Katana, incubated by Polygon, acquires IDEX and launches new Perps products

According to Theblock, Katana, a public chain designed for DeFi incubated by Polygon Labs and GSR, has acquired the decentralized exchange IDEX to support its new Katana Perps product, and has received support from market makers GSR, Selini Capital, and Auros.

It is reported that IDEX was initially built on Ethereum and later expanded to Polygon, becoming one of the first decentralized exchanges to combine a high-performance matching engine with on-chain settlement. IDEX combines a traditional centralized order book with an automated market maker (AMM) to provide continuous liquidity and faster execution speeds.