The Xena decentralized perpetual exchange offers state-of-the-art liquidity and risk management tools. Xena operates entirely permissionlessly, allowing for self-custody without the need to register an account. The platform features fully transparent open-source smart contracts built on the BASE chain, making them available for audit.
The XEN token, serving as the utility token for Xena, plays a crucial role in the incentivization structure of the Xena platform.