Overview
Reddex is a decentralized exchange (DEX) built on the Redbelly Network, leveraging a Uniswap v2-style constant product AMM (Automated Market Maker). It enables trustless token swaps, permissionless liquidity provision, and decentralized price discovery for the Redbelly ecosystem.
Key Features
- Trustless token swaps
- Permissionless liquidity pools
- Fee-sharing with LPs
- Support for custom token pairs
- No order book or centralized custody
- Incentivized staking programs
1. How It Works
Reddex uses a constant product formula (x * y = k) to determine prices and execute swaps. Liquidity providers deposit equal value of two tokens into a pool and receive LP tokens that represent their share.
2. Swapping
Users can swap between any supported token pairs directly on the Reddex interface or via smart contract interaction.
- Swaps are subject to a fixed fee (0.3%)
- A portion of the fee is distributed to LPs (0.20%)
- A portion of the fee is distributed to the protocol (0.10%)
- Slippage depends on trade size and pool depth
3. Providing Liquidity
Users can become LPs by depositing equal value of two tokens into a pool. LPs receive ERC-20 compliant LP tokens that represent their ownership share in the pool and accrue swap fees.
4. Fees and Revenue
Each swap incurs a small fee (0.3%). These fees are accumulated in the pool and claimed proportionally by LPs when withdrawing liquidity.
- A portion of the fee is distributed to LPs (0.20%)
- A portion of the fee is distributed to the protocol (0.10%)
5. Staking & Incentives
Reddex offer additional incentives via:
- Farming rewards
- Native token emissions
- Boosted yield on select pools
6. Supported Networks & Tokens
Reddex is live on the Redbelly Network and supports tokens adhering to Redbelly’s token standard.
7. Redbelly Network Overview
Reddex operates on the Redbelly Network, a high-performance blockchain platform. To transact on Redbelly, users must first complete a KYC process at: https://access.redbelly.network/
Once verified, users can interact with Reddex smart contracts, provide liquidity, and swap tokens.
8. Bridging Assets to Redbelly
To use Reddex, users may need to bridge assets from other blockchains into the Redbelly Network. Currently, the following bridge options are available:
- Lucid Labs Bridge: https://app.lucidlabs.fi/bridge
- Celer cBridge: https://cbridge.celer.network/1/151/USDC
9. Governance
Reddex may introduce decentralized governance through the existing LQDX token [or a newly issued token], allowing token holders to vote on protocol upgrades, propose new pools or incentive programs, and manage treasury or fee parameters.
10. Security & Audits
Security is a top priority.
- Smart contracts forked from audited Uniswap v2 codebase
- Additional third-party audits completed by Beosin
11. Developers
Reddex smart contracts are open-source:
- Factory Contract: 0x262E06314Af8f4EEd70dbd8C7EFe2a5De686C142
- Router Contract: 0x8bf0167911b1e81d8D69B9c91c20ff854B019c85
12. Token Directory
| Token Symbol | Token Name | Contract Address | Decimals |
|---|---|---|---|
| WRBNT | Wrapped RBNT | 0x6ed1f491e2d31536d6561f6bdb2adc8f092a6076 | 18 |
| USDT | Tether USD | 0x8c4acd74ff4385f3b7911432fa6787aa14406f8b | 6 |
| LQDX | Liquid Crypto | 0x8c4acd74ff4385f3b7911432fa6787aa14406f8b | 18 |
| USDC | USD Coin | 0x8201c02d4ab2214471e8c3ad6475c8b0cd9f2d06 | 6 |
14. Community & Support
Connect with us:
15. FAQ
Can I create my own token pair?
Yes — Reddex supports permissionless pool creation. To create a new pair:
- Go to the “Add Liquidity” page.
- Enter the contract addresses for Token A and Token B.
- Deposit equal value of both tokens to initialize the pool.
⚠ Note: Anyone can create a pair, so be careful when interacting with new pools — verify the token contract addresses to avoid scams or counterfeit tokens.
Why do I need to approve tokens?
Token approvals are a standard ERC-20 security feature. Before Reddex (or any DEX) can spend your tokens on your behalf in a swap or liquidity provision, you must grant permission by sending an “approve” transaction. This:
- Ensures only the approved smart contract can move your tokens.
- Prevents unauthorized transfers from your wallet.
Approvals are a one-time action per token unless you revoke them or use a limited approval amount.
Why is the output less than expected?
There are three main reasons why your swap output might be lower than the number shown in your initial estimate:
- Slippage - Price changes during the transaction because other trades happen before yours is confirmed.
- Liquidity depth - Larger trades cause more price impact in smaller pools.
- Transaction fees - Each swap includes a fixed fee (e.g., 0.3%) that is distributed to liquidity providers.
You can adjust your slippage tolerance in the swap settings to control how much price movement you are willing to accept before the transaction reverts.
What is impermanent loss?
Impermanent loss occurs when the value of the tokens you’ve deposited into a liquidity pool changes compared to when you deposited them. This change in price can result in your total withdrawal value (tokens + fees) being less than if you had simply held the tokens outside the pool. It’s called “impermanent” because if prices return to their original levels, the loss disappears. However, if you withdraw while the price difference persists, the loss becomes permanent. Trading fees and incentives can offset or exceed impermanent loss in some cases.
17. Risk Disclosure
Users should be aware of:
- Smart contract vulnerabilities
- Token volatility
- Impermanent loss
- Potential malicious tokens in permissionless pools