3 DEX That Every Investor Should Know About – Uniswap, Pancakeswap, & Calyx Token
Over the past year, Decentralized Finance (DeFi) has skyrocketed in popularity and is now one of the most talked-about products in the crypto space. The DeFi movement is all about building financial products that champion decentralization. One particular feature of any DeFi product in the market is it usually offers lucrative incentives that are too hard to ignore. Once investors find out about these incentives, they immediately join in on the action.
DeFi products are pretty different and solve different problems. The popular ones are lending protocols that allow users to borrow cryptocurrency instantly and often in large amounts, as long as the user can prove the ability to pay back the loan immediately. Furthermore, users can gain interest from lending out crypto on these platforms.
Then there are decentralized exchange platforms where users can trade tokens or earn money by adding liquidity to that token’s market. Uniswap (UNI), PancakeSwap (CAKE), and Calyx Token (CLX) are the top three exchange platforms every investor should know about in 2022. Here’s why.
Uniswap (UNI) is a decentralized exchange or DEX that lets users trade any Ethereum-based token (Erc-20). Like many other DEX, Uniswap (UNI) aims to solve the problem of a centralized exchange, such as the risk of hacking, mismanagement, and arbitrary fees.
A massive feature of Uniswap (UNI) is Concentrated Liquidity. Liquidity providers can concentrate their liquidity by assigning a price range to it. This gives liquidity providers more significant control over the price range in which their capital is used and improves the liquidity pool’s capital efficiency.
UNI is the native cryptocurrency of the Uniswap platform and its governance token. Ownership of UNI gives holders the right to vote on new developments on the platform, such as mint token distribution and changes to the fee structure.
PancakeSwap (CAKE) is a decentralized exchange (DEX) that runs on the Binance Smart Chain network. It allows users to trade Binance coin (BNB) and many other Bep-20 tokens without relying on centralized services.
PancakeSwap (CAKE) users enjoy loads of benefits, such as extremely low transaction fees and rapid confirmation times. The DEX is partially governed by holders of its native utility, CAKE. In addition, CAKE holders enjoy the DEXs secondary features such as yield farms and syrup pools.
Calyx Token (CLX)
The entire DeFi ecosystem comprises various non-custodial products generally built around a culture of highly experimental, highly lucrative crypto projects that are already on the bucket lists of top companies and venture capitalists. The goal of the ecosystem is to replace centralized intermediaries in financial applications such as loans and insurance with decentralized non-custodial products.
Calyx Token (CLX) is a DeFi exchange platform designed to address the current limitations of DeFi. It is a multi-chain platform that offers liquidity sourcing and crypto trading to its users.
As a decentralized exchange (DEX), Calyx Token (CLX) provides never seen features for its users. The platform is on course to redefine DeFi like never before. It is permissionless, meaning anyone can become a liquidity provider (LP) or create a liquidity pool by contributing an equivalent amount of underlying tokens in exchange for LP tokens.
Furthermore, the DEX provides access to aggregate liquidity from multiple liquidity sources and allows traders to leverage the best rates for any token swap on any supported blockchain network. Ethereum (ETH), Polygon (MATIC), Binance Smart Contract (BSC), and Fantom(FTM) are all supported.
According to its roadmap, the Calyx Token (CLX) will launch soon. The presale is still ongoing, and you can register using the link below:-