Injective | Documentation
InjectiveGithub
Injective | Documentation
Injective | Documentation
  • About Injective
  • Getting Started
    • Wallet
      • Create a wallet
      • Accounts
      • Staking
      • Governance
      • Auction
    • Token Standards
      • INJ coin
      • Token Factory
      • CW20 Standard
    • Transactions
      • Gas and Fees
  • Guides
    • Create a Wallet
    • Bridge
      • From Ethereum
      • Using Wormhole
      • Using IBC
      • From Solana
    • Launch a Token
    • Launch a Market
    • Denom Metadata
    • Get INJ
  • Toolkits
    • injectived
      • Install injectived
      • Using injectived
      • Commands
    • Injective TS SDK
    • Injective Go SDK
    • Injective Python SDK
    • Injective CW SDK
    • Injective Rust
    • The Graph
  • References
  • Glossary
  • Developers
    • Getting Started
      • Guides
        • Testnet Proposals
        • Convert addresses
        • Calculations
          • Min Price Tick Size
          • Min Quantity Tick Size
        • Testnet Faucet Integration
    • Exchange Developers
      • Build a DEX
      • Provider Oracle
    • Cosmwasm Developers
      • Your First Smart Contract
      • Guides
        • Local Development
        • Mainnet Deployment
        • Whitelisting deployment address
        • Create your Swap Contract
        • Creating UIs
      • Using Injective Queries and Messages
      • CW20 Adapter
      • Injective Test Tube
    • Modules
      • Injective
        • Auction
          • State
          • Messages
          • EndBlock
          • Events
          • Params
          • Errors
        • Exchange
          • Derivative Markets Concepts
          • Spot Markets Concepts
          • Binary Option Markets Concepts
          • Other Concepts
          • State
          • State Transitions
          • Messages
          • Proposals
          • BeginBlock
          • EndBlock
          • Events
          • Params
          • MsgPrivilegedExecuteContract
          • Errors
        • Insurance
          • State
          • State Transitions
          • Messages
          • EndBlock
          • Events
          • Params
          • Improvements
          • Errors
        • OCR
          • Concepts
          • State
          • Messages
          • Proposals
          • BeginBlock
          • Hooks
          • Events
          • Params
          • Errors
        • Oracle
          • State
          • Keeper
          • Messages
          • Proposals
          • Events
          • Improvements
          • Errors
        • Peggy
          • Definitions
          • Workflow
          • State
          • Messages
          • Slashing
          • EndBlock
          • Events
          • Params
          • Relay Semantics
          • Improvements
          • Errors
        • Permissions
          • Concepts
          • State
          • State Transition
          • Errors
        • TokenFactory
          • Concepts
          • State
          • Messages
          • Events
          • Params
          • Errors
        • WasmX
          • Concepts
          • Data
          • Proposals
          • Messages
          • Params
          • Errors
        • Lanes
        • TxFees
      • Core
        • Auth
        • AuthZ
        • Bank
        • Consensus
        • Crisis
        • Distribution
        • Evidence
        • Feegrant
        • Gov
        • Group
        • Mint
        • NFT
        • Params
        • Slashing
        • Staking
        • Upgrade
        • Circuit
        • Genutils
    • dApps Documentation
  • Nodes
    • Getting Started
      • Interact with a node
      • Running a node
        • Setting up the keyring
        • Join a network
        • Cosmovisor
        • Upgrade your node
    • Validators
      • Mainnet
        • Peggo
        • Canonical Chain Upgrades
          • Upgrade to 10002-rc1
          • Upgrade to 10002-rc2
          • Upgrade to 10003-rc1
          • Upgrade to 10004-rc1
          • Upgrade to 10004-rc1-patch
          • Upgrade to 10005-rc1
          • Upgrade to 10006-rc1
          • Upgrade to 10007-rc1
          • Upgrade to 10008 - Camelot
          • Upgrade to 10009
          • Upgrade to v1.10
          • Upgrade to v1.11
          • Upgrade to v1.12.0 - Volan
          • Upgrade to v1.12.1
          • Upgrade to v1.13.0 - Altaris
          • Upgrade to v1.13.2
          • Upgrade to v1.13.3
          • Upgrade to v1.14.0
          • Upgrade to v1.14.1
          • Upgrade to v1.15.0
      • Testnet
        • Testnet Peggo
    • Public Endpoints
    • Premium Endpoints
    • Injective Indexer Setup
  • Traders
    • Getting Started
    • Documentation
    • API Reference
  • Useful Links
    • Injective 101
    • Injective Hub
    • Injective Explorer
    • Chain API Reference
    • Indexer API Reference
    • Testnet Faucet
Powered by GitBook
On this page
  • Abstract
  • Contents
Edit on GitHub
Export as PDF
  1. Developers
  2. Modules
  3. Injective

Exchange

PreviousErrorsNextDerivative Markets Concepts

Last updated 2 months ago

Abstract

The exchange module is the heart of the Injective Chain which enables fully decentralized spot and derivative exchange. It is the sine qua non module of the chain and integrates tightly with the auction, insurance, oracle, and peggy modules.

The exchange protocol enables traders to create and trade on arbitrary spot and derivative markets. The entire process of orderbook management, trade execution, order matching and settlement occurs on chain through the logic codified by the exchange module.

The exchange module enables the exchange of tokens on two types of markets:

  1. Derivative Market: Either a Perpetual Swap Market or a Futures Market.

  2. Spot Market

Contents

Derivative Market Concepts
Spot Market Concepts
Other Concepts
State
State Transitions
Messages
Proposals
Begin Block
End Block
Events
Params
MsgPrivilegedExecuteContract