AlphaX is a decentralized, non-order book perpetual swap trading marketplace that introduces a new trading product to decentralized finance (DeFi) that was previously unavailable on-chain. AlphaX users will also be able to hedge leveraged yield farming/liquidity providing positions and use a market-neutral leveraged position with Alpha Homora. AlphaX is specifically designed to minimize downside risk and employs three distinct features that set it apart from competitors: a funding rate baked into the price, the use of tokenized leveraged long and short positions and minimized slippage via the dynamic K algorithmic model.