Integration Grants Application '26: Realyx — RWA Perpetual Futures DEX
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:
- Oracle Latency: Inaccurate pricing during high volatility leads to stale-price arbitrage and protocol bleed.
- Solvency Risks: Lack of transparent, on-chain collateralization and robust liquidation engines to sustain market stress.
- 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 30x leverage (configurable up to 100x per market) 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 — directly expanding Conflux’s user base.
-
Economic Benefit: The protocol is designed as a liquidity magnet. The
VaultCoresystem incentivizes liquidity providers to deposit USDT0/AxCNH/USDT/USDC 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 on Conflux.
4. 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 with distinct advantages:
| Feature | Realyx (Conflux) | GMX (Arbitrum) | Gains Network (Polygon) | dYdX (Cosmos) |
|---|---|---|---|---|
| RWA Markets |
 Equities, Forex, Commodities |
 Crypto only |
 Limited synthetic |
Crypto only |
| Oracle | Pyth (pull-based, sub-second) | Chainlink (push) | Custom DON | In-house |
| Position NFTs |
ERC-721 composable |
|
|
|
| Market Calendar |
TradFi-aware scheduling |
|
|
|
| On Conflux eSpace |
Native |
|
|
|
| Max Leverage | Up to 30x (configurable to 100x) | 50x | 150x | 20x |
| Insurance Fund |
On-chain, siloed |
GLP-based |
DAI vault |
|
| Dividend System |
LP yield + dividends |
|
|
|
Key Differentiators:
- Only perpetual DEX on Conflux eSpace with RWA support — no direct competitor exists in the ecosystem.
- ERC-721 Position Tokens — pioneering composability for leveraged positions.
- MarketCalendar — proprietary TradFi-aware scheduling that automatically pauses RWA markets during weekends/holidays.
- Full-stack product already deployed on testnet
5. Existing Solutions & Feasibility Study
On Conflux: There is currently no perpetual futures DEX deployed on Conflux eSpace, let alone one supporting RWA markets. This represents a critical gap in the ecosystem’s DeFi stack.
Cross-chain competitors: GMX, Gains Network, and dYdX dominate perpetual trading on Arbitrum, Polygon, and Cosmos respectively. However, none have deployed on Conflux or offer the same RWA-focused feature set.
Feasibility Assessment:
-
Technical Feasibility: All 40+ production smart contracts compile, deploy, and execute correctly on Conflux eSpace Testnet (verified). -
Oracle Feasibility: Pyth Network providing the critical price feed infrastructure.
-
Market Feasibility: The tokenized RWA market is projected to reach $16T by 2030 (BCG). Perpetual futures represent the highest-volume trading instrument in crypto ($150B+ daily).
-
Execution Feasibility: Full-stack product (smart contracts + frontend + backend + keeper bot) is already operational on testnet with working UI.
Project Links
- Website/DApp (Demo): https://realyx.vercel.app
- GitHub: https://github.com/AmirMP12/realyx-perp-conflux
- Documentation: https://github.com/AmirMP12/realyx-perp-conflux/tree/main/docs
Wallet
-
Conflux eSpace Address:
0xba7A2A3B65FBd55b1f6E13e871943aBB8E842b14
Business Status
Realyx is currently a community-led project originating from the Global Hackfest 2026 (Winner), with formal incorporation scheduled for Q3 2026 following the initial grant phase.
Technical Introduction
Purpose & Scope
Realyx is designed to fill the critical gap for a high-performance perpetual futures exchange in the Conflux DeFi ecosystem. The system enables non-custodial leveraged trading of both crypto-native assets and Real-World Assets through synthetic perpetual contracts settled entirely on Conflux eSpace.
System Architecture
The application utilizes a layered architecture to ensure maximum performance and security:
- On-Chain Layer (Conflux eSpace): 40+ production Solidity smart contracts (Solidity 0.8.24) managing margin, PnL, position lifecycle, and vault accounting.
- 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.
- Data Layer (PostgreSQL Indexer): A native, low-latency event indexer that tracks thousands of positions and provides instant data to the UI — powering leaderboards, analytics, and portfolio views.
- 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.
- Keeper Layer (Automated Bot): Decentralized keeper nodes that detect order events and execute trades by injecting fresh Pyth oracle data, enabling trustless order execution.
Objectives & Success Criteria
| Objective | Success Criteria | Timeline |
|---|---|---|
| Security certification | Professional audit report with no Critical/High findings | Month 2 |
| Mainnet deployment | All core contracts verified on ConfluxScan Mainnet | Month 4 |
| Liquidity bootstrapping | $350,000+ TVL in VaultCore | Month 6 |
| Trading activity | 200+ monthly active traders | Month 6 |
| Market coverage | 15+ listed markets (crypto + RWA) | Month 6 |
| Test quality | 85%+ smart contract test coverage maintained | Ongoing |
Current Deployment Status (Testnet — LIVE)
All core contracts are deployed and verified on Conflux eSpace Testnet (Chain ID: 71):
| Contract | Address | ConfluxScan |
|---|---|---|
| TradingCore | 0x64f277f73bfc81Ad80286a4266c0E0613d867Df3 |
View |
| VaultCore | 0xB5C983d038caA21f4a9520b0EFAb2aD71DE4e714 |
View |
| OracleAggregator | 0x89cC8eAbF2e967d81FD04D1023298A3bDcE67450 |
View |
| PositionToken | 0x4368b5741A105c1ACE50ad98581fDa050685fa8B |
View |
| TradingCoreViews | 0x944d4030CEc4Bf552d8E46dC684B70B100Eb0b86 |
View |
| MarketCalendar | 0xD3c20cca25Dd8189ed6115A1b65192d831ca732F |
View |
| DividendManager | 0xa5bd07176Ef68D1ec51BfCCD911d3B586a45c54F |
View |
| ComplianceManager | 0xa79185D94013FaC946Ce80fDbB8E781200A28F7e |
View |
| DividendKeeper | 0x28B46F65c26BDC6b9c77603B092EDdcd7EADEC82 |
View |
Glossary of Terms
- RWA (Real World Asset): Tangible or financial assets (Equities, Forex, Commodities) brought on-chain via synthetic perpetual contracts.
- 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.
- TVL (Total Value Locked): The total USD value of assets deposited in the protocol’s vaults.
References
- Pyth Network Documentation — https://docs.pyth.network
- Conflux eSpace Developer Guide — https://doc.confluxnetwork.org
- BCG Report: “Relevance of On-Chain Asset Tokenization” (2022) — projects $16T tokenized asset market by 2030
- GMX Protocol Documentation — https://docs.gmx.io (architectural reference)
- OpenZeppelin Contracts v5 — used for ERC-721, AccessControl, ReentrancyGuard base implementations
Technical Proposal
Functional Overview
Core On-Chain Components (7 Production Contracts)
1. TradingCore — The Central Trading Engine
- Handles creation, validation, and execution of market and limit orders
- Manages position lifecycle: open → modify → close/liquidate
- Enforces leverage limits, margin requirements, and market exposure caps
- Supports up to 20 concurrent active markets
2. VaultCore — The Liquidity Engine
- Serves as the universal counterparty to all trader PnL
- Manages LP deposits, share issuance, and asynchronous withdrawal queues
- Contains the Insurance Fund — a dedicated subset of liquidity to backstop systemic risk
- Implements cooldown periods on large withdrawals to prevent “bank runs”
3. OracleAggregator — The Deterministic Pricing Router
- Integrates Pyth Network’s pull-based oracle for sub-second price updates
- Validates price freshness, confidence intervals, and TWAP deviations
- Multi-tier circuit breakers: Price Drop, Volume Spike, TWAP Deviation, Oracle Failure, Utilization, Emergency
- Guardian-confirmed fallback oracle for decentralized failover
4. PositionToken (ERC-721) — Composable Position NFTs
- Each open trade mints a fully transferable ERC-721 token to the trader’s wallet
- Enables position transfers between wallets without closing trades
- On-chain metadata reflects market, direction, entry price, and leverage
- Enables future integration with lending protocols and secondary markets
5. MarketCalendar — TradFi-Aware Scheduling
- Automatically pauses RWA markets during weekends and global holidays
- Configurable per-market schedule (crypto markets run 24/7)
- Prevents stale-price trading during off-hours
6. DividendManager — LP Yield Distribution
- Manages protocol revenue distribution to liquidity providers
- Automated dividend calculations and claims
7. TradingCoreViews — Read-Only Query Layer
- Gas-optimized view functions for frontend data fetching
- Aggregates position, market, and protocol state queries
Supporting Libraries (24 Specialized Libraries)
The protocol is built on 24 purpose-specific libraries ensuring separation of concerns:
| Library | Purpose |
|---|---|
TradingLib |
Core trade execution logic |
LiquidationLib |
Multi-tier liquidation engine |
PositionMath |
18-decimal precision calculations |
FundingLib |
8-hour funding rate settlements |
FeeCalculator |
Dynamic maker/taker fee computation |
CircuitBreakerLib |
6-type circuit breaker system |
OracleAggregatorLib |
Multi-source price aggregation |
EmergencyPauseLib |
Emergency protocol pause mechanisms |
EmergencyPriceLib |
Emergency pricing fallbacks |
FlashLoanCheck |
Flash loan attack detection (30-block interval) |
WithdrawLib |
Asynchronous withdrawal processing |
ConfigLib |
Market parameter validation |
MonitoringLib |
Protocol health monitoring |
GlobalPnLLib |
Global PnL accounting |
HealthLib |
Position health factor computation |
Multi-Tier Order Engine
- Market Orders: Instant execution using real-time Pyth oracles via keeper bots
- Limit Orders: Automated “Increase” and “Decrease” orders executing at price targets
- Stop-Loss / Take-Profit: Native triggers embedded in position metadata
- Trailing Stops: Dynamic stop-losses that track favorable price action
Fully Tokenized Trading Positions (ERC-721)
Realyx pioneers fully tokenizing every trading position:
- Transferable Alpha: Transfer open positions between wallets without closing
- Composable DeFi: Standard NFTs integrate with lending protocols and secondary markets
- On-Chain Metadata: Each token reflects market state, direction, entry price, and leverage
Security Architecture
Security is a core protocol pillar, embedded throughout every layer:
Access Control (Role-Based):
- 7 distinct roles:
ADMIN,OPERATOR,GUARDIAN,ORACLE,LIQUIDATOR,KEEPER,TRADING_CORE - Strict separation of privileges — keepers cannot modify parameters, guardians cannot execute trades
Circuit Breakers (6 Types):
-
PRICE_DROP— halts on extreme price movements -
VOLUME_SPIKE— halts on abnormal volume patterns -
TWAP_DEVIATION— halts when spot deviates from TWAP -
ORACLE_FAILURE— halts on oracle staleness/confidence degradation -
UTILIZATION— halts when vault utilization exceeds safe thresholds -
EMERGENCY— manual guardian-triggered halt
Anti-Manipulation:
-
FlashLoanCheckenforces a 30-block minimum interval between position open/close - TWAP-based pricing prevents single-block manipulation
- Pyth confidence interval validation rejects low-quality price data
Solvency Protection:
- Insurance Fund with configurable target/minimum ratios
- Multi-tier liquidation with escalating incentives (near-threshold → medium-risk → deeply-underwater)
- Asynchronous withdrawal queue with cooldown periods
- Bad debt tracking and claim system
Test Coverage:
- 81 test files across 4 categories: Core (16), Security (4), E2E (1), Fuzz (1), plus scenario, mock, and wrapper tests
- Coverage target: 90%+ maintained across all production contracts
Legal & Licensing
- Smart Contracts: MIT License (open-source)
- Regulatory Positioning: Realyx offers synthetic perpetual contracts — users never take custody of underlying RWAs. Positions represent price exposure only, settled in stablecoins.
- Disclaimer: All RWA market names (e.g., TSLA, NVDA) represent synthetic price feeds from Pyth Network oracles. Realyx does not tokenize, custody, or offer securities.
Non-Functional Overview
- Usability: Mobile-first responsive design featuring “One-Click” trading and real-time data updates.
- Performance: Backend-indexed state allows the UI to load complex portfolios in <1.5 seconds. Server-side caching for global metrics (TVL, Volume, OI).
- Reliability: Multi-provider oracle failover (Pyth → Guardian). Serverless-compatible architecture with REST polling fallback when WebSockets are unavailable.
- Implementation: React + Vite frontend, Express + PostgreSQL backend, Solidity 0.8.24 smart contracts with Hardhat toolchain, automated keeper bot for order execution.
- User Interface: Professional-grade trading terminal with TradingView-style charts, real-time position tracking, advanced order panels, and comprehensive portfolio analytics. Live demo: https://realyx.vercel.app
Total Budget
Grant Size Requested: $30,000
Budget Breakdown
| Item | Milestone | Cost | Details |
|---|---|---|---|
| Professional Smart Contract Audit | MS1 | $7,000 | Third-party security firm |
| UI/UX v2.0 Overhaul | MS1 | $3,000 | Professional redesign + responsive implementation |
| Bug Bounty Reserve | MS1 | $2,000 | Community security testing program |
| Infrastructure (6 months) | MS2 | $3,000 | Dedicated RPC nodes, PostgreSQL hosting, Vercel Pro |
| Liquidity Bootstrapping | MS2 | $4,000 | Initial vault seeding + trading competition prizes |
| Marketing & Community Launch | MS2 | $3,000 | Content creation, KOL partnerships, AMAs, social campaigns |
| Multi-Collateral Integration | MS3 | $3,000 | USDT0/AxCNH smart contract integration + testing |
| Cross Margin Engine | MS3 | $2,000 | Development + comprehensive testing |
| Copy Trading + Referral System | MS3 | $2,000 | On-chain referral + social copy trading features |
| Contingency & Operational | MS3 | $1,000 | Unforeseen costs, gas fees, tooling |
| Total | $30,000 |
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 on GitHub
- GitHub repository with test coverage (verified via
solidity-coverage) - Updated demo deployed at realyx.vercel.app
KPIs:
| Metric | Target |
|---|---|
| Audit findings (Critical/High) | 0 unresolved |
| Test coverage | ≥90% |
| Bug bounty participants | 10+ |
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, listing 10+ markets, and initiating the first protocol trading competition
-
Verification:
- All contracts verified on ConfluxScan Mainnet
- Public liquidity dashboard showing real-time TVL
- Trading competition
KPIs:
| Metric | Target |
|---|---|
| TVL | $100,000+ |
| Active markets | 10+ |
| Daily active traders | 50+ |
| On-chain transactions | 1,000+/week |
Milestone 3: Ecosystem Expansion (Month 5–6)
- Deliverable: Multi-collateral Support, Cross Margin, Copy Trading & Referral Launch
- Requested Funding: $8,000
- Focus: Integration of USDT0/AxCNH collateral, launching the Cross Margin engine, social copy trading, and deploying the multi-tier on-chain referral system
-
Verification:
- Multi-collateral deposits functional on mainnet
- Referral tracking dashboard live
- Copy trading feature operational
KPIs:
| Metric | Target |
|---|---|
| TVL | $350,000+ |
| Monthly active traders | 200+ |
| Active markets | 15+ |
| Referral signups | 100+ |
| Community members | 4,000+ |
Decentralization Roadmap
Realyx is committed to progressive decentralization:
- Phase 1: Guardian Era (Current) — Oversight by the founding team and trusted ecosystem Guardians to ensure security during early growth.
- Phase 2: DAO Transition — Launch of the Realyx DAO for community-led parameter updates, asset listings, and treasury management.
- Phase 3: Full Autonomy — Protocol parameters and treasury fully controlled by smart-contract-based governance.
Risk Assessment & Mitigation
| Risk | Probability | Impact | Mitigation |
|---|---|---|---|
| Smart contract vulnerability | Medium | Critical | Professional audit (MS1), bug bounty, 81-file test suite, circuit breakers |
| Oracle manipulation | Low | High | Pyth confidence checks, TWAP validation, flash loan detection (30-block interval) |
| Low initial liquidity | Medium | Medium | LP incentive program, initial vault seeding from grant funds, trading competitions |
| Regulatory uncertainty for RWA | Medium | Medium | Synthetic contracts only (no custody), ComplianceManager for geo-restrictions, legal counsel |
| Solo developer risk | Medium | Medium | Modular architecture enables parallel contributions, planned DAO contributor program, comprehensive documentation |
Team
Amir M.P. — Founder, Lead Full-Stack Developer & Architect
- Role: Lead Full-Stack Developer & Protocol Architect
-
Experience: Solidity developer with deep experience in DeFi protocol design, high-performance indexing systems, and full-stack web3 development. Proven track record on Conflux:
-
Global Hackfest 2026 Winner (Realyx) -
2x Conflux Bounty Winner
-
- Technical Scope: Designed and implemented the entire Realyx stack — 40+ Solidity contracts, 24 libraries, React frontend, Express backend, PostgreSQL indexer, and automated keeper bot
- GitHub: https://github.com/AmirMP12
- Twitter/X: @AmirMP99
Global Hackfest 2026 Winner (Realyx)Planned Team Expansion
- MS1: Onboard one UI/UX contributor for the v2.0 redesign
- MS2: Onboard Marketing and Business development manager to support growth and partnerships
- MS3: Open DAO contributor roles for frontend and SDK development
Terms of Use
I agree to all of the following terms of use in applying to a Conflux Ecosystem Grant:
- I have read and understood the Conflux Grants Ecosystem Overview.
- I have read about and understood that the Conflux Technical Grants are subject to a No-Sale rule.
- I agree to provide KYC information to the Conflux Foundation for the sake of overall ecosystem security.
- I understand that I will be required to follow public grant reporting requirements.