The growth of the cryptocurrency industry has brought with it many concerns. Many issues arose, from security, scalability, startup inclusion, to reliable surveillance on exchanges, and overall user experience. To drive mass adoption, third-generation exchanges are needed to address these issues. Soldex is one of them.
Overcoming the disadvantages of DEXs
Cryptocurrency and Blockchain technology continue to evolve and change according to the needs of users. Decentralized exchanges are a revolutionary and essential part of this evolution, offering users privacy, security and sovereignty over their crypto assets. However, any active DeFi user must have experienced the following disadvantages when using a decentralized exchange (DEX):
- Slow processing speed
- Insufficient volumes
- Expensive gas charges
- low liquidity
- bad user experience
- Running your trades manually
While these disadvantages are felt by experienced traders and beginners alike, beginners are most affected as they have to educate themselves about market conditions and make risky financial decisions on their own. Soldex, a third-generation DeFi protocol built on Solana, aims to solve these problems.
Soldex: A new generation DEX
Soldex is the fastest, easiest and most user friendly third generation DEX built on Solana. It is the next step in the DeFi evolution as it aims to operate in all market conditions 24/7 with machine learning and neural network algorithms. As a third-generation exchange, Soldex aims to solve problems with order matching, centralized exchanges, and fiduciary custody on existing decentralized exchanges. With Soldex, users will enjoy both decentralization and AI trading. The Soldex protocol is created to offer users key benefits such as increased transaction speed, automated trading, and a user-friendly interface.
Increased processing speed
One of the biggest annoyances of DeFi users is slow processing time. No one wants to spend long minutes waiting for a simple transaction to complete. Slow transaction times and high gas fees discourage retail traders from using DEXs. This is one of the reasons why the Soldex protocol was built on Solana.
On Solana, the average cost of transaction tokens is around $0.00001 per transaction, with a speed of around 65,000 TPS (transactions/second). Compared to Ethereum’s meager 15 TPS, Solana’s scalability is huge. Leveraging the flexibility and efficiency of the Solana ecosystem, Soldex is able to resolve slow transaction times and high gas fees. Soldex users can perform fast, cheap and efficient transactions.
Automated trading
With the Soldex automatic trading feature, users will be able to trade 24/7 in all market conditions without the danger of human error. Cryptoasset trading is often a risky and emotional business for many crypto users, especially beginners. The Soldex protocol aims to eliminate this risk by providing users with AI-powered algorithms (created by other experienced traders). With the leverage offered by this machine learning, traders can use their trading bots to monitor volatility, risk tolerance, time frame, budget, crypto pairs, margin, etc. can design or choose according to individual criteria such as
The protocol’s neural network algorithm will evaluate market data, make smart predictions about market risks and trade assets on behalf of traders. It will also continue to develop its capabilities based on collected data and trading experience. Soldex trading bots will have the following features:
- market data analysis
- Market risk forecast
- trading assets
Additionally, Soldex provides users with educational tools, reducing the gap between experienced traders and beginners. Educational tools will enable experienced traders to create unique trading bots and even offer them to beginners for a commission. Beginners will also have sufficient educational tools to guide them in using the AI-powered bot of their choice.
User friendly interface
The Soldex team aims to create a DEX optimized for fast navigation and ease of use. It; It allows users to benefit from incentivized liquidity, increased trades, real-time transactions and convenient deposits. It can be said that the Soldex team has a wide range of experience and aims to solve them all after noting the difficulties other DEXs are facing.
Why Solan? What is so interesting about the Solana ecosystem?
The Soldex team understands this key factor: For crypto to be widely adopted, it must scale massively while remaining reliably neutral. Building on a Blockchain where transactions are over $30 and take a few minutes to complete cannot provide the scalability that is so needed. But Solana is the perfect blockchain for next-generation DEXs that want scaling.
With the new proof of history mechanism and other technologies responsible for its impressive speed and scalability, Solana has proven that it is more than capable of fulfilling its mission of mass adoption. Solana boasts 65,000 transactions per second (TPS), which numbers seem to lack Ethereum’s meager 15 TPS. Also, Solana’s average rate of $0.00001 per transaction stands out when compared to the high gas fees of the Ethereum Blockchain.
Solana also has a great infrastructure built on top of a number of smart contracts and Blockchain oracles. Leveraging this infrastructure, protocols built on Solana can provide inexpensive, fast and intuitive trading experience for their users while keeping their platform completely decentralized.
Recent partnerships established by the Soldex project
The Soldex team has recently partnered with Larix. Larix is the first metaverse-based finance protocol in the Solana ecosystem. Larix is the first and only protocol to support LP mortgage lending with automatic consolidation. The only one in Solana! This partnership allows the two protocols to synchronize and work together. Larix is the leading borrowing and lending protocol on the Solana Blockchain.
Ensuring safe use of a wide variety of collateral types, stablecoins, NFTs, tokens and synthetic assets; created more capital-efficient risk management pools. Larix uses a dynamic interest rate model. Larix is the first loan project in Solana to be audited and reviewed by the well-known and respected smart contract auditor SlowMist. It is the first lending protocol with live mining functionality. It is also the first open source lending protocol on Solana. With this collaboration between Soldex and Larix, Soldex will gain increased attention and huge recognition in the market.
Here are the things to consider about Soldex
There will be a question and answer event in the Soldex community on January 11 at 14:00 Turkish time. During this event, more details of this partnership will be revealed. For more information about Soldex, you can visit the links below:
Disclaimer: This is a sponsored content and press release, and what is written here does not reflect the views of the Kriptokoin.com team. The high risk of loss must be taken into account in leveraged transactions and crypto money investments, and extensive research should be done before investing in any platform. Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.