Balancer

by Balancer Labs

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DODO Exchange

by DODO

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Newdex

by Newdex

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Balancer

by Balancer Labs

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DODO Exchange

by DODO

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Newdex

by Newdex

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What problem does this service solve?

Balancer is designed to maximize liquidity within a decentralized exchange.DODO aim to provide greater on-chain liquidity and reduce impermanent loss compared to AMM exchange protocols.Newdex hopes to allow users to trade a variety of cryptocurrencies, with faster transaction times.

Token Stats

Not Relevant

Company Description

The Balancer cryptocurrency is the reward token that fuels the Balancer market maker protocol. The Balancer protocol serves as a liquidity provider and a non-custodial portfolio manager. Unlike other automatic market maker protocols, such as Uniswap, Balancer is designed to provide a general solution that can be customized for a variety of trading pools with different distributions. It uses smart order routing to send trades to trading pools with the best rates available, and rewards traders by paying them a fee for increasing the liquidity of these pools.

The DODO exchange allows users to trade Crypto through a liquidity protocol that is powered by their Proactive Market Maker (PMM) algorithm. It is an oracle-aided algorithm with an advanced pricing formula that provides contract-fillable liquidity, designed to maximize efficiency and reduced price slippage compared to decentralized exchanges that use an automated market maker (AMM) model. Another relative advantage of the DODO exchange is that it give liquidity providers greater flexibility.

Newdex is the first EOS based decentralized exchange. It's built on the EOS main chain and uses an off-chain matching mechanism to pair buyers and sellers. Newdex was hacked in September 2018, and lost around $58,000 worth of cryptocurrencies. Trading fees are 0.1%.

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