![Crypto Terms Glossary: What is AlphaX (Alpha Finance)? Crypto Terms Glossary: What is AlphaX (Alpha Finance)?](/img/71/33/what-is-alphax-alpha-finance-sm.webp)
AlphaX is a decentralized, non-orderbook perpetual swap trading marketplace that brings to decentralized finance (DeFi), a new trading product that was previously unavailable on-chain. AlphaX will also allow Alpha Homora users to hedge leveraged yield farming/liquidity providing positions and make use of a market-neutral leveraged position. AlphaX is specifically designed to minimize downside risk and makes use of three unique features that help set it apart from competitors, including: a funding rate that is baked into the price, the use of tokenized leveraged long and short positions, and minimized slippage through the dynamic k algorithmic model.