Dublin, Ireland – (Newsfile Corp. – December 5, 2021) – Ravendex primarily ranks as the first non-custodial decentralized exchange and Launchpad powered by Cardano Blockchain.
Figure 1 Ravendex – Next Generation Non-Guardian DEX on Cardano Blockchain and Launchpad Powered by Cardano Blockchain
It includes four multifunction liquidity pools which are mentioned below:
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Constant product pool
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Stable swimming pool
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Multi-asset pool
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Dynamic swimming pool
APY rates were initially lower than other lending platforms on various blockchains, such as AAVE on Ethereum. Due to the speed of Cardano Blockchain and low transaction costs, the use of borrowed funds and the overall returns to investors were greater and more efficient than other networks.
Decentralized Automated Market Maker System
Soon the much anticipated decentralized automated market maker system, RavenDex, will be available for trading. This means that an investor can transfer tokens through blockchains without third parties, like an exchange.
RavenDex’s decentralized asset exchange uses HTLC technology. The protocol ensures the exchange if everyone agrees. On the other hand, those who do not complete the operation will be reimbursed.
Income staking
As revealed by Ravendex, holders of $ RAVE can wager their tokens to receive $ RAVE rewards through a simple web interface. Ravendex will launch its staking platform sooner than expected. Thus, making Ravendex a more lucrative platform for early adopters.
With a non-fungible token staking protocol, ravers can stake their rare digital collectibles and earn reward points. ON LAUNCH, $ RAVE token holders can use the staking platform to earn up to 25% more.
In each cycle, the stake is determined by the amount of $ RAVE allocated. Holding $ RAVE allows investors to donate cash to DEX projects and earn a share of the fees. Similar to staking.
About Ravendex
Ravendex is one of the first apps in the Cardano ecosystem to use Alonzo Hard Fork’s recently announced upgrade, which allows smart contracts to deposit assets and receive interest according to predefined parameters.
Media links
Github: https://github.com/Ravendexlabs
Telegram: http://t.me/ravendexlabs
Twitter: https://twitter.com/Ravendexlabs
Contact channels:
Company Name: Ravendex Laboratories
Name of the contact: Crow
E-mail: [email protected]
Site: Dublin, Ireland
Website: https://ravendex.io
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