Functions of EdaFace Dex

Posted on 2024-08-01

The functions of EdaFace Dex include the following:


(1). Listing Functions

(a). Listing digital assets

EdaFace Dex has a platform for listing digital assets and exchanges.


(b). Verification of Assets

Before any digital asset or exchange is listed on EdaFace, it will have to be verified by EdaFace Verification Asset Centre (VAC).


(2). Trading Functions

(a). Spot Trading

EdaFace Dex offers decentralized spot trading with intuitive, interactive order book-like statistics known as Graphical Book.


(b). Derivatives Trading

EdaFace Dex offers all the various forms of derivatives trading – futures, options, and synthetics. Derivatives trading is one of the key functions of EdaFace Dex.


(c). Lending Services

EdaFace Liquidity powers its lending services, which fuels its derivatives trading.


(d). Bridging


(e). Liquidity Supply

Liquidity Supply for the all the trading functions (swapping, derivatives trading, lending, and bridging) will be by Automated Maket Maker (AMM).


(3). Earning Functions

(a). Yield Farming

EdaFace Dex also offers yield farming with liquidity mining as an essential component.

The primary token for farm reward is Eda Coin.


(b). Pond Staking

EdaFace Dex has ponds for staking various crypto assets.

The primary token for Pond yielding reward is Eda Coin.

Other secondary rewards will be developed in due course.


(4). NFT Functions

(a). NFT Marketplace

(b). NFT Staking


Construction Deadline

EdaFace is still being developed. The testing and mainnet deployment of EdaFace Dex are expected to occur by December 2024.


Once in its mainnet, EdaFace Dex can be accessed here: https://dex.edaface.com/.


Meanwhile, you can follow up with its development at EdaFace Forum (https://forum.edaface.com/).

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