Nowadays, no one is surprised by the appearance of a new DEX. But DEXADA is something unique that the crypto community has been waiting for. DEXADA was created to combine two blockchains: Everscale and Cardano. Thanks to this, you can easily take advantage of the two networks’ benefits. The platform is based on the Everscale blockchain.
Now, any DeFi-projects in these blockchains are available to every EVER or ADA coin holder. To transfer coins from one network to another, you need to use the AdaEver bridge.
DEXADA opened its doors in May 2022 and is now in its early stages of development. The DEX’s features include multi-farming, cross-network liquidity swaps, a token builder, and multisig support.
DEXADA’s token is EVA.
With EVA, you can participate in a unique farming program in the WEVER/EVA pair with a yield of 116% per annum. Farming in the ADA/WEVER pair is also available, where the yield is 132%.
DEXADA’s tokenomics
Decentralized autonomous organization (DAO)
The entire Everscale blockchain is one big DAO, and DEXADA also takes this route. Before long, it is planned to add the possibility to vote with the EVA token, which multiplies its value and the value of the whole project.
An example of a successful DAO on a decentralized exchange is another Broxus team project, FlatQube, with its QUBE token. Last month, FlatQube’s TVL reached $75 million.
DEXADA supports three languages: Japanese, Korean, and English. Owing to the fact that this DEX is built on the Everscale blockchain, it differs from other platforms by its high transaction speed, low fees, and stability, which is so lacking nowadays.
The exchange provides the ability to trade six coins, which include ADA and wrapped Bitcoin and Ethereum. You can view the code for the exchange on the Broxus team’s Github.
To sum up
For the crypto community, it is becoming evident that we are currently going through a bear market stage. After the UST token and LUNA crash, liquidity flow is draining from loan protocols, and the community and funds are on the brink of liquidation. It’s up to everyone to choose the right strategy and keep their portfolio on a healthy level.
One of these strategies can be liquidity mining. DEXADA gives you the opportunity to not only recover your crypto assets, but also to multiply them. Be aware of impermanent risks and losses, and choose the best investment strategy to stay in the crypto market and be a part of early adopters of the Eversale ecosystem and crypto in general.
We are waiting for you in our special farming program, timed to coincide with the opening of the cross-chain exchange DEXADA.
