Move-to-earn Web3 platform STEPN announced on August 17th the launch of DOOAR, a multi-chain decentralized exchange (DEX) developed by Find Satoshi Lab for STEPN users and beyond, with a brand new UI/UX design.
STEPN is a Solana mobile app where users can earn GST tokens by walking, running or jogging, while DOOAR is a platform that seeks to drive sustainability into STEPN’s ecosystem while giving back to the community.
Back in June this year, STEPN unveiled the plan to increase liquidity for its GST and GMT tokens and take full control of the fee structure. At the time, it was said that the plan would go through three phases.
The first is a STEPN in-app swap with no independent frontend, and the swap is only for users inside the STEPN app. The second tier is a DEX with a front end. Anyone can provide liquidity for GST/USDC and GMT/USDC pairs. The final tier is a DEX with a front end and anyone can create liquidity pools for other tokens.
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A July report from CoinDesk showed that according to data from Dune, STEPN’s DOOAR had surpassed Solana-based DEX Orca with about 77,000 daily active users.
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