Tag: decentralized exchange (dex)

Polygon ecosystem has seen with at least one DeFi / NFT project joining daily. The MATIC token prices have responded to the same, multiplying rapidly over the last couple of months. However, the rising fees on Ethereum and the high demand for assets swaps on Uniswap have meant one more thing - the decentralized exchanges (DEX) on Polygon MATIC L2 are becoming more...

Decentralized Exchanges (DEXs) are peer-to-peer digital marketplaces where transactions are conducted. These transactions are carried out without needing a third or superior party. These transactions are conducted via smart contract, which uses automated agreements written in code. Not to be confused with centralized exchanges like Coinbase and...

DeFi emerged in 2020 with a vision to build solutions on top of the existing bottlenecks in the centralized financial system. In the last two years since its inception, by riding on some of the unparalleled use-cases like flash loans, liquidity mining, staking, yield farming, and...

Two unprecedented things happened in 2020 which might not be intertwined with each other. However, they did complement themselves in one or more ways. We are talking about the Covid-19 pandemic and the emergence of DeFi in the summer of 2020. As the Covid outbreak went rampant, economies took a hit due to global lockdowns. Millennials lost job...

The rapid growth of the Defi space, especially in the last 24months, has continued to be met with various challenges, as crypto analysts believe that there is a lot of work to be done. The general belief is that the Blockchain project developers still have a long way to go, as these issues appear to be more technical than adoption- which has continued...

Bancor pioneered the order book-less automated market maker (AMM) concept back in 2017 and has since launched a second iteration of the decentralized exchange (DEX) platform in July 2020 featuring Chainlink oracles integration,...

Decentralized exchanges are marketplaces that work on a peer-to-peer basis. This means that the traders in the market carry out their activities without any management. Management, in the case, that there is no financial third party or custodian. To carry out transactions, traders use smart contracts. A smart contract is an agreement code that is written to facilitate transactions....

Cryptocurrency exchanges enable users to exchange cryptocurrencies or even change them to traditional fiat money. This post is all about Pangolin cryptocurrency and its decentralized exchange (DEX). This tutorial covers some of the important concepts such as how to set up, how to use Pangolin, and recommended Wallets for PNG....

Spiritswap crypto is a DEX or decentralized exchange launched on Fantom Opera Chain. It works like Uniswap DEX, which uses constant product AMM for market making to eliminate high slippage. In a constant product automated market maker, P*X=A. Here, P stands for one token, X stands for another token to make a pair. Whereas, A is the LP token given to liquidity providers...

The decentralized finance sector is now awash with various Automated Market Markers. Mirroring Uniswap, protocols like QuickSwap are changing the standard across the industry. QuickSwap, a polygon-based platform, provides the same functionality as Uniswap. Despite Quickswap being a fork of Uniswap, most users now prefer to use the platform. In this...

Uniswap announced the alpha launch of it’s decentralized exchange on Optimism “Ethereum Scaling” L2 solution on July 13. The Optimism Solution utilizes the optimistic roll ups concept by moving transactions off the Ethereum mainnet, therefore relieving load and offering faster confirmation / extremely low fees. A few assets are available at launch like ETH, USDT, WBTC, DAI,...

There are emerging reports that the popular decentralized exchange (DEX) THORChain newly launched multi-chain chaos net was hacked for around 2400 ETH and as assortment of other tokens, the total estimated loss resulting from the incident is around $6.9M, going by the attacker's account. However, the treasury...

Polygon ecosystem has seen rapid development with at least one DeFi / NFT project joining daily. The MATIC token prices have responded to the same, multiplying rapidly over the last couple of months. However, the rising fees on Ethereum and the...

On Oct 12, Bancor introduced the v2.1 of its Automated Market Maker (AMM) type Decentralized Exchange (DEX), a DeFi technology that it conceptualized and introduced in 2017....