Cardano Working On a DEX | Cardax
Cardano is working on projects that are of interest to me of late and have made me develop interest in its development, one of the upcoming projects being a DEX called Cardax
Cardano, a blockchain ecosystem founded by Charles Hoskinson, plans on developing its first decentralized exchange dubbed Cardax. The blockchain ecosystem enables parties to leverage their smart contract capabilities to develop decentralized applications, digital tokens, and much more.
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A dex on Cardano sounds good, from what I gathered from the article it looks similar to the DEX we have on Hive, Hive Engine having more of such options available across various blockchains only strengthens the cryptosphere as well as being presented with options.
The DEX ecosystem will introduce features such as hosting any native token on Cardano, utilize the Extended Automated Market Maker(EAMM), distributing fee rewards accumulated from the DEX to liquidity providers...
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Providing liquidity with one's tokens and earn returns on them is going to be a means of generating passive income in the crypto world going forward, more reason why I feel DeFi is here to stay and can only get better.
There is a great financial opportunity happening right before us, it doesn't take much to recognize them, one just need the funds to get on the right project(s) and exercise long term patient for future success.
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Great job by cardano, as long as they can keep the gas fees low, then they will definitely rival uniswap and binance's pancakeswap. Time and transaction turnover will tell :}
Yes more options is needed, makes every chain up there game
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