Polkadot project StaFi will launch AMM DEX "rDEX V1" for rToken in Q1 of 2022 - Aliens: AI Crypto News & Markets Updates

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Polkadot project StaFi will launch AMM DEX "rDEX V1" for rToken in Q1 of 2022

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Aliens

Thu, Nov 25, 2021

Polkadot Project StaFi announced the upcoming rDEX V1 solution, an AMM DEX for rToken/FIS trading pairs based on the StaFi chain. The main features of rDEX V1 include: low slippage for small and medium-sized transactions; FIS tokens will be the fundamental trading asset of all rToken trading pairs; FIS rewards provide impermanent loss protection; asymmetric support for pool tokens.

Officials stated that rDEX V1 will be the next important application built for the StaFi rToken ecosystem and will be available in 2022 Q1. In the future, rDEX V1 will continue to be upgraded, such as exploring how to support rToken/NativeToken trading pairs, rToken Initial Offering, and rToken-based index tokens. The voting for rDEX V1 has begun.

Source: Common Wealth

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