TORTOLA, British Virgin Islands, Aug. 05, 2021 (GLOBE NEWSWIRE) — Cryption Network, an easy-to-use DeFi platform built for retail users, has launched its decentralized exchange (DEX) platform, PolyDEX.
According to the announcement published on Wednesday, the DEX platform is now live, with ETH-AAVE, ETH-DAI, ETH-USDT, USDC-DAI, USDC-ETH, USDC-USDT, WBTC-ETH, WBTC-USDC, WMATIC-ETH , WMATIC-USDC, CNT-ETH, CNT-USDC and CNT-MATIC are the first farms on the exchange.
According to the recent announcement on Twitter, PolyDEX has reached over $1 million in total locked value within 24 hours of launch.
📢1M TVL Achieved on @Polydex_
We have reached 1M Total Value Locked on @Polydex_ already in the first 24 hours.
Thank you for your support. 🤝
We have just started…🚀 pic.twitter.com/RejFg9RDva
— Cryption.eth (@CryptionNetwork) July 29, 2021
Launched in 2021, the Cryption Network quickly became the go-to resource for retail investors thanks to its DeFi 2.0 suite of products. Cryption Network was founded with the goal of increasing the adoption of cryptocurrencies while allowing retail investors to take advantage of this space. Cryption recently announced two major product launches this week, namely Cryption Wallet and PolyDEX.
PolyDEX – Redefining the DEX experience
PolyDEX is Cryption Network’s decentralized exchange that will enable gas-free trading of CNT and other cryptocurrency tokens and simplify transactions.
PolyDEX, the flagship product of the Cryption network, intends to transform the traditional DEX realm with its next-gen instantaneous, gasless, cross-chain AMM-DEX with yield farming currently active on the Polygon mainnet. According to their blog post, PolyDEX is an AMM DeFi exchange with a novel concept called Elastic Yield Farming at work.
Elastic yield farming is introduced by the exchange to incentivize liquidity on the DEX. The exchange will also act as a bridge to bring liquidity from Ethereum to Matic. The exchange platform will offer IFO solutions to its partner projects and also allow integration of Cryption ecosystem products.
The exchange’s vision is to redefine users’ DEX experience and bring millions of new users into the DeFi and cryptocurrency world by providing a seamless and easy-to-use yield farming platform.
The story goes on
The rise of the new DEX era
The launch of PolyDEX marks the beginning of the new DEX era, which will enable easy onboarding for new users, where users can trade seamlessly without paying high gas fees. PolyDEX will enable gas-free trading and a user-friendly interface for first-time DeFi users. PolyDEX will also allow users to add liquidity and participate in farms to generate income. PolyDEX cross-chain functionality and interoperability will enable trading between different blockchain platforms Polygon, Ethereum and other L1s.
For fully gasless and seamless trading, yield farming, investing and more, check out PolyDEX today.
social links
https://twitter.com/Polydex
media contact
Company: Cryption Network
Contact: Suchit K., Head of Marketing
Email: [email protected]
Website: https://www.cryption.net/
SOURCE: cryptographic network
Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers
Comments are closed.