The latest DEX is designed to take advantage of both CEX and DEX by leveraging innovative technology to enable more efficient transactions.
Due to the limitations of both modern CEX and DEX, many suggest that widespread adoption of assets requires a non-storage platform that supports the assets in many networks. Theoretically, this experience allows users to manage their funds at any time without giving up the flexibility of a promising user experience.
Polkadex proposed this next iteration of the exchange as a decentralized peer-to-peer purchase order-based cryptocurrency exchange. This project aims to become a Web3 trading engine by combining the advantages of both CEX and DEX while eliminating the shortcomings of both CEX and DEX.
To achieve this, Polkadex has tuned a solution based on state-of-the-art, reliable execution environment technology. This solution allows Polkadex to remove custody from the exchange operator’s equation, creating a non-custodian exchange that runs as fast as a centralized exchange.
Like centralized exchanges, Polkadex is decentralized but aimed at supporting the assets of the entire chain. To this end, Polkadex not only developed THEA, a decentralized liquidity bridge that first connects & nbsp; Ethereum (and later other chains) to Polkadex, but recently the wider Polkadot ecosystem. Acquired a Polkadot Parachain slot that allows you to connect to.
Thanks to a community-led campaign, Polkadex won auction 16 and lent 973,000 DOT batch 3 records to its cloud loan. As a board-based parachain, Polkadex will support assets from the entire Polkadot ecosystem, including fellow parachains, but thanks to THEA, Polkadex will support assets from Ethereum first and other popular networks at a later date. increase. This combination of interoperability layers integrates Ethereum, Polkadot, and later other blockchains under one decentralized trading roof.
Polkadex leverages a model that combines a layer 2 reliable execution environment, parachains and state-of-the-art decentralized liquidity bridges to ensure that users retain their own funds and smart contract keys. , Allows you to exchange assets from various blockchains. The exchange also offers supplemental services, including PolkaIDO, a fully decentralized on-chain IDO lunchpad. It integrates seamlessly with Polkadex Orderbook, Parachains, and THEAs crosschain bridges.
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