Decentralized Exchange Dexalot Starts a Hybrid DeFi Subnet
Decentralized cryptocurrency exchange (DEX) Dexalot has launched on layer-1 protocol Avalanche as a Subnet, attempting to combine the user experience of centralized exchanges (CEX) along with the transparency and decentralization of a DEX. Dexalot’s users will be able to deposit and withdraw assets via its app on the Avalanche C-chain, and then trade on the Dexalot subnet, according to a press release. The communication between the mainnet and subnet will be through “generic message passing using cross-chain communication protocols,” said the press release.
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