The reason why people do not trade on them or do not lend them their liquidity lies in the high gas costs associated with doing so. The problems currently plaguing today’s DEXes are, for the most part, not caused by any technology issues specific to the platforms themselves. Run by a Decentralised Autonomous Organization (DAO) - truly democratic and open to all.Liquidity mining 2.0 - sustainable KDX rewards emission.
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Fair token launch - no Venture Capital investors (VCs) involved with fair distribution. Infinitely scalable - able to meet any future throughput demand. PoW security - made stronger with braided chains. Lightning-fast trades - on a Layer-1 blockchain. No gas prioritization for trades - no mempool queues. No gas costs - subsidized by Kaddex through gas stations. To understand the depth of what Kaddex achieves, we must first understand the shortcomings of the current DeFi ecosystem.Īt a high level, Kadena’s multi-chain driven scalability with Kaddex gas stations means: Kaddex’s innovation is defined by the juxtaposition of the current state of DeFi by the costs and trade-offs accepted by its users. This allows the community to steer the development of the platform, achieving a collective vision, while also incentivising participation in certain pairs, and therefore improving the overall users swapping experience.Īll together, these technologies create a DEX and a DeFi tool suite that is positioned to not only support the Kadena ecosystem, but to create DeFi in the way it was supposed to be: open to all, community owned, simple to use and cheap to participate in. This enables Kaddex to deliver a gas-free liquidity pooling and trading experience while also allowing for novel approaches to liquidity provisioning and slippage controls.īesides the technical advantages brought to DeFi, Kaddex introduces its utility token - KDX - to establish true democracy and community ownership of Kaddex’s ecosystem and to implement the first financially sustainable Liquidity Mining programme. Kadena also offers the paradigm-changing ability to offload gas payments to a third party via gas stations. 
Through the power of Kadena’s braided chain framework, the possibility of Miner Extracted Value (MEV), frontrunning and gas auctions is all greatly reduced, ensuring faster and cheaper transactions in the process, while being settled by the globalized security that only PoW can provide. Kaddex achieves exactly this by building the first DEX built upon Kadena, the first truly scalable Proof-of-Work (PoW) layer-1 blockchain network and utilizing the same Automated Market Maker (AMM) model as Uniswap. In order to ensure a truly open marketplace which anyone can participate in - the ultimate Decentralised Finance (DeFi) promise - a solution must be created to lower financial barriers of entry and to reduce inefficiencies that are detrimental to traders. This issue limits users that want to partake in trading and providing liquidity to those with financial or technical ability. In this day and age, all Decentralised Exchanges (DEXes) suffer from the same lack of usability, driven by gas costs and vulnerability of protocols.
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