations utilize high-precision math to ensure zero rounding errors.
  • Modular Architecture: Separating TradingCore, VaultCore, and OracleAggregator allows for seamless upgrades without service interruption.
  • Asynchronous Withdrawal Queue: Prevents “Bank Runs” by requiring a cooldown period for large exits, maintaining protocol stability.
  • Tiered Liquidation Engine: Incentivizes early liquidations through shifting fee tiers, protecting the protocol from systemic risk.
  • High-Performance Indexer: Provides sub-second state synchronization, ensuring the user’s dashboard reflects real-time on-chain data.

:gem: Fully Tokenized Trading Positions (ERC-721)

Realyx is a pioneer in fully tokenizing every trading position. When a user opens a trade, a unique ERC-721 token (PositionToken) is minted to their wallet.

  • Transferable Alpha: Users can transfer open positions between wallets without closing them, enabling seamless portfolio management.
  • Composable DeFi: Representing positions as standard NFTs allows integration into lending protocols and secondary markets.
  • On-Chain Metadata: Each token reflects market state, direction, and entry price, providing absolute transparency.

:zap: Multi-Tier Order Engine

Realyx provides a suite of advanced order types to accommodate professional trading strategies:

  • Market Orders: Instant execution optimized for low-latency entry using real-time Pyth oracles.
  • Limit Orders: Automated “Increase” and “Decrease” orders that execute only when price targets are met.
  • Advanced Risk Protection: Native Stop-Loss (SL) and Take-Profit (TP) triggers residing directly in the position metadata.
  • Trailing Stops: Dynamic stop-losses that track favorable price action to lock in profits.

Non-Functional Overview

  • Usability: Mobile-first responsive design featuring “One-Click” trading and real-time WebSocket updates.
  • Performance: Backend-indexed state allows the UI to load complex portfolios in <1.5 seconds.
  • Reliability: Multi-provider oracle failover (Pyth -> Guardian) to maintain price continuity.

Total Budget

Grant Size Requested: $30,000

Budget Justification

Category Allocation Description
Security Audits $15,000 Professional smart contract audit by a reputable firm to ensure protocol safety.
Infrastructure $5,000 Hosting for PostgreSQL indexers, RPC nodes, and Pyth Hermes instances for 12 months.
Marketing & Liquidity $10,000 LP bootstrapping incentives, trading competitions, and community growth initiatives to scale the Conflux user base.

Development Roadmap

Milestone 1: Security & Polish (Month 1-2)

  • Deliverable: Professional Audit Report & UI v2.0 Launch.
  • Requested Funding: $12,000
  • Focus: Remediating internal findings, optimizing the liquidation engine, and completing the high-performance UI overhaul.
  • Verification: Publicly accessible audit PDF and GitHub repository with 85%+ test coverage.

Milestone 2: Mainnet Launch (Month 3-4)

  • Deliverable: Deployment on Conflux eSpace Mainnet & Liquidity Genesis.
  • Requested Funding: $10,000
  • Focus: Launching the Vault with initial liquidity and initiating the first protocol trading competition.
  • Verification: Verified contract addresses on ConfluxScan and +$1M target TVL.

Milestone 3: Ecosystem Expansion (Month 5-6)

  • Deliverable: Multi-collateral Support, Cross Margin Support, Copy Trading, & Referral Launch.
  • Requested Funding: $8,000
  • Focus: Integration of USDT0/AxCNH, launching the Cross Margin engine, Social copy trading and deploying the multi-tier on-chain referral system.

:classical_building: Governance Roadmap

Realyx is committed to a progressive decentralization strategy:

  1. Phase 1: Guardian Era (Current): Oversight by the founding team and trusted ecosystem Guardians to ensure security during early growth.
  2. Phase 2: DAO Transition: Launch of the Realyx DAO for community-led parameter updates and asset listings.
  3. Phase 3: Full Autonomy: Protocol parameters and treasury management fully controlled by smart-contract based governance.

Team

Amir (AmirMP12)

  • Role: Lead Full-Stack Developer & Architect.
  • Experience: Solidity developer with deep experience in DeFi protocols and high-performance indexing. 2x conflux bounty winner.
  • GitHub: https://github.com/AmirMP12

Confirmation of Terms

I agree to all of the following terms of use in applying to a Conflux Ecosystem Grant:

  1. I have read and understood the Conflux Grants Ecosystem Overview.
  2. I have read about and understood that the Conflux Technical Grants are subject to a No-Sale rule.
  3. I agree to provide KYC information to the Conflux Foundation for the sake of overall ecosystem security.
  4. I understand that I will be required to follow public grant reporting requirements.