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iain | veax
@DayTrader888
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CGO @veaxlabs I DEX I Building DeFi on @nearprotocol | MAYC | Rekt | Degen Distillery | @UKApeClub
London, England
Joined February 2011
🧵What's Veax? by @veaxlabs Veax is a decentralized exchange (DEX) built on the @NEARProtocol and complies with the NEP-141 standard for automated market makers (AMMs). It lets you swap tokens and put liquidity into exchange pools to collect swap fees. Our mission is to improve #DEX capital efficiency by maximizing profit per provided liquidity and minimizing fees paid by a trader. We can achieve this through the introduction of two core features: ✔️Concentrated Liquidity ✔️Multiple Fee Levels. 👀Concentrated Liquidity: The Concentrated Liquidity feature lets liquidity providers (LPs) concentrate their liquidity in a certain price range. LPs earn fees when their liquidity is swapped with a trader's tokens by a specific price. When LPs add their liquidity to a pool, they can set a specific price range within which their liquidity can be used for swaps. By concentrating liquidity within this range, LPs can make a higher profit with the same amount of liquidity as they use in traditional DEX’s 💰Multiple Fee Levels: When creating a pool or adding liquidity to an existing one, the Multiple Fee Levels feature enables the balance between fees earned by LPs and the swap price paid by traders. The feature lets LPs specify the fee they want traders to pay when conducting a swap. The smart contract checks the available liquidity on all fee levels, compares prices, and calculates the best one for a trader. LPs can set different fee levels for different price ranges, which can help to optimize the LP's profit and minimize slippage for traders. 💻Visit the website and launch the dApp for all information 👇
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@CryptoGarga I wouldn’t think about it too hard, 99% of CT don’t , and therein lies the problem
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RT @hodldogshit: 🐾A late GM The Near meme community are exiting Do the opposite 🐾trust it 🐶💩💰💯
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RT @alex_scharrer: Earlier this week, I attended the Frankfurt „forum for digital assets“ together with private banks, family offices, and…
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Be in control , especially with your $nBTC 👀
$nBTC permissionless & concentrated, capital efficient liquidity pool is now available on Veax (the other #DEX on @NEARProtocol) Docs: how to add liquidity , set your own fees , be in control .
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RT @veaxlabs: $nBTC permissionless & concentrated, capital efficient liquidity pool is now available on Veax (the other #DEX on @NEARProtoc…
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RT @veaxlabs: @Xy63ry0rx @finance_ref You make a good point and we are considering adding liquidity and have reached out to team as we alwa…
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RT @veaxlabs: When markets are a bit choppy in a range or just seemingly quiet, then get your crypto working to generate fees and yield in…
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RT @hodldogshit: 🐾When you realise non-believers are gone & $DOGSHIT is up 500% and you didn’t sell because you knew the vibes were immacul…
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