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evodex

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News

Metaplanet Strengthens Bitcoin Holdings with New Acquisition

Metaplanet Strengthens Bitcoin Holdings with New Acquisition

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Metaplanet has recently acquired an additional 5,075 Bitcoin, further solidifying its position as one of the largest publicly listed Bitcoin holders in the world.
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Lucas Weissmann

Jamie Dimon Addresses AI's Impact on Jobs in Shareholder Letter

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Jamie Dimon addresses the impact of AI on jobs, acknowledging potential job losses while highlighting new opportunities in cybersecurity and AI development.
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Filippo Romano

Bitcoin's 666,666th Block Sparks Curiosity with Biblical Message

Bitcoin's 666,666th Block Sparks Curiosity with Biblical Message

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The Bitcoin community is buzzing over the 666,666th block mined on January 18, 2021, by BTCcom, which contains a biblical message referencing Romans 12:21.
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Emily Carter

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.