# PEX Overview

**About PEX**

PEX aims to become the fairest decentralized perpetual trading platform by providing RWA and crypto leverage trading and improving upon existing PerpDEX primitives and rounding everything off with a game-theory-inspired Auto-Equilibrium Engine (AEE).

**PerpDEX Dilemma – High APR with low-interest alignment**

The zero-sum game nature among Govern token holders, Liquidity Providers (LP) and Traders has dictated their relationships to be competitions rather than cooperations. Typically, the DEX ends up in a death spiral after having their glorious moment.

**Our position**

PEX stands for **Perpetual Equilibrium Exchange**. With PEX's unique AEE system, this protocol aims to solve the PerpDEX dilemma by aligning incentives among parties. From Nash-equilibrium to collective best-payoff. **"Trade Fair, Gain More"**.

<figure><img src="https://1725591073-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FhNulaXLxIZTSfT6mGeYY%2Fuploads%2FxEzaBB7M9ghYDi3UigQQ%2FFlow%20Diagram%202.png?alt=media&#x26;token=290911fc-7081-4b74-ab80-b9d6edd64f80" alt=""><figcaption></figcaption></figure>