AZEx Protocol

AZEx protocol overview

AZEx is a permissionless perpetual contract protocol built on Uniswap v4. It allows anyone to list any token and trade perpetual contracts against it. Like Uniswap, AZEx is non-custodial, non-upgradable, and permissionless — ensuring that no central party can seize user funds, alter the core logic, or restrict access.

Our Mission

AZEx delivers a fully decentralized perpetual contract protocol, overcoming three long-standing challenges faced by on-chain Peer-to-Pool systems:

• Permission Constraints Existing protocols rely on centralized access control, falling short of true decentralization. AZEx enables anyone to list and trade any token without approval.

• Oracle Fragility Current designs depend on CEX index-price oracles, creating a disconnect between on-chain trading volume and protocol liquidity depth, and leaving the system vulnerable to price manipulation attacks. AZEx integrates on-chain price signals into a closed-loop mechanism to strengthen oracle robustness.

• Liquidity Inefficiency Traditional protocols require LPs to fully collateralize positions, resulting in low capital utilization and making it difficult to compete with CEX derivatives markets. AZEx introduces a more efficient liquidity architecture that decouples Open Interest from TVL.

Our mission is to combine the best of decentralized transparency with high-performance trading mechanics, bridging the gap between the Orderbook and Peer-to-Pool models.