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Many concerns have been raised by the growth of cryptocurrency. They range from security and scalability, on-boarding newbies, trust-less custody and order matching on exchanges to overall user experience, and to achieve mass adoption of cryptocurrency, there’s a need for third generational exchanges to resolve these issues.
Cryptocurrency and blockchain technology keeps evolving and changing to suit users’ needs.
These decentralized exchanges, which offer privacy, security, sovereignty, and control over crypto assets, are an essential part of the evolution.
However, active DeFi users must be aware of the following issues when using DEX.
- Transfer speeds slow
- Insufficient volumes;
- High gas prices;
- Limited liquidity
- Poor user experience;
- You can manually execute your trades.
These drawbacks can be felt by both experienced traders as well as newbies, but they affect newbies the most because they have to learn about market conditions and take risky financial decision on their own.
Soldex is a third-generational DeFi protocol based on Solana. It aims at solving these problems.
Soldex, the next generation of DEX
Soldex on Solana is the fastest and easiest third-generation DEX.
The next stage in DeFi’s evolution is this one, which aims at working on all markets conditions 24/7 using emotionless machine-learning algorithms and neural networks.
Soldex is a third-generational exchange that aims to solve the problems of order-matching central exchanges and trustless custody within existing decentralized exchanges.
Soldex would allow users to enjoy both AI and decentralization with trading.
Soldex Protocol is designed to give users significant benefits such as increased transaction speeds, automated trading and an easy-to-use interface.
Transaction speed increased
Slow transaction times are a major problem for DeFi users.
It is not a good idea to waste time waiting around for an easy transaction to take place.
Retail traders are discouraged from using DEXs due to slow transaction times and high gas costs.
Soldex is based on Solana for this reason.
Solana’s average trading cost is around $0.00001 per transaction, and it operates at an approximate 65,000 transactions per second (transactions per minute). Compared to Ethereum’s meagre 15 TPS, the scalability of Solana is enormous.
Soldex will be able solve problems such as slow transactions and high fees by leveraging the Solana environment’s flexibility and efficiency.
Soldex allows users to make fast, inexpensive, and effective transactions.
Automated trading
With Soldex’s automated trading feature, users would be able to trade 24/7, in all market conditions, without the danger of human error.
Many crypto investors, particularly newbies, trade crypto assets. It is a volatile and emotionally charged business.
Soldex Protocol aims to reduce this risk. It offers users AI-powered algorithms that have been created by experienced traders.
With machine learning, traders could design and choose trading bots based on criteria such as risk tolerance, volatility, budget, cryptocurrency pairs, margin, or timeframe.
The protocol’s neural network algorithm will evaluate market data, make intelligent predictions on market risks and trade assets on traders’ behalf. The protocol will keep improving its capabilities, based on the trading history and data it has collected.
The following features will be available on Soldex trading robots:
- market data analysis
- market risk prediction
- Trade assets
Soldex also offers educational tools for users, which would make it easier to trade with both experienced and novice traders.
The educational tools allow experienced traders to build their own trading bots and offer them to novice traders for a commission.
A variety of educational tools will be available for new users to help guide them in using their AI-powered bot.
Friendly interface
Soldex’s goal is to make a DEX that allows for easy navigation and users-friendliness. This ensures liquidity and increased swaps as well as real-time transactions and deposits.
Soldex is a diverse team with a variety of experience. They have also noticed the problems faced by DEXs and are determined to fix them all.
What is Solana? What’s so interesting about the Solana ecosystem?
Soldex understands that crypto must scale quickly and remain neutral in order to be widely accepted. Building on a blockchain where transactions cost over $30 and last several minutes before completion wouldn’t achieve this needed scalability.
Solana, however, is the ideal blockchain to support next-generation DEXs that are looking for scale.
Solana is capable of achieving mass adoption thanks to its innovative proof-of-history mechanism and other technological innovations.
Solana boasts 65,000 transactions per second (TPS); these numbers make Ethereum’s meagre 15 TPS look non-existent.
Also, Solana’s average rate of $0.00001 per transaction is negligible compared to the high gas fees of the Ethereum blockchain.
Solana is also blessed with an impressive infrastructure, built using smart contracts and Blockchain oracles. The Solana infrastructure could be leveraged to create protocols that would make trading easy, quick and intuitive for users. However, their platform is fully decentralized.
Soldex Latest Partnerships
Larix – the first metaverse based finance protocol on the Solana ecosystem. Larix has recently been partnered by Soldex.
Larix supports LP mortgage lending using auto-compounding. Solana is the only protocol that supports LP mortgage lending with auto-compounding!
These two protocols can work in sync through this partnership.
Larix is the top Solana borrowing and lending protocol.
It created capital-efficient risk management pool that allows for the safe use of a large variety of collateral types.
Laris uses a dynamic interest-rate model.
Larix is the first lending project on Solana that has been audited and reviewed by SlowMist – the well-known and reputable smart contract auditor.
It’s also the first lending protocol that supports live mining. It’s also the first lending protocol Open-Sourced on Solana.
This collaboration between Soldex & Larix will help Soldex gain more attention and wilder recognition on the market.
You need to be aware of these things:
On 11 January at 12pm CET, there will be an AMA for Soldex members. More information about the partnership will be disclosed during this AMA.
You can find more info about Soldex at:
https://soldex.ai/ (Website)
https://t.me/Soldexai (Telegram)
https://twitter.com/soldexai (Twitter)
https://www.facebook.com/Soldex-102189735463890/ (Facebook)
https://medium.com/@soldex (Medium)
Visit the site to learn more and join the social media team.
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