Fun

Soldex, Solana-built Decentralized Exchange Partners with Larix Protocol

News Feed - 2022-01-12 11:01:58

Soldex, Solana-built Decentralized Exchange Partners with Larix Protocol sponsored


The growth of the cryptocurrency industry has raised many concerns. They range from security and scalability, on-boarding newbies, trust-less custody and order matching on exchanges to overall user experience, and to achieve mass adoption of cryptocurrency, there’s a need for third generational exchanges to resolve these issues.


Cryptocurrency and blockchain technology keeps evolving and changing to suit users’ needs.


Decentralized exchanges are revolutionary and essential parts of this evolution, offering users privacy, security, and sovereignty over their crypto assets.


However, any active DeFi user must have experienced the following drawbacks while using a DEX: Slow transaction speed; Insufficient volumes; Expensive gas fees; Low liquidity; Poor user experience; Manually executing your trades.


Although these drawbacks are felt both by experienced traders and newbies alike, newbies are mostly affected as they are forced to educate themselves on market conditions and make risky financial decisions all on their own.


Soldex, a third generational DeFi protocol built on Solana, aims to solve these issues.


Soldex, a next generational DEX


Soldex is the fastest, easiest, and most user-friendly third-generation DEX built on Solana.


It is the next step in DeFi evolution as it aims to work on all market conditions, 24/7, with emotionless machine-learning and neural network algorithms.


Soldex aims to resolve the issues faced by order-matching centralized exchanges and trustless custody within current decentralized exchanges as a third-generational exchange.


With Soldex, users would enjoy both decentralization and AI trading.


The Soldex protocol is being built to offer users the significant advantages of increased transaction speed, automated trading, and a user-friendly interface.


Increased transaction speed


One of the major pain points of DeFi users is slow transaction time.


Nobody wants to spend long minutes waiting for a simple transaction to be completed.


Slow transaction time coupled with high gas fees discourages retail traders from using DEXs.


This is one of the reasons the Soldex protocol is being built on Solana.


On Solana, the average cost of trading tokens is about $0.00001 per transaction and at a speed of about 65,000 TPS (transactions per second). Compared to Ethereum’s meagre 15 TPS, the scalability of Solana is enormous.


Leveraging on the flexibility and efficiency of the Solana ecosystem, Soldex would be able to solve the problems of slow transaction time and high gas fees.


Users on Soldex can perform quick, cheap, and efficient transactions.


Automated trading


With Soldex’s automated trading feature, users would be able to trade 24/7, in all market conditions, without the danger of human error.


Trading crypto assets is an often risky and emotional business for many crypto users, especially newbies.


The Soldex protocol aims to eliminate this risk by offering users AI-powered algorithms (created by other experienced traders).


With this machine learning leverage, traders would design or choose their trading bots according to their criteria like volatility, risk tolerance, time frame, budget, crypto pairs, margin, etc.


The protocol’s neural network algorithm will evaluate market data, make intelligent predictions on market risks and trade assets on traders’ behalf. Also, it will continue developing its capabilities based on data collected and trading experience.


Soldex trading bots will have the following features; market data analysis market risk prediction trading assets


Additionally, Soldex would level the playing ground between experienced traders and newbies by offering educational tools to users.


Their educational tools will enable experienced traders to create their unique trading bot and even offer it to newbies for a commission.


Newbies will also have enough educational tools to guide them using their chosen AI-powered bot.


User-friendly interface


The Soldex team intends to create a DEX optimized for quick navigation and user-friendliness; this ensures users enjoy incentivized liquidity, increased swaps, real-time transactions, and convenient deposits.


One can say that the Soldex team has a wide range of experiences; and, having noted the challenges faced by other DEXs, aims to solve them all.


Why Solana? What’s so interesting about the Solana ecosystem?


The Soldex team understands one crucial factor: for crypto to become widely adopted, it needs to scale at a tremendous rate while remaining credibly neutral. Building on a blockchain where transactions cost over $30 and last several minutes before completion wouldn’t achieve this needed scalability.


However, Solana is the perfect blockchain for next-generation DEXs looking to scale.


With its novel proof of history mechanism and other technologies responsible for its impressive speed and scalability, Solana has proved that it is more than capable of carrying out its mass adoption mission.


Solana boasts 65,000 transactions per second (TPS); these numbers make Ethereum’s meagre 15 TPS look non-existent.


Also, Solana’s average rate of $0.00001 per transaction is negligible compared to the high gas fees of the Ethereum blockchain.


Solana also possesses an excellent infrastructure built on several smart contracts and blockchain oracles. Leveraging this infrastructure, protocols built on Solana would enable a cheap, fast, and intuitive trading experience for their users while still keeping their platform fully decentralized.


Soldex Recent Partnerships


Larix – the first metaverse based finance protocol on the Solana ecosystem. The Soldex team recently partnered with Larix.


Larix is the first and only protocol to support LP mortgage lending with auto-compounding. The one and only on Solana!


This partnership allows the two protocols to sync and work together.


Larix is the leading borrowing and lending protocol on the Solana blockchain.


It has created more capital-efficient risk management pools ensuring that a broad selection of collateral types, stablecoins, NFTs, crypto tokens, and synthetic assets can be utilized in a safe and secure way.


Laris makes use of a dynamic interest rate model.


Larix is the first lending project on Solana that has been audited and reviewed by SlowMist – the well-known and reputable smart contract auditor.


It is the first lending protocol with live mining functionality. It’s also the first lending protocol Open-Sourced on Solana.


With this cooperation between Soldex and Larix, Soldex will gain an increase in attention and a wilder recognition in the market.


What to look out for:


There will be an AMA in the Soldex community on 11th January, 12pm CET. During this AMA, more details of this partnership will be revealed.


For more information on Soldex please visit:


https://soldex.ai/ (Website)


https://t.me/Soldexai (Telegram)


https://twitter.com/soldexai (Twitter)


https://www.facebook.com/Soldex-102189735463890/ (Facebook)


https://medium.com/@soldex (Medium)


 


To learn more about the project visit the website, and follow the team on social media. Tags in this story Soldex


This is a sponsored post. Learn how to reach our audience here. Read disclaimer below. Bitcoin.com Media


Bitcoin.com is the premier source for everything crypto-related. Contact ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options. Binance Becomes Official Sponsor of the TotalEnergies Africa Cup of Nations (AFCON 2021) SPONSORED | 2 days ago Ertha Partners with Cryowar SPONSORED | 5 days ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleEverRise Director Jenn Duong on Developing Secure dApps and the Issues Facing the DeFi Space Next articleNFT Market Looksrare Surpasses Opensea’s 24-Hour Sales With $385 Million in Volume Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimer More Popular NewsIn Case You Missed ItEthereum Has Burned 1.2 Million ETH in 4 Months, Close to $5 Billion in Ether Destroyed


With three days left until the end of 2021, the Ethereum network and its native token ether have had a phenomenal year as ether has increased more than 450% in value in 12 months. 145 days ago, on August 5, ... read more.HP-Branded Servers Hijacked to Mine $110,000 Worth of Cryptocurrency Crypto Scammer Arrested in Bangkok After Fleeing With 500 Million Baht Ethereum Hashrate Taps Record-Setting 1 Petahash as ETH’s Mining Profitability Remains High Pensioners of the National Oil Company Will Receive 2 Petros as a Gift in Venezuela

News Feed

Derivatives Exchange Injective Pro Launches Bored Ape NFT Floor Price Perpetuals
Derivatives Exchange Injective Pro Launches Bored Ape NFT Floor Price Perpetuals During the last year, the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection has becom
Jack in the Box Sues Crypto Exchange FTX for ‘Brazenly and Illegally’ Copying Mascot
Jack in the Box Sues Crypto Exchange FTX for "Brazenly and Illegally" Copying Mascot Restaurant chain Jack in the Box has sued cryptocurrency exchange FTX alleging that the crypto
Tom Mitchelhill2 hours agoUS defense bill may be problematic for USDC and stablecoins: AnalystsA proposed U.S. national defense bill could subject stablecoins issuers to KYC and AML requirements they would be unable to c
Rock Legend Gene Simmons Talks Bitcoin: Musician Believes China Is Behind the Ripple Lawsuit, Dollars Are Based on Nothing
Rock Legend Gene Simmons Talks Bitcoin: Musician Believes China Is Behind the Ripple Lawsuit, Dollars Are Based on Nothing The American musician, co-lead singer,
Russians Can Use Qiwi, Sberbank, Yandex Money and Now Binance P2P Exchange to Buy Bitcoin With Rubles
Russians Can Use Qiwi, Sberbank, Yandex Money and Now Binance P2P Exchange to Buy Bitcoin With Rubles A growing number of platforms allow Russian residents to purchase cryptocurr
Solar-Powered Crypto Farm in Australia to Prove Bitcoin Mining Can Be Green
Solar-Powered Crypto Farm in Australia to Prove Bitcoin Mining Can Be Green A crypto mining data center in the state of South Australia will be running mainly on solar-generated el
Derek Andersen5 hours agoEnglish school turned BTC miner in China expands capacity with 220 new unitsBTC Digital used to be a chain of English schools based in Shenzhen. Now it has mining farms in Pennsylvania and Tennes
SWIFT Is Experimenting With Decentralized Technologies to Allow CBDC Interconnection
SWIFT Is Experimenting With Decentralized Technologies to Allow CBDC Interconnection SWIFT, the interbank payments protocol and messaging system, has announced it is working to con
Polymarket odds of RFK Jr dropping out soar before Aug. 23 address
Turner Wright4 hours agoPolymarket odds of RFK Jr dropping out soar before Aug. 23 addressIt’s unclear if the Independent presidential candidate will join forces with Donald Trump, but both are scheduled to speak in th
Brayden Lindrea10 hours agoBitcoin price briefly dips below $26K, falling to two-month lowsThe price of Bitcoin fell around 8% in just 10 minutes on Aug. 17, down to levels not seen since June 20.23394 Total views40 Tota
Citi, Wells Fargo, BNY Mellon Invest in Crypto Firm Talos as Institutional Adoption of Digital Assets Accelerates
Citi, Wells Fargo, BNY Mellon Invest in Crypto Firm Talos as Institutional Adoption of Digital Assets Accelerates Several major financial services firms, including Citi, Wells Farg
USDT Towers Over 30 Stablecoins- Tether’s Market Cap Grew by 2 Million Percent in Just Four Years
USDT Towers Over 30 Stablecoins- Tether"s Market Cap Grew by 2 Million Percent in Just Four Years During the last two years since the initial bear market after t