We are thrilled to introduce our brand new newsletter, dedicated to Innovative and Tech-driven Finance!
In this newsletter, we’ll be bringing you the latest updates and developments in the fintech, DeFi and non-traditional finance space, this time we are focusing on DEX/AMMs. In the rapidly evolving world of decentralized finance (DeFi), DEXs have emerged as a game-changing innovation that allows traders to exchange cryptocurrencies and other digital assets directly with each other, without the need for intermediaries. AMMs, on the other hand, use algorithms to provide liquidity to traders, making them more efficient and decentralized than traditional centralized exchanges.
Stay tuned to learn about the exciting new trends, technologies, and projects shaping the future of finance.
New Products/Partnerships
TerraCVita has launched Terraport, a platform designed to enhance the Terra Classic (LUNC) ecosystem. The company raised $2 million in January 2023 to develop Terraport and support the network, and is now holding a second public sale until March 15 to further its development. Terraport is a new decentralized finance (DeFi) platform built on the Terra Classic blockchain. It includes a native decentralized exchange (DEX) for token swapping and has been designed to take advantage of the faster and more scalable Layer1 features of Terra Classic. Terraport aims to become a comprehensive DeFi solution for the LUNC community and the broader industry with an intuitive interface and various features. The TERRA token is used as a utility asset and Decentralized Autonomous Organization (DAO) to give decision-making power to the community.
ChainUp, a leading Singapore-based end-to-end blockchain technology solutions provider, has launched a Decentralized Exchange (DEX) that makes it the world’s first Software-as-a-Service (SaaS) company to offer a complete suite of DEX solutions. The solution allows clients to launch their own DEX quickly and easily, with support for key features such as perpetual futures DEX, fast token buying services, and DEX. Trading on the DEX does not require users to register or deposit digital tokens with the platform, as users can trade directly through their decentralized wallets and maintain full custody of their digital assets throughout the transaction process. ChainUp’s goal is to empower businesses through blockchain technology, and their solutions are innovative and fully compliant. They offer a range of solutions, including digital asset exchange systems, NFT trading systems, wallet solutions, liquidity solutions, and digital asset custody and management.
Veax Labs, an advanced single-sided liquidity management DEX, launched the public testnet for its advanced NEAR Protocol based decentralized exchange (DEX). This platform introduces a new and exciting value proposition to the DEX market by seamlessly integrating traditional finance (TradFi) features with decentralized infrastructure. Veax offers a range of cutting-edge features such as advanced liquidity management, customizable exchange pools, margin and derivatives trading, and a user-friendly orderbook interface. Built on the NEAR blockchain with pioneering TradFi-empowered features, Veax promises to revolutionize the way people trade on DEXs.
Dexalot, a well-known decentralized exchange, has launched its latest trading platform, the Dexalot Subnet, on the Avalanche network. The new platform aims to combine the user experience of centralized exchanges (CEX) with the transparency and decentralization of a DEX. Dexalot users can now deposit and withdraw assets through the platform’s app on the Avalanche C-chain and trade on the Dexalot subnet, all while retaining control of their assets. The communication between the mainnet and subnet occurs through cross-chain communication protocols and generic message passing, which may reduce slippage (the difference between a trade’s expected price and the price at which the trade is executed) during trade execution. This feature allows traders to have greater confidence in their trades without giving up custody of their assets. With this innovative approach, Dexalot Subnet promises to revolutionize the trading experience for users on the Avalanche network.
Gridex Protocol has launched its fully on-chain, order-book trading protocol on Arbitrum, with the aim of providing users with a faster and more efficient DeFi experience. The partnership with Arbitrum allows Gridex to take advantage of its Layer 2 scaling technology, which offers lower gas fees and faster transactions. Gridex Protocol is the first fully on-chain spot order book decentralized exchange on Ethereum, designed to address the risks of slippage and impermanent loss associated with automated market maker trading. The platform’s launch on Arbitrum marks a significant milestone in Gridex’s mission to provide a completely decentralized trading experience, offering users an alternative to centralized exchanges plagued by risks and pitfalls. The innovative “maker orders” allow for low gas fee and zero slippage. With its unique trading protocol, Gridex is leading the charge towards a fully decentralized future for DeFi.
Treasure DAO, a decentralized gaming ecosystem has launched the MagicSwap v2, an automated market maker (AMM) protocol that supports universal token compatibility. MagicSwap’s primary goal is to provide immersive gaming experiences to players, keeping them away from the destruction of worrying about asset prices. The protocol will initially support ERC-20s, ERC-721s, and ERC-1155s tokens while also enabling the addition of different NFT types. The protocol also allows users to trade all types of tokens (both fungible and non-fungible) within a gaming economy rather than requiring users to use Uniswap and NFT marketplaces separately. MagicSwap is powered by the $MAGIC token, the governance token of Treasure DAO. The token will be used for the deployment of the protocol on the Arbitrum blockchain, and for other chains that will be added in the future.