Place/Date: Dublin, Ireland - December 5th, 2021 at 1:57 pm UTC · 2 min read
Contact: Raven, Source: Ravendex Labs
Ravendex primarily ranks to be the first non-custodial decentralized exchange and Launchpad powered by the Cardano Blockchain.
It features four multi-function liquidity pools which are as mentioned below:
APY rates were initially lower than other lending platforms on various blockchains, such as AAVE on Ethereum. Due to Cardano Blockchains speed and low transaction costs, the utilization of borrowed funds and overall returns to investors were greater and more efficient than other networks.
Soon, the much-anticipated decentralized automated market maker system, RavenDex, will be available for trading. This means an investor can transfer tokens across blockchains without a third party, like an exchange.
RavenDex’s decentralized asset exchange utilizes HTLC technology. The protocol ensures the exchange if everyone agrees. On the other hand, those who do not complete the operation will be refunded.
As revealed by Ravendex, $RAVE holders may stake their tokens to receive $RAVE rewards via a simple web interface. Ravendex will debut its staking platform sooner than anticipated. Thus, making Ravendex a more lucrative platform for early adopters.
With a Non-Fungible Token Staking Protocol, Ravers may stake their rare digital collectibles and earn reward points. WHEN LAUNCHED, $RAVE token holders may use the staking platform to earn up to 25% more.
Each cycle, the stake is determined by the quantity of $RAVE allocated. Holding $RAVE allows investors to give liquidity to DEX projects and earn a share of the fees. Similar to staking.
Ravendex is one of the first applications in the Cardano Ecosystem to use the newly announced Alonzo Hard Fork upgrade, which allows smart contracts to deposit assets and receive interest according to pre-defined parameters.