What is RabbitX?
RabbitX (formerly known as RabbitHole) is a decentralized perpetuals and derivatives trading platform built on Starknet, a Layer-2 scaling solution for Ethereum. It combines the speed of centralized exchanges (CEXs) with the trust and transparency of DeFi.
(Official Website)
RabbitX’s mission is to redefine decentralized trading by offering an advanced trading experience—featuring deep liquidity, minimal fees, and non-custodial security. Traders can open perpetual futures with leverage while maintaining on-chain transparency and self-custody of funds.
Powered by Starknet’s zero-knowledge (ZK) technology, RabbitX offers instant transaction finality, high throughput, and robust scalability, setting a new benchmark for DeFi performance.
(Official Documentation)
Key Features of RabbitX
- Decentralized Perpetuals: Trade BTC, ETH, and other major assets with leverage, without giving up custody.
- Zero Gas Fees for Trading: Thanks to Starknet, transactions are aggregated and settled efficiently with low or zero gas costs.
- Institutional-Grade Liquidity: RabbitX partners with top market makers to provide deep liquidity for all supported pairs.
- Non-Custodial Design: Traders retain full control of their assets—funds are stored in smart contracts, not centralized servers.
- Cross-Margin Trading: Manage multiple positions under one margin account for efficient capital usage.
- Open Access API: Developers and institutions can integrate RabbitX markets through robust APIs and SDKs.
How RabbitX Works
RabbitX operates through a high-performance hybrid model: trade orders are matched off-chain by RabbitX’s engine and then settled on-chain via Starknet’s ZK-rollup technology. This design enables the platform to achieve the speed of CEXs while maintaining the security of Ethereum.
The RabbitX system uses a dynamic funding rate mechanism to balance long and short positions, ensuring market stability. Every transaction and funding event is verifiable on-chain, ensuring transparency and accountability for all users.
By leveraging Starknet’s scalability, RabbitX achieves thousands of transactions per second with near-zero latency, allowing traders to open and close positions almost instantly.
RabbitX also integrates with the Pyth Network for real-time, institutional-grade price feeds—ensuring fair market execution across all assets.
(Pyth Network)
Getting Started with RabbitX
Here’s how you can start trading on RabbitX:
- 1. Visit the Platform: Go to app.rabbitx.io and connect your wallet (MetaMask, ArgentX, or Braavos).
- 2. Bridge Assets: Use the official Starknet bridge to transfer ETH or USDC from Ethereum mainnet to your Starknet wallet.
- 3. Deposit Collateral: Fund your trading account with ETH or USDC as collateral for leveraged positions.
- 4. Choose a Market: Select a perpetual trading pair such as BTC/USD or ETH/USD.
- 5. Open a Position: Set your leverage and direction (long or short) and execute your trade instantly.
With an intuitive user interface and Starknet-powered scalability, RabbitX ensures a seamless and efficient trading experience for all users.
Additional Features
- Governance Token (RBX): RabbitX’s native token allows users to participate in protocol governance and future incentives.
- Insurance Fund: Protects traders from potential liquidation losses during extreme market volatility.
- Analytics Dashboard: Access real-time data on funding rates, open interest, and volume trends.
- Testnet Access: New users can practice trading in a simulated environment before going live.
- Community Growth: Join RabbitX’s global trader community on Discord or Twitter for updates and rewards.
Troubleshooting RabbitX
- Wallet Not Connecting: Ensure your Starknet wallet is up to date and connected to the correct network.
- Bridge Errors: Double-check gas availability on Ethereum mainnet when bridging funds.
- Trade Fails: Verify sufficient collateral and ensure markets are open for your selected pair.
- Display Lag: Refresh the app or clear your browser cache if performance issues occur.
Conclusion
RabbitX represents the next evolution in decentralized derivatives trading—combining institutional-grade liquidity, fast execution, and full on-chain security. Built on Starknet, RabbitX bridges the gap between centralized and decentralized exchanges, offering a powerful and transparent trading environment. Whether you’re a professional trader or DeFi enthusiast, RabbitX provides the tools, speed, and security to trade confidently in the decentralized era.
Frequently Asked Questions (FAQs)
1. What is RabbitX?
RabbitX is a decentralized perpetuals and derivatives exchange built on Starknet, offering leveraged trading with on-chain transparency and security.
2. Is RabbitX non-custodial?
Yes. Users maintain full control over their assets through smart contracts—RabbitX never holds user funds.
3. Which blockchain does RabbitX use?
RabbitX operates on Starknet, a Layer-2 network built on Ethereum, providing scalability and low-cost transactions.
4. What tokens can I trade on RabbitX?
RabbitX supports perpetual contracts for major assets like BTC, ETH, and other top crypto markets, with more pairs added regularly.
5. What is the RBX token used for?
The RBX token powers governance, staking, and future incentive programs on RabbitX.
6. How can I contact RabbitX support?
Join the official RabbitX Discord or follow @rabbitx_io on Twitter for help and announcements.