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evodex

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News

Peter Schiff Warns Bitcoin May Be Topping Out Ahead of Fed Meeting

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Peter Schiff warns that Bitcoin may be reaching its peak as traders await a Federal Reserve decision, noting a loss of momentum despite gold and silver performing well.

Wei Zhang

Geopolitical Tensions Rise in Venezuela Amid US Strikes

Geopolitical Tensions Rise in Venezuela Amid US Strikes

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Geopolitical turmoil is escalating in Venezuela as the US has conducted two strikes on vessels allegedly linked to Venezuelan drug trafficking, resulting in multiple casualties and increased tensions.

Rajesh Kumar

BRICS Nations to Maintain Oil Imports from Russia Amid US Sanctions

BRICS Nations to Maintain Oil Imports from Russia Amid US Sanctions

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BRICS nations, especially India and China, are likely to maintain and possibly increase oil imports from Russia despite US sanctions, benefiting from competitive prices and solidifying trade relationships.

Lucas Weissmann

What is evodex?

Evodex is a joint contribution to the EOS DE-FI ecosystem by two Block Producers.

The smart contract was created by EOS Argentina and it allows anyone to launch and interact with continuous liquidity pools in a decentralized exchange. The front-end and web interface was provided by EOS Costa Rica as a bridge to access the Evolution Dex Protocol. With this contribution both teams wish to help foster the growth of Decentralized Finance on EOS, a blockchain that has the best capabilities to run complex systems due to its transaction capacity and fee-less model.

Evodex facilitates the decentralization of exchanges and promotes the use of EOS for financial instruments. The project is completely open source and free for any developers who wish to integrate it to their front end. In this way different exchanges can share the same liquidity and contribute to the growth of the protocol.

The main difference from say Uniswap on Ethereum, is that liquidity providers can vote for the fees they want to charge using a smart contract that calculates the fees proportional to the stake of every participant of the pool.

Another difference between EVODEX and UNISWAP comes from the different blockchains where they both operate, traders only pay fees to liquidity providers, but they don't have to pay transfer fees like in Ethereum and other networks.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.