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Cryptoknowmics 2022-03-15 16:58:57

MyTrade: Next-generation DEX With the Looks and Feels of a Centralized Exchange

It’s a generally accepted opinion that the user experience on Centralized Exchanges is better than that of Decentralized Exchanges (DEXs). This poor user experience is caused mainly by the bad user interfaces of many projects in the DeFi space. Users find it difficult to manoeuvre these platforms and it has discouraged a lot of people from fully adopting DeFi as their chosen means of carrying out financial transactions. One decentralized exchange that is intentionally being different from the rest is the MyTrade exchange. This is a next-generation DEX that has the looks and feels of a centralized exchange. Traders will get the best possible priceMyTrades from a wide variety of quality tradable assets on the platform and Makers will enjoy 0% trading fees. The MyTrade platform features an Order Book and an Automated Market Maker (AMM). This resulted in the rise of Integrated Liquidity (a new term coined by the platform), which is the combined total liquidity from both the AMM liquidity pool and order book. MyTrade Labs and First $10M Fund Supported by Rawtech Ventures as the biggest LP, MyTrade is Announcing the launch of the MyTrade Labs with its first $10 million funds in March 2022. Over the next 3 years, this fund will be invested actively in the blockchain ecosystem. The MyTrade Labs will have two arms: An Investment Arm — This will strategically invest in innovative projects being built across EVM-compatible chains R&D Arm...

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