ICPEx SNS Launching Soon: AI-Driven Decentralized Liquidity Network

Governance SNS Project Governance
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Hello ICP fans

We are thrilled to announce that ICPEx is going to launch SNS DAO, which is AI-Driven decentralized liquidity network.

What is ICPEx?

ICPEx is a PMM-based Fully On-Chain AI-driven DEX on Internet Computer (IC), aiming to become the decentralized financial hub of Web3. With the support of AI agent technology, ICPEx seeks to provide users with a more intelligent and efficient DeFi trading experience. Both the frontend and backend of ICPEx are deployed on IC, offering high-efficiency On-Chain liquidity for Web3 asset transactions, enabling every Web3 user to easily issue and trade assets.

ICPEx is building an AI-driven decentralized liquidity network focused on enhancing liquidity and efficiency in the Web3 market, with the goal of becoming a liquidity hub that connects different blockchains.

Core Features of ICPEx

ICPEx is a fully on-chain decentralized exchange built on the IC that offers secure and efficient trading. Key features include:

  • Fully On-Chain Solution: All trades and management modules operate on ICP smart contracts (canisters), reducing centralized risks.

  • PMM Algorithm: Enhances price discovery and liquidity management, improving capital efficiency compared to AMM models.

  • User-Controlled Liquidity: Liquidity pools are controlled by users, ensuring greater security and transparency.

  • Smart Exchange Router: Optimizes trade execution by selecting the best trading ratio across multiple pools.

  • Multi-Type Liquidity Pools: Supports various pool types, including standard, single-asset, private, and pegged pools for different market needs.

  • One-Click Token Creation: Allows easy token issuance with ICRC-2 and DIP20 compatibility, customizable deflationary mechanisms, and low costs.

  • AI Agent (Under Development): Will provide smart trading strategies, automated arbitrage, and intelligent asset management using the Anda framework.

Overall, ICPEx aims to offer a highly efficient, decentralized, and AI-powered trading experience with enhanced liquidity management and security.

ICPEx Current Achievements

As an important financial infrastructure within the IC ecosystem, ICPEx has achieved the following:

  • Received ICP Grant.
  • TVL exceeding $250K, with continuous growth.
  • Supports over 800 tokens, providing a wide range of trading options.
  • Served over 3,000 users, with Twitter followers exceeding 10K, establishing a strong community consensus.
  • Ongoing user experience optimization, including one-click token issuance, a complete TVL dashboard, and more.

ICPEx Technical Architecture

Technical Architecture
Technical Architecture2313×1683 140 KB

Tokenomics

Token Utility

ICPEx, as a decentralized liquidity network, will focus its tokenomics on three main areas: transaction fee distribution, liquidity incentives, and community governance to ensure the long-term value and sustainable growth of the $ICX token.

Liquidity Incentives

  • LP Rewards
  • Smart Market Making Returns
  • Ecosystem Contribution Rewards

Token Governance

  • Decentralized Governance
  • Community Decision-Making
  • Governance Rewards

Token Value

Transaction Fee Value Distribution

  • A portion of transaction fees is burned, reducing the circulating supply and increasing token scarcity.
  • A portion of fees is used for token repurchase, supporting price stability and long-term growth.
  • Dynamic fee adjustment mechanism based on market conditions to ensure an optimal trading experience and sustainable ecosystem development.

As a decentralized exchange (DEX) on IC, ICPEx utilizes SNS governance for community-driven decentralized decision-making.

Decentralization SNS Sale

SNS Sale
SNS Sale1834×964 60.2 KB

Initial SNS Configuration

SNS Configuration
SNS Configuration2036×1674 219 KB

Roadmap

March - May 2025

  • Reduce trade latency
  • Optimize order management
  • Adjust AMM model

June - August 2025

  • Smart Transaction Routing
  • LP Funding Optimization

September - December 2025

  • AI Intelligent Trading
  • AI Arbitrage
  • Cross-chain transactions

2026

  • Liquidity Pool Optimization
  • AI trade optimization
  • AI Asset Management

Important links

Socials

ICPEx will continue to optimize its product and expand its features, leveraging long-tail market effects to drive the growth of the IC DeFi ecosystem.

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Hi, ICPex,
Congratulations on your big milestone! BTW, what do you plan to leverage AI or AI agents on your platform? Thank you!

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Thank you for your interest in the ICPEX AI Agent. We’re excited to share our progress with you. Currently, our work includes:

  1. We’re working closely with the Anda framework to ensure data privacy protection while enabling full deployment of AI on the IC network.
  2. We have assembled a team of three AI experts who bring extensive experience in blockchain and AI technologies.
  3. Soon, you’ll be able to explore parts of our product and see firsthand the progress and expertise we’ve developed in the field of AI technology.
  4. We’ve already developed a comprehensive plan for the AI Agent, and you can refer to the detailed documentation we’ve provided for further insights :arrow_down:
    AI Trading System Architecture
    AI Trading System Architecture1920×8237 700 KB
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Anda framework is promising on the ICP, looking forward to more about your cooperation news!

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Thank you for your attention, we will update the progress in time!

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Doesn’t this distribution of VP at genesis mean that the dev team will be able to push any proposal they want through? The neurons fund neurons are not active governance participants (as far as I understand). Doesn’t this therefore mean that the dev team will have 59% of the effective (or active) VP, meaning they can push anything through by ‘standard majority decision’…

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Yes, Neuron’s Fund participants are active governance participants. It’s the only thing they can control about the neurons they receive. They cannot dissolve, increase dissolve delay, spawn maturity, stake maturity, etc, but they can configure Followees, configure hotkeys, and they can vote.

I know from experience. I acquired too many Neuron’s Fund neurons before I realized this lack of control is likely going to be permanent.

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Thanks Wenzel, I’ve never used an NF neuron, and I had the impression based on documentation (which I must have misunderstood) that the controller relationship prevented (or impeded) the ability to vote with them. Thanks for clarifying, I’ll cross out my comment above to avoid giving the wrong impression to any readers

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I quickly compared the dappCanisters payload in your proposal with the canister IDs listed in your repo and noticed that a few are not present within the proposal.

So, I was wondereing, are these just leftovers, inactive canisters or tests, or are they part of the production setup? If they are in production, could you mention why they wouldn’t be included?

PS: Apologies in advance for my question if this is already explained somewhere!

Proposal: NNS Dapp

Backend repo: icpex_backend/canister_ids.json at main · ICPExLabs/icpex_backend · GitHub

Frontend repo: icpex-frontend/canister_ids.json at main · ICPExLabs/icpex-frontend · GitHub

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Thank you for your question and for taking the time to review our proposal.

We have transferred all frontend and backend canisters related to the project:

  • 24gqi-uyaaa-aaaam-ab5gq-cai
  • 2vf3u-cqaaa-aaaam-ab5ha-cai
  • 2ackz-dyaaa-aaaam-ab5eq-cai
  • 2jbbf-vqaaa-aaaam-ab5fa-cai
  • gdz52-oaaaa-aaaam-ab7ea-cai

:one: Regarding the Backend Repo (icpex_backend/canister_ids.json):
The canisters icpl:2oahr-yiaaa-aaaam-ab5fq-cai and faucet:23uka-raaaa-aaaam-adijq-cai were set up specifically for our testing environment to provide test data. Since they are not part of the production setup, there was no need to include them in the transfer.

:two: Regarding the Frontend Repo (icpex-frontend/canister_ids.json):
The canister gdz52-oaaaa-aaaam-ab7ea-cai is our frontend canister and has already been transferred. The other canisters listed are either related to token standard integration or were used for development and debugging purposes.

Hope this clarifies things, and we appreciate your engagement with the proposal!

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Thanks for the feedbak and explanation :+1:

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NNS Proposal to create an SNS named ‘ICPEx’

NO Voting Power 26’379’242
I wonder why so many no votes, is someone who dont like DEX competition to Kongswap and ICPSwap?
I personally like to see more Dex-es, ICPEx is building bot trading as i understand. This will help ecosystem a lot, more transactions, activity.
End goal must be growing ecosystem, burning ICP and locking it up more and more.

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The token distribution is unreasonable and the swap speed is too slow

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Thank you very much for your support and we hope to contribute to ICP!

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Hello, thank you for your question.
Regarding swap speed, the ICPEX’s swap speed is similar with that of ICPSWAP and SONIC. In addition, we are now continuously improving and optimizing our system, such as adding AI technology to optimize the user experience, etc., exploring ways to increase efficiency and performance while maintaining security and decentralization.

We hope to leave your specific insights and support, which will help us continuously improve and refine!