Coinscreed
  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Litecoin News
    • Altcoin News
    • DeFi
    • Blockchain News
  • Market Analysis
  • NFT
  • Metaverse
  • Cryptocurrencies
  • Learn
    • Bitcoin 101
    • Ethereum 101
    • Binance Smart Chain
    • DeFi 101
    • Ripple 101
    • ICO 101
    • Trading 101
    • Dogecoin 101
    • Lightening Network
    • NFT 101
  • Crypto How Tos
Advertise
No Result
View All Result
  • bitcoinBitcoin(BTC)
    $24,035.00-0.71% 24H
    BITCOIN
    24H : -0.71%
    Volume : $27,257,177,228.00
    Marketcap : $460,318,278,294.00
  • ethereumEthereum(ETH)
    $1,893.65-0.53% 24H
    ETHEREUM
    24H : -0.53%
    Volume : $15,170,934,705.00
    Marketcap : $227,619,771,957.00
  • binancecoinBNB(BNB)
    $317.11-0.07% 24H
    BNB
    24H : -0.07%
    Volume : $1,050,946,341.00
    Marketcap : $51,856,983,404.00
  • cardanoCardano(ADA)
    $0.5651.80% 24H
    CARDANO
    24H : 1.80%
    Volume : $705,418,868.00
    Marketcap : $19,169,839,500.00
  • rippleXRP(XRP)
    $0.3761.17% 24H
    XRP
    24H : 1.17%
    Volume : $1,040,709,069.00
    Marketcap : $18,494,601,026.00
  • terra-lunaTerra Luna Classic(LUNC)
    $0.000071-5.36% 24H
    TERRA LUNA CLASSIC
    24H : -5.36%
    Volume : $134,961,670.00
    Marketcap : $768,841,921.00
Coinscreed
No Result
View All Result
Home DeFi

IDEX announces the launch of its v3 hybrid liquidity DEX on the Polygon network

LollyCrypt by LollyCrypt
9 months ago
in DeFi
Reading Time: 3 mins read
A A
Share on FacebookShare on Twitter
San Francisco-based decentralized exchange IDEX has announced the launch of its v3 Hybrid Liquidity decentralized exchange (DEX) on the Polygon network. The platform says operating on the Polygon network provides a lower transaction cost.
IDEX announces the launch of its v3 hybrid liquidity DEX on the Polygon network

In order to cultivate higher financial returns for the services liquidity providers, the hybrid model will combine traditional order book functionalities with automated market maker (AMM) liquidity pools, as well as provide typical investing tools such as stop-losses, limit orders, and real-time execution.

Operating on the Polygon network, according to the platform, provides lower transaction costs of “10,000–100,000 times cheaper” than on Ethereum layer-one, in addition to taking advantage of the network’s full-stack Ethereum scaling principles.

SuggestedArticles

1inch network integrates with metaverse blockchain Klaytn

1inch network integrates with metaverse blockchain Klaytn

7 days ago
Crypto Whales Accumulate DeFi Tokens Amid Market Crash

Crypto Whales Accumulate DeFi Tokens Amid Market Crash

3 months ago

By popular demand, we’ve uploaded the IDEX v3 LIVE Pre-launch #AMA w/ @AlexWearn. 🤠

Missed it? Now’s your chance to catch up.https://t.co/zXrGR9gBG6

— IDEX (@idexio) November 30, 2021

#

A research paper published by Topaz Blue and Bancor Protocol uncovered that nearly half of all liquidity providers on Uniswap v3 have been subject to impermanent loss based on a 43 percent data snapshot of the platform, providing more context into the burden of high fees for liquidity providers in decentralized finance (DeFi).

Despite this, according to CoinGecko data, the platform ranks top in DEX 24-hour trading volume with $2.8 billion, followed by PancakeSwap v2 with $2.3 billion.

DeFi projects and gas fees

In terms of gas pricing, many DeFi participants have been urged to migrate to Ethereum Virtual Machine-compatible and layer-two networks in pursuit of cheaper alternatives, a tendency that has led to a skyrocketing level of total market value locked.

“DeFi has been crippled by difficulties like gas prices, front-running, and slippage since its beginning,” said IDEX CEO Alex Wearn, adding that “few alternatives have actually offered answers to these concerns.”

“The novel Hybrid Liquidity design protects users from these pain points, while simultaneously generating higher returns for liquidity providers to boost the scalability of the wider decentralized economy.”

The exchange is also offering a number of incentives to users that interact with the site in conjunction with the protocol launch.

Liquidity Mining will provide 1,400,000 IDEX tokens per week in order to increase liquidity, and a rewards scheme will recognize the regular activity.

Tags: #Decentralized exchange#DeFi#Hybrid liquidity#IDEX#Polygon
GXGBET
Coinscreed

Copyright © 2022 Coinscreed

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Crypto Price Charts

Follow Us

No Result
View All Result
  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Litecoin News
    • Altcoin News
    • DeFi
    • Blockchain News
  • Market Analysis
  • NFT
  • Metaverse
  • Cryptocurrencies
  • Learn
    • Bitcoin 101
    • Ethereum 101
    • Binance Smart Chain
    • DeFi 101
    • Ripple 101
    • ICO 101
    • Trading 101
    • Dogecoin 101
    • Lightening Network
    • NFT 101
  • Crypto How Tos

Copyright © 2022 Coinscreed

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version