Decentralized exchange (DEX)
Decentralized exchange (DEX) protocol that facilitates automated and permissionless trading of various cryptocurrencies. It operates as a set of smart contracts, allowing users to trade tokens directly from their wallets without the need for a centralized intermediary.
Key features of DEX include:
Automated Market Making (AMM): DEX uses an automated market maker model, where liquidity is provided by users through liquidity pools rather than traditional order books. Liquidity providers deposit pairs of tokens into these pools, and the protocol uses a simple algorithm to determine the exchange rate based on the ratio of the two tokens in the pool.
Constant Product Formula: DEX employs a constant product formula, specifically x * y = k, where x and y represent the quantities of the two tokens in a liquidity pool, and k is a constant. This formula ensures that the product of the quantities remains the same, which determines the exchange rate.
Decentralized Liquidity: Liquidity providers are incentivized to deposit funds into DEX pools by earning fees on trades. These fees are distributed proportionally to the liquidity providers based on their share of the pool. Anyone can become a liquidity provider by depositing an equal value of both tokens in a specific pair.
Permissionless Listing: DEX allows for the permissionless listing of new tokens. Users can create a new pool for any ERC-20 token without needing approval from a centralized authority. This contributes to the platform's rapid expansion and the availability of a wide range of tokens.
Swap and Trade: Users can swap one token for another directly through the DEX interface. The exchange is executed instantly, and users receive the calculated amount of the desired token based on the current exchange rate. D ecentralized Governance: DEX protocol is governed by token holders, a native governance token of the DEX protocol, allowing holders to participate in decision-making processes and propose changes or improvements to the protocol.
Staking: Earning additional rewards for staking LP tokens. These rewards come in the form of native governance tokens, yield farming rewards, or other incentives. Users may stake their LP tokens in specific staking contracts to earn these additional rewards.
DEX Flow Chat
DEX Smart Contracts deployed on Testnet
Dex Factory deployed to: 0x95ee06ec2D944B891E82CEd2F1404FBB8A36dA44 https://areonscan.com/contracts/0x95ee06ec2D944B891E82CEd2F1404FBB8A36dA44
Dex Router deployed to: 0x99fA2C17fC269FA23ADd4E71cDE3210B1174f3B8 https://areonscan.com/contracts/0x99fA2C17fC269FA23ADd4E71cDE3210B1174f3B8
Multisig deployed to: 0xC6dD53Fc5ddAEA85EdbFdD149784C0B3cA6AFbD3 https://areonscan.com/contracts/0xC6dD53Fc5ddAEA85EdbFdD149784C0B3cA6AFbD3
MultiCall deployed to: 0x10c9Ab23a88a17fe62687Df67895F1bC7f6ba05A https://areonscan.com/contracts/0x10c9Ab23a88a17fe62687Df67895F1bC7f6ba05A
WTAREA deployed to: 0xB433a6F3c690D17E78aa3dD87eC01cdc304278a9 https://areonscan.com/contracts/0xB433a6F3c690D17E78aa3dD87eC01cdc304278a9
Dex Token deployed to: 0x18c9CbC1E055aBA2494Bc1d787436586EAca8456 https://areonscan.com/contracts/0x18c9CbC1E055aBA2494Bc1d787436586EAca8456
Farming deployed to: 0x2bBf07A1f4F67C1e9dEEF49b64Cbed1DB59367f7 https://areonscan.com/contracts/0x2bBf07A1f4F67C1e9dEEF49b64Cbed1DB59367f7
Staking Factory deployed to: 0xf06dE87854e95d43355e7f93f63170829D34815F https://areonscan.com/contracts/0xf06dE87854e95d43355e7f93f63170829D34815F