# FAQ

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<summary>What is EVEDEX, and how does it differ from traditional exchanges?</summary>

EVEDEX is a hybrid decentralized exchange combining the performance and ease of centralized exchanges (CEXs) with the security and transparency of decentralized exchanges (DEXs). It leverages Layer 3 technology for scalability and cost-efficiency and incorporates both on-chain and off-chain components for optimized performance.

</details>

<details>

<summary>How does EVEDEX ensure the security of user funds and data?</summary>

EVEDEX employs multi-layered security measures, including advanced cryptographic solutions, decentralized smart contracts, and sequencer failure protections. Users retain full control of their private keys, ensuring a non-custodial experience.

</details>

<details>

<summary>What is Account Abstraction, and how does it benefit users?</summary>

Account Abstraction simplifies blockchain interactions by enabling features such as gasless transactions, enhanced security configurations, and cross-device account management. It allows users to trade seamlessly without managing complex technical steps.

</details>

<details>

<summary>How are perpetual futures implemented on EVEDEX?</summary>

EVEDEX supports perpetual futures with no expiration date, leveraging a funding rate mechanism to align the futures price with the spot market. The platform offers high leverage and robust risk management tools to ensure efficient trading.

</details>

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<summary>What are the key advantages of EVEDEX’s Layer 3 infrastructure?</summary>

Built on Arbitrum Orbit, the Layer 3 infrastructure provides:

* Enhanced scalability and lower fees.
* Improved interoperability with Ethereum and other chains.
* Advanced features like decentralized withdrawals and sequencer failure protection.

</details>

<details>

<summary>What educational resources does EVEDEX provide?</summary>

The EVEDEX Educational Center offers courses on trading, blockchain technology, and investment strategies. Users can access interactive tools like simulators and participate in live webinars and workshops led by industry experts.

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<summary>What is XAUT?</summary>

XAUT (Tether Gold) is a token where each token represents one troy ounce of physical gold held in Swiss vaults by TG Commodities Limited. Trading XAUT/USDT perpetual contracts on EVEDEX gives you leveraged price exposure to the XAUT token, which tracks the price of gold. You do not acquire ownership of physical gold or XAUT tokens by trading perpetuals.

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