Dogex: Simplified Decentralized Perpetuals DEX on Hyperion

Hyperion HyperHack Ideathon
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Project Name

Dogex: Simplified Decentralized Perpetuals DEX on Hyperion

Problem Statement

Most decentralized perpetual exchanges are complicated and overwhelming, with dense interfaces and confusing features that deter new and retail traders. This complexity blocks broader adoption of perpetual trading in DeFi.

Solution Overview

Dogex is a minimalist, easy-to-use perpetual DEX built on Hyperion’s cutting-edge blockchain platform. Leveraging Hyperion’s parallel transaction execution and onchain AI capabilities, Dogex offers ultra-fast, reliable trade processing and intelligent risk management. The platform’s simple UI and AI-driven alerts make perpetual trading accessible and straightforward for everyone.

Project Description

Dogex delivers a decentralized perpetual futures exchange optimized for simplicity, speed, and scalability by building on Hyperion’s next-gen infrastructure. Hyperion’s parallelized transactions enable ultra-low latency order execution and state synchronization 10x faster than traditional chains. Integrated onchain AI powers real-time risk assessment and liquidation alerts, helping users manage positions confidently without complexity. Dogex’s clean, intuitive interface focuses on essential features like one-click position entry/exit, clear margin info, and fast updates. Mobile-friendly and designed for all user levels, Dogex breaks down barriers to perpetual trading by combining powerful Hyperion tech with a smooth, easy experience.

Community Engagement Features

Fair Launch Token Model:

  • Users can buy Dogex tokens only by spending fees accrued on the platform
  • Token issuance follows an infinite curve model similar to GMX and Solana projects, ensuring fair and gradual distribution
  • This model aligns incentives and rewards active traders who contribute to platform liquidity and usage

Testable Features:

  • Opening and closing positions
  • Margin adjustments
  • AI-powered risk alerts
  • Reward claiming

Points System:

  • Trades: 10 points
  • AI alert interaction: 5 points
  • Margin changes: 7 points
  • Referrals: 15 points

Gamification:

  • Points unlock badges, leaderboard rankings, and token rewards
  • Encourages active use and onboarding

User Onboarding:

  • Stepwise tutorials and gradual feature unlocking
  • Helps new traders quickly gain confidence
34 Likes
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This is a very exciting initiative and looks incredibly user-friendly!

As a potential user, my question is:
Dogex’s simplicity is a huge plus, especially for newcomers. But with perpetuals, managing risk is key. How does the AI-powered alert system work in real-time during volatile market conditions?
Can users customize these alerts based on their risk appetite (e.g., liquidation thresholds or price movements), and are there safeguards in place to avoid spammy or overly sensitive notifications?

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hello @mrwagmicto , What specific UI/UX decisions did you take to make Dogex more beginner-friendly compared to existing perpetual DEXs?

  1. How does Dogex handle liquidation risk in volatile market conditions—especially during sharp spikes or network congestion?
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  • Real-Time AI Alerts: Dogex monitors market volatility and your positions 24/7, sending smart alerts for risks like liquidation, big price swings, or funding changes. Like monitor it once per second or smth, I tihnk it couldn’t be super real time
  • Fully Customizable & Spam-Free: Users set their own alert rules (e.g. price % moves, margin levels), with built-in safeguards to avoid spammy or repetitive notifications.
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Sounds useful if tuned well real-time is ambitious, but even near real-time with smart filters could make a big difference. Curious to see how accurate and non-spammy it stays in practice.

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1. Beginner-Friendly UI/UX Decisions:

  • 1-click Trading Mode: Simplified interface with no clutter — just set size and direction.
  • Visual Risk Meter: Real-time margin health bar with color-coded alerts makes liquidation risk easy to understand.

2. Liquidation Risk Management During Volatility:

  • AI-Powered Risk Alerts: Real-time monitoring of price + position risk, with early warnings before liquidation zones.
  • Auto-Deleveraging Logic: If network congestion hits, Dogex can auto-partially close risky positions to protect users.
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Yeah, in theory it all sounds great, but we need some real, practical results to see how it actually works with live positions

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Exactly, theory’s solid, but live stress tests will show if it holds up. Let’s see how it performs under real market pressure.

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Appreciate the detailed breakdown! The 1-click trading and visual risk meter definitely feel like a huge win for onboarding.

Keen to try it out in a live market soon!

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update: we create a prototype with components structure. Now it’s a base point of our project:

woring on details rn

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updated wireframe with details, it’s time to start a vibe codding!

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Cool idea, and a DEX that uses the speed of Hyperion to build something better is obviously a great move. Why should trading be complicated when tech like AI and Hyperion can make it smooth, right???

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yeah it can be much easier then we used to see

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Today I dove into the perpetual DEX market.

It’s my first time building a perp DEX — but with 10 years in dev, I was able to make a few important decisions.

The foundation of my project will be based on GMX, a battle-tested perp protocol with open-source MIT-licensed contracts.

Why?

:white_check_mark: Reliable

:white_check_mark: Open

:white_check_mark: Proven

:white_check_mark: Flexible

I’m not affiliated with GMX. I’m simply leveraging their codebase as a solid technical base — and improving it with a much better interface + product vision.

This is the power of open source.

I also sketched the first simple mockup of the UI — just a few blocks for now. The MVP will be laser-focused on clarity and simplicity.

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Will wait for the first look for UI of DEX :slight_smile:

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Today, I focused on the technical side of the project. I think over the next few days (or even weeks), I’ll mostly be coding — and also trying to learn how to clearly communicate what I’ve been working on.

I launched the frontend of GMX and played with it, sketched out its future architecture, explored what I’ll need to implement it, and created an implementation plan.

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Today I focused on technical research:

  • Revisited GMX contracts

  • Studied the basics of perpetual futures trading to better understand the market side

  • Experimented with opening positions

I also launched the first mini-marketing effort to start building the initial community:

Created a Twitter for Dogex, and started looking for marketers to help grow the first community.

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project’s twitter: https://x.com/DogexPerps
ceo: https://x.com/mr_wagmi_cto

feel free to subsribe and mention that you’re from Hyperion some way I wanna subscribe all projects and ceos

3 Likes
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Today I’m diving deep into GMX v1 vs v2 to decide what’s better for my MVP.

My key criteria (in order of priority):

Reliability

Ease of dev & fast iteration

Flexibility for custom logic

Full understanding of the codebase

This first version must be simple, fast & clear. Let’s go

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:rocket: Crypto Startup MVP in 30 Days – 1st WEEK

1st week down. Here’s everything I did in 7 days building from scratch:

:thread::backhand_index_pointing_down:

1. Shifted my mindset

From “quick cash grab” → to building a startup that creates long-term sustainable value & income.

2. Launched my Twitter + started building in public

Showed up every day. Shared progress.

This is my first step into real startup marketing.

3. Explored tons of ideas → picked one that clicks

The one that excites me. The one I want to wake up for.

4. Designed first UI mockups

Got the visual side of the product moving. First screen = first step to real product.

5. Understood the tech architecture

How everything connects: smart contracts, data flows, frontend logic.

6. Learned by walking in the user’s shoes

I tried trading perps.

I tried providing liquidity.

Now I feel what my user needs. That’s gold.

7. Made big tech decisions

After deep research, I chose GMX V1 as the base. It’s stable, simple, well-documented. Perfect for MVP.

8. Realized the scale of the journey

It’s long.

It’s exciting.

And I’m all in.

What went well:

:white_check_mark: I made decisions with clarity

:white_check_mark: I worked on my mindset

:white_check_mark: I found a vision that gives me fire in the eyes

Mistakes I made:

:cross_mark: Dived too deep into tech too early

Should’ve explored UX flows & user journey before obsessing over smart contracts.

Plan for next week (week 2):

:wrench: Focus hard on the technical build:

– Build a simple frontend to open positions

– Dive deep into smart contract structure

– Connect frontend + contracts on Arbitrum testnet

Ideal outcome = MVP skeleton working.

Thanks to everyone who’s followed this journey so far.

Now it’s time to breathe, reset, and get ready for WEEK 2.

Let’s keep building :laptop::rocket:

2 Likes