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Tag: marketmakers

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…

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…

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…

Blockchain for Payments (analysis)

BC payments are different because they rely on no middle men. BTC payments are possible without banks and ANY other institution with complete transparency acroos the globe without worrying about exchange rates.

What are the various opportunities to use the technology
BC for payments can be developed in many forms, but they need to consider:
– Legal aspects: the currency can be a cryptocurrency or a legal tender euros or dollars.
– Public or Private BC: open and permisionless vs closed and with permission. Open source benefits vs Privacy benefits. Communities working on the code vs close collaboration networks. Companies must choose.
– Consensus mechanism to validate transactions. From BTC proof of concept (needed in open BCs) to much lighter and efficient methods like the Practical Byzantine Fault Tolerance Mechanism, or PoS.… Read more...