IDEX will roll out in three phases, starting Q3 2020.
Phase 1: Breakthrough Performance, On-Chain Settlement: All new exchange features go live on day 1, while trades continue to settle on-chain individually as in IDEX 1.0. Makers incur no gas fees, while takers pay a small gas fee per trade.
Phase 2: Layer-2 Live
Our innovative layer-2 system operates alongside the on-chain settlement, proving the integrity of the system using production data. Stakers will have an opportunity to spin up nodes and be part of the layer-2 audit process.
Phase 3: Layer-2 Settlement
Settlement transitions fully to our layer-2 system, eliminating taker gas costs entirely and setting the stage for unbounded scale.
For more information on our roll-out plan, read this post.