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Tag: AMM

Introducing Ruby.Exchange: The first NFT-powered AMM

Ruby.Exchange combines cutting-edge Ethereum technologies to create a feature-rich user experience, providing more ways for traders and yield farmers to earn.Automated Market Makers (AMM) are decentralized finance’s (DeFi) answer to the problems of centralized crypto exchanges. By providing secure, trustless, user-friendly token trading, AMMs have established themselves as foundational components of the DeFi movement and ecosystem. However, AMMs typically suffer from a lack of “stickiness” and poor user experience.Ruby.Exchange is taking the exciting opportunity to become the…

What is Onomy Protocol? Cross-Chain Forex, Hybrid DEX & DeFi Access Wallet

In a market hampered by siloed blockchains, reliance on centralized exchanges, and convoluted means of  onboarding the $6.6T per day Forex market on-chain, Onomy Protocol is building the rails needed to make the DeFi ecosystem more accessible for institutions and retail users worldwide.It will do this by simplifying the DeFi onboarding experience through a suite of products that connect to the wider blockchain universe. These include a layer-1 scalable chain, DeFi access wallet, and Onomy’s cross-chain trading ecosystem, enabled by a hybrid AMM & order book decentralized exchange (DEX),…

Arvalex Protocol Launch the First AMM and NFT Marketplace on Avalanche Blockchain

Arvalex is an Avalanche-based protocol for NFT trading, Services exchange built on AMM Protocol. Arvalex Protocol has announced its public launch on Avalanche Blockchain Network.  The Metaverse token $AVRL, which prides itself on being the next generation of protocol “built to enhance ease of commerce and other related transaction in the metaverse,” is powered by and built on the Avalanche Blockchain.
The Avalanche Blockchain which has been proven to be robust is the first point of call as it boasts 4,500 transactions per second (TPS) with less than a…

11 Defi Terms to Know Before You Buy Your First Crypto

Decentralized Finance (Defi) is an online banking ecosystem that eliminates intermediaries such as banks, investment managers and organizations. Using blockchain technology, Automated Market Makers (AMMs) and smart contracts, Defi has proved to be the cornerstone of 21st-century technology. Users from around the world can save, invest, borrow, lend- all while bypassing the friction caused by financial institutions and regulation. According to DefiPulse, the total value locked in (TVL) of Defi is $113 billion (15th November 2021)Defi NinjaDeFi Ninja works with cutting-edge blockchain…

Metaverse DAO Jenny Pools $7M For Fractionalized NFTs On Unicly

Jenny DAO, the first Metaverse DAO to launch its social token on Unicly, has pooled $7 million towards shared NFT ownership. Funds raised by the DAO, including contributions from several leading VCs, will go towards establishing and managing an NFT collection on Unicly.
The $7M will make Jenny DAO one of the largest stewards of NFT collections on Unicly and will give holders of its native JENNY token a direct incentive in seeing Unicly succeed. On May 13, the uJENNY token will list on Unicly’s AMM, which combines the token-swapping functionality of a regular DEX with the…

Introducing Skylight Exchange (SLT) Token, a 3-in-1 Exchange Token Combining DEFi Exchange, NFT Market Place and…

Sydney, Australia–(Newsfile Corp. – November 5, 2021) – Skylight is a 3-in-1 Crypto project that combines a Decentralized Exchange (DEX) ecosystem, Utility Token (SLT) and an NFT Marketplace. The Skylight exchange is a decentralized exchange protocol based on the automated market maker (AMM) model, which bootstraps network effects by incentivizing liquidity with project tokens, thereby creating a self-contained ecosystem of traders and yield earners. This allows digital assets to be traded in a permission-less and automatic way by using liquidity pools rather than a traditional market of…

DeFi Startup Notional Expands Fixed-Rate Lending Presence With V2 Upgrade

Fixed-rate cryptocurrency lending startup Notional is growing its decentralized finance (DeFi) presence with the launch of its V2 upgrade, the company announced Monday.The company, which offers fixed-rate debt using an on-chain automated market maker (AMM), said the new iteration of its platform has improved security and liquidity, following a $10 million Series A funding round in April led by Pantera Capital.The protocol currently offers fixed-rate borrowing of USD coin (USDC) and DAI for…

XRP Gets Wrapped by Tokensoft for Ethereum DeFi Debut

Is the XRP Army ready to storm Ethereum?Announced Friday, Wrapped XRP (wXRP), a digital asset backed 1:1 by XRP, will make the cross-chain jump into Ethereum-based decentralized finance (DeFi) starting in December, courtesy of Wrapped and Hong Kong-based crypto custodian Hex Trust.The new connectivity for XRP holders will allow access to various DeFi applications, whether that’s lending and borrowing, or for use in automated market makers (AMMs), said Mason Borda, CEO of Tokensoft, the…

XRP is listed by Tokensoft for the debut of Ethereum DeFi

Reported Friday, Wrapped XRP (wXRP), a digital asset backed 1:1 by XRP, will take the cross-chain leap into Ethereum-based decentralized finance (DeFi) beginning in December, courtesy of Wrapped and Hong Kong-based crypto overseer Hex Trust. The new connectivity for XRP holders will permit admittance to different DeFi applications, regardless of whether that is lending and borrowing, or for use in automated market makers (AMMs), said Mason Borda, CEO of Tokensoft, the driving force behind…

What are DeFi’s automated market makers?

With the launch of Uniswap in 2018, the crypto space changed forever. It became the first decentralised exchange (DEX) to really put automated market maker (AMM) technology on the map, which helped bring about a DeFi boom.
But what is an AMM, and how are DEXs using the technology to disrupt, decentralise and democratise financial trade? Instead of trying to figure it all out ourselves, Stockhead got the lowdown from three experts working in that area of crypto and decentralised…

Curve Finance’s CRV Quietly Becomes a Top-Performing DeFi Token Despite Meme-Token Craze

Curve dao (CRV), the governance token for automated market maker (AMM) protocol Curve Finance, has quietly risen to become a top performer of the week, despite the craze around the Shiba Inu coin (SHIB) and other dog-themed tokens. At the time of publication, CRV was changing hands at $4.74, according to data from Messari, up 1.87% in the past 24 hours and nearly 65% over the past week. Among tokens with at least a $1 billion market cap, including SHIB, CRV is the third-best performer this…