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Idex bills itself as the first hybrid liquidity DEX, combining an order book with an automated market maker. It combines the security and liquidity of an AMM with the performance and functionality of a standard order book architecture. By integrating an off-chain trading engine with on-chain trade settlement, Idex offers a unique approach to decentralized exchanges. This benefits users in a variety of ways.When it comes to merging an order book model with an automated market maker, Idex takes a unique approach. Idex employs an off-chain trading engine to conduct deals that matches the performance of centralized exchanges and ensures trade sequencing. An off-chain order book is used to handle trades. The transaction is only finalized on-chain once a trade has been matched and performed.Users save money by not having to pay extra network charges for making and canceling orders. Furthermore, because placements are executed in real time, complex trading and market-making methods such as stop-loss, post-only, and fill-or-kill are possible.