AarmaDEX

AarmaChain has a native decentralized exchange (AarmaDEX) for swapping assets and serving as a hub for decentralized financing.

AarmaChain has a native decentralized exchange (AarmaDEX) for swapping assets and serving as a hub for decentralized financing. It is necessary for every blockchain ecosystem to have a decentralized exchange that fuels the financing activity.

What are the Decentralized Exchanges

Decentralized exchanges (DEXs) use smart contracts for enabling cryptocurrency trading while extracting every intermediary and need for KYC. While using a DEX, users keep control of their assets and crypto wallets unlike traditional crypto exchanges where both are managed by the trading service provider.

AarmaDEX

AarmaDEX is the native decentralized exchange on Armachain. It enables a wide range of assets on AarmaChain to be swapped, staked and farmed in the DeFi ecosystem. As a native exchange on the Aarmachain blockchain, AarmaDEX benefits from seamless integration with other Armachain services and protocols. It allows for efficient asset transfers and interoperability within the ecosystem applications.

Features of AarmaDEX

Decentralized: AARMADEX operates on a decentralized network, which means that trades are executed directly between users' wallets without the need for a central authority. This ensures security and eliminates the risk of single points of failure.

Non-Custodial: Users retain control of their assets at all times. AarmaDEX does not hold users' funds, reducing the risk of hacks or theft.

User-Friendly Interface: AARMADEX offers an intuitive and user-friendly interface designed to facilitate easy navigation and trading for both novice and experienced users.

Secure: Built with robust security features, AarmaDEX employs cryptographic techniques to secure transactions and protect users' sensitive information.

Cost-efficient: AarmaDEX implements a fee structure that is competitive and transparent, ensuring that users benefit from cost-effective trading.

Cross-Chain Compatibility: AarmaDEX supports cross-chain compatibility, enabling users to trade assets across different blockchains seamlessly.

Components of AarmaDEX:

Liquidity Pools: AarmaDEX facilitates liquidity provision through liquidity pools, allowing users to earn rewards by providing liquidity to the platform. It consists of liquidity for two or more crypto assets, stored using the smart contract functionality.

Crypto Wallet: A non-custodial crypto wallet that allows users to connect to the DEX and transfer assets. While interacting with the DEX, the wallet will be used to execute swapping orders and enabling a variety of activities such as staking, liquidity mining and farming.

Smart Contracts: Smart contracts allows to automate transactions between liquidity pools, trading engines and user wallets. It functionalizes sending and receiving assets from user wallets and liquidity pools while having pre-transaction approval.