On March 25, the Kadena blockchain welcomed its newest addition: Bro-DEX, the first decentralized exchange using an order-book model. This marks a significant step forward in the platform's mission to deliver secure and innovative solutions.
What is Bro-DEX?
Bro-DEX operates on an order-book model, providing precision and control to users. Unlike AMM-based DEXs, Bro-DEX eliminates maker fees, attracting liquidity providers to the platform.
Kadena: The Perfect Home for Bro-DEX
Kadena's blockchain is ideal for Bro-DEX with its Chainweb architecture, handling up to 480,000 transactions per second. The Pact smart contract language offers reliability and security, crucial for a DEX.
Why Order-Book DEXs Matter
Order-book DEXs like Bro-DEX address issues of AMM models, such as slippage and impermanent loss, by offering a traditional and controlled trading experience. This aligns with Kadena’s vision to bridge blockchain and real-world utility.
The launch of Bro-DEX underscores Kadena's capability to support cutting-edge financial tools. The new DEX provides users with an opportunity to leverage a blockchain that combines Bitcoin’s security with Ethereum-like functionality.
