u/Specific_Zucchini318

Hey r/defi,

The protocol is called Brokex, a perpetual futures DEX I’ve been building solo for over a year.

I originally developed it on Pharos Network testnet where it got decent traction (~70 million in simulated trading volume) and received a small grant. However, after their mainnet launch and team changes, they stopped supporting the project.

I continued developing it myself and now have a complete stack: frontend, backend, keeper and smart contracts.

Current plan for V1:

• Very small launch with only $5-6k liquidity
• Starting with just 1 asset (likely XAU/USD Gold)
• Trading against the vault (simple model)
• On an EVM L2 (thinking Base or Arbitrum)

Risks (as required):

• The contracts are unaudited (I cannot afford a proper audit right now, which is a significant risk).
• Very low liquidity means high risk of bad executions, slippage, and potential losses for users.
• As a small solo project there is smart contract risk and potential for exploits.

I’m looking for honest feedback from the community:

• Is launching with such low liquidity realistic?
• Which L2 would you recommend for this kind of small launch?
• Any major red flags with this approach?

Looking for technical and practical advice. Thanks in advance.