Decentralized Exchange News

2022-12-18 23:03:02 Torah Finance: Decentralized Exchange for Liquidity Providers, Free Airdrops for $CRV, $UNI Holders

2022 has been an eye-opening experience for the collective crypto industry. Major organizations that demonstrated strength and profitability in 2020-2021, faced massive setbacks that pushed certain associations toward bankruptcy. One of the major examples was FTX, the centralized exchange which faced a liquidity crisis and eventually collapsed. The incident highlighted issues with liquid funds, which re-opened the debate about whether decentralized exchanges are the better option.Now, Torah Finance is creating a solution that will allow better control over digital assets while allowing users to be assured about their funds.

@Uniswap_PancakeSwap Open / Comment

2022-12-17 20:03:01 Solana DeFi Exchange Raydium Hacked for Over $2 Million

After struggling to recover from debilitating damage wrought on the network by the stunning downfall of one of its most prominent backers, disgraced FTX founder Sam Bankman-Fried, Solana has now suffered a significant hack to one of its largest DeFi .Early Friday, Solana DeFi protocol Raydium announced that a hacker had managed to overtake the organization’s “owner authority,” and used that access to begin draining Raydium’s liquidity pools. DeFi tools allow users to trade, borrow, and lend crypto assets among each other, without third-party intermediaries. And automated market makers like Raydium accomplish this by allowing users to contribute assets to a pool, often in exchange for token rewards.

@Uniswap_PancakeSwap Open / Comment

2022-12-16 23:03:00 Centralized Crypto Exchange Bybit Integrates Decentralized Exchange ApeX Pro Onto Platform

Dubai-based centralized crypto exchange Bybit has integrated decentralized exchange ApeX Pro into its offering in an effort to give customers the opportunity to trade on both types of exchanges on one platform, Bybit said Thursday.ApeX Pro is a permissionless, non-custodial, decentralized exchange (DEX) offering perpetual contracts using StarkWare's scalability engine, StarkEx. It’s being brought onto the Bybit platform via its Web3 wallet, which is a hybrid wallet – similar to MetaMask – that doesn’t store client personal details.

@Uniswap_PancakeSwap Open / Comment

2022-12-15 20:03:00 Uniswap Holders Vote on Governance Shakeup To Avoid Bad Ideas

The Uniswap Foundation is hoping to revamp the popular decentralized exchange’s governance process, giving community members more time to discuss and gauge proposals.As is the case with DAOs, holders of Uniswap’s native token UNI can vote on potential adjustments to the protocol. They can also delegate their tokens to a third party who votes on their behalf.As is the case with DAOs, holders of Uniswap’s native token UNI can vote on potential adjustments to the protocol. They can also delegate their tokens to a third party who votes on their behalf.Devin Walsh, executive director of Uniswap Foundation, said in a post that lengthening the first period would allow the community to properly formulate opinions and provide better suggestions.

@Uniswap_PancakeSwap Open / Comment

2022-12-14 19:41:00 KyotoProtocol.io launches its new decentralised exchange, KyotoSwap.io

KyotoProtocol.io has recently launched KyotoSwap.io, a new decentralised exchange (DEX) on the Binance Smart Chain network. KyotopProtocol.io launched on the 6th December 2022 with a large array of projects already looking to launch and partner with KyotoProtocol.io and KyotoSwap.io, the platform is set to have a positive uplift from the start.KyotoProtocol.io has been working on acquiring and building its new DEX and has done nothing short of providing its community with the consistency of adapting, acquiring and building products that will have a lasting impact within its ecosystem.

@Uniswap_PancakeSwap Open / Comment

2022-12-13 19:41:01 SushiSwap CEO reveals DEX lost $30M on LP incentives this year

According to a new tweet by SushiSwap CEO Jared Grey, the decentralized exchange (DEX) experienced a $30 million loss over the past 12 months on incentives for liquidity providers (LPs). As explained by Grey, SushiSwap currently employs a token-based emission strategy to incentivize LPs, but the current rate is “unsustainable.”Moving forward, Grey plans to rework SushiSwap’s tokenomics so that LPs are no longer subsidized with emissions and redesign the entire model of bootstrapping liquidity on the exchange. “In Q1 2023, we will bring innovation to scale swap volume & prioritize TVL. As LPs experience a more profitable swap experience, others should migrate to Sushi,” wrote the DEX executive.

@Uniswap_PancakeSwap Open / Comment

2022-12-12 19:03:01 0xPlasma Labs proposes Uniswap v3 deployment to BNB Chain

The CEO of 0xPlasma Labs, Ilia, has proposed deploying Uniswap v3 to BNB Chain (Binance), which could bring in an additional $1 billon in Total Value Locked (TVL) and 1-2 million new users. Currently, the proposal is in the discussion stage. Ilia, a long-time supporter and contributor to the Uniswap ecosystem, proposed discussing the possibility of deploying Uniswap v3 on the BNB Chain with the community. Ilia discussed the “miss opportunity” for Uniswap, suggesting the platform could “expand its reach and potentially drive further growth and adoption of DeFi.”

@Uniswap_PancakeSwap Open / Comment

2022-12-11 20:14:00 Decentralized Exchange GMX Flips Uniswap in Daily Revenue for First Time Ever

Decentralized exchange GMX has seen a material increase since the FTX implosion establishing itself as a notable market contender.Delphi Digital reported that the platform raked in $1.15 million in trading fees, while that of Uniswap stood at $1.06 million.Moreover, GMX is now the fifth-largest decentralized application on Token Terminal’s dashboard, trailing behind already established players such as Ethereum, OpenSea, dYdX, and PancakeSwap.Formerly known as Gambit Exchange, GMX is essentially a trading platform initially launched on Arbitrum One last September and later this year on Avalanche. Open / Comment

2022-12-10 19:41:01 Top decentralized exchange Uniswap launches an NFT marketplace aggregator

Uniswap Labs, the developer behind the top decentralized exchange Uniswap, has announced the launch of its own nonfungible token (NFT) marketplace aggregator in an effort to break the separation between cryptocurrency exchanges and NFT markets. The new offering – which has been under development since Uniswap acquired the NFT trading aggregator Genie back in June – will aggregate NFTs that are listed for sale on the top marketplaces including OpenSea, X2Y2, LooksRare, Sudoswap, Larva Labs, X2Y2, Foundation and NFT20.

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2022-12-09 22:52:01 Leading Cardano DEX Suffers Front-Running Attack

Minswap, the very first multi-pool decentralized exchange on Cardano, has experienced a front-running attack. Front-running refers to the practice of getting prior knowledge of future transactions via various means. Traders who commit it can potentially secure risk-free profits. DEXes have to look for different ways to prevent such attacks. Minswap said that it had started investigating possible front-running on the DEX. “We are working on a fix to prevent it from happening again and we are working hard to finish that as soon as possible,” the project tweeted.

@Uniswap_PancakeSwap Open / Comment