Crypto: StandX launches a DEX that could redefine the standards of perpetual trading

In a DeFi market looking for stability, the launch of StandX on November 24, 2025 does not go unnoticed. This new DEX, dedicated to perpetual contracts, introduces an automatic yield stablecoin, without staking action. Led by a team from Binance Futures and Goldman Sachs, the project boasts a community-based and self-funded approach. Unlike traditional models, StandX intends to establish itself in a sector still largely dominated by centralized platforms.

A stablecoin with integrated yield at the heart of a new generation DEX

On November 24, StandX opened its mainnet to all users, marking the end of its Alpha phase restricted to invited testers since October, while stablecoins could lead the Fed to modify its monetary strategy.

This major development comes with a promise: allowing traders to benefit from a passive return while using their trading margins. “This auto yield and chill approach eliminates the need to stake assets to generate income”, noted the official StandX documentation.

In this model, we find DUSD, a stablecoin backed by the dollar and designed to automatically generate yield. Users can create it from USDT or USDC on the official website of the platform.

This yield comes from two main sources: internal protocol staking rewards and funding fees taken from perpetual contracts.

The allocation of interest is done on a weekly cycle, with “snapshots” of balances to guarantee fair distribution.

The day after the launch, the TVL (Total Value Locked) of DUSD already exceeded $176 million. It is worth noting that the USDT/DUSD pool on PancakeSwap was among the largest on BNB Chain on that date.

A team from Binance Futures and a model without external investors

Behind StandX is a team with strong institutional value. The project was co-founded by Aaron Gong (AG), former VP/Director of Binance Futures, who also helped launch Bitcoin futures at CME Group.

He is surrounded by several former members of the Binance Futures founding team as well as professionals from Goldman Sachs. Their declared ambition is to “providing institutional-grade infrastructure to the DeFi universe”.

Even more surprising in a context where venture capital financing is omnipresent, StandX claims to be entirely self-funded, without the participation of private investors or VC funds.

This approach “community first» allows us to avoid any external pressure and favor long-term development. In addition, the Solana Foundation provided non-dilutive support to the project, which demonstrates technical validation by a major player in the blockchain ecosystem.

With a view to organic growth, StandX launched a points campaign on December 10 intended to reward its first users. Several actions allow you to accumulate these points:

• Use a Binance wallet, which entitles you to a 10% bonus;
• Participate in the Alpha phase, with retroactive allocation of points;
• Providing liquidity on PancakeSwap (BNB Chain) or Raydium (Solana);
• Carry out swaps, entitling you to a 5% bonus;
• Refer new users, also rewarded at 5%.

Points are awarded for both active trading, holding DUSD in Perps wallets or Vaults, and are updated hourly, allowing for transparent, real-time tracking.

As the perpetual DEX market experiences rapid growth in the face of the limitations of centralized platforms, the coming months will be decisive for StandX. Its ability to deliver a real return, based on tangible economic activity, without resorting to inflationary emissions, could make it a benchmark player.