MAIAR EXCHANGE: HARNESSING THE POTENTIALS OF AMM(AUTOMATED MARKET MARKER) USING THE ELROND NETWORK
AMM in full literally stands for " Automated Market Marker" the concept of this market is to basically provide a working or streamlined process whereby individuals can provide liquidity to the exchange in which it operates in through a trading process that is fully automated. While making all these realistic, the full concept of liquidity is however fully adhered to. The concept which fully revolves around the conversion of an asset or security into ready cash without alteration of it's current market price.
In an AMM based decentralised exchange, users or individuals provide liquidity while also earning passive incomes in return based on certain factors ranging from deposit of trading fees, percentage of liquidity provided etc. There are in existence few platforms or projects which supports the general concept of AMM but the most exceptional been the MAIAR EXCHANGE platform
THE MAIAR EXCHANGE PLATFORM
The Maiar exchange platform, is a platform whose general concept dwells on the concept of AMM which i explained earlier as been an automated market marker. Maiar exchange is also a decentralised exchange. The platform basically runs or better still is developed on the elrond network.
Elrond Network: The elrond nwtwork is a network developed to usher a rethink or another perspective to the already known public blockchain infrastructure. It is specially developed to be fully secured, efficient, scalable as well as highly interoperable.
The maiar exchange aims to build a product which will fully leverage on the entire performance of the general elrond network architecture inorder to offer a global, inexpensive and almost instantaneous transaction amongsts other processes.
FEATURES OF THE MAIAR EXCHANGE
As an exchange platform, the maiar exchange will therefore posses certain features which will not only make it stand out but will also equip it with tools to make it thrive in the general crypto ecosystem and the include;
SWAP: As the term implies, users will be basically privileged to swap an amount of token they own to another token entirely while using special mathematical formulas to carry out the task.
LIQUIDITY: As earlier explained liquidity involves the interchange of assets without altering their price. The liquidity stage on the maiar exchange can only be accessed only if users have successfully swapped the coins or tokens they will like to provide liquidity for. The individuals who provides this liquidity are however rewarded whereby many factors are concidered in terms of deciding the amount of reward due to them.
FARMS: After providing liquidity, users are expected to farm whereby the staked LP tokens generate yields for the liquidity providers. Thus the more liquidity provided by a user or individual the more the yields thus its " A BATTLE OF YIELDS" in regarded to amount of liquidity provided. But however the rewrd for the farming on the maiar exchange platform is provided in the form of the native token of the maiar platform which is the MEX token.
THE BATTLE OF YIELDS TESTING EVENT
The general aim of the battle of yields testing event is to give all believers of the maiar exchange platform a glimpse of what is to come on the platform. As the results generated from this event can help play a role in the platform taking decisions that will help move the platform forward. Also there is a reward for all participants of the testing process who in the end will provide results in certain key areas mapped out by the platform.
THE MEX TOKEN
The MEX token is the native token of the maiar exchange platform. The mex token will basically be required for the full governance of the maiar decentralised platform. It will act as a fuel for all important decision making processes on the platform amongst other uses too.
FOR MORE INFORMATION
Battle of Yields: https://elrond.com/blog/battle-of-yields-announcement/
Maiar DEX Testnet: https://testnet.maiar.exchange/
About Maiar: https://docs.maiar.exchange/
Telegram: https://t.me/MaiarExchange
Facebook: https://www.facebook.com/ElrondNetwork/
About Elrond: https://docs.elrond.com/welcome/welcome-to-elrond/