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evodex

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News

Hedge Funds Reduce Long Positions in Ethereum

Hedge Funds Reduce Long Positions in Ethereum

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Recent data indicates that hedge funds have significantly reduced their long positions in Ethereum, contributing to selling pressure in the market.
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Leo van der Veen

USDTWD Exchange Rate Consolidation Near 32 Level Amid Economic Shifts

USDTWD Exchange Rate Consolidation Near 32 Level Amid Economic Shifts

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The USDTWD currency pair shows a consolidation bias around the critical 32 level amid Taiwan's economic shifts.
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Li Weicheng

Jed McCaleb Redirects $1 Billion from XRP to AGI Investment

Jed McCaleb Redirects $1 Billion from XRP to AGI Investment

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Jed McCaleb redirects $1 billion from his XRP fortune to invest in Artificial General Intelligence (AGI), aiming to build an AI system inspired by the human brain.
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Tenzin Dorje

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.