Dexpools and RelayChain announce exclusive bridging collaboration — Dexpools
The Dexpools team is proud to announce that the Dexpools P2P OTC platform will be utilizing RelayChain for all cross chain bridge transfers. The Dexpools platform and DXP token will exist on multiple networks and RelayChain will be integrated to facilitate token mobility.
Dexpools is a decentralized, peer-to-peer, OTC, trading platform. Individual buyers and sellers are able to create trade offers bound to specific wallets and execute a trade via smart contracts. There is no need for an escrow custodian or trusted third party in the process. Both buyers and sellers can set up swaps with literally zero slippage or price impact on low liquidity markets. The only cost to use the platform is a low transaction fee for both trading parties. This is a welcome change compared to the high slippage (sometimes double digit percentages) often seen on AMMs with low liquidity pairs. Traders will be able to access a seamless experience in an open marketplace with literally thousands of token pairs.
Dexpools aims to partner with decentralized exchanges, IDO launchpads, crypto hedge funds, “average Joes”, and any other groups that can benefit from trading without slippage or price impact. This is a game changer in DeFi trading and will become an essential part of the ecosystem.
The Dexpools IDO will be launching via the Solarbeam launchpad, Eclipse on December 14th, 2021. Be sure to secure your SOLAR tokens to access a tier to obtain your share of DXP. The DXP token utility is much more than just governance — token holders will earn a share of the trading fees proportional to their staked holdings.
RelayChain enables fast, secure and low cost cross-chain token transfers between the world’s leading blockchains. The platform offers Bridging as a Service (BaaS) to partner networks and dApps wishing to expand their footprint beyond a single chain. RelayChain currently supports bridges between any combination of Cronos, Harmony, Moonriver, IoTeX, Ethereum, Polygon, Binance Smart Chain, Fantom, Avalanche, Shiden and HECO. Multiple popular networks will be added in the near future. A unique feature of RelayChain is that once a token exists on our platform, it can be bridged to any other EVM in our list of networks. This can be done in one step without needing to return to the parent chain first. This represents a major feature of speed and convenience for all of the users. The RELAY token holds high utility as it will be used to reward stakers with a share of the native gas tokens collected from bridging fees. It’s a deflationary token; the more transactions that occur, the more RELAY is bought back and burned. RelayChain can quickly enable any project’s tokens to be bridged at no cost to the project.
The partnership is an outstanding match as both Dexpools and RelayChain represent groundbreaking services in DeFi. Dexpools will launch on Moonriver, but the trading platform itself will also launch on Avalanche and Ethereum. Several chains including Polygon and BSC will be added by early 2022, and transfer of DXP across chains will be facilitated by RelayChain.
The race to bridge DeFi is over with RelayChain. Conduct nearly instant cross-chain transfers between any combination of Ethereum, BSC, Avalanche, Polygon, Cronos, Moonriver, Harmony, IoTeX, Shiden, HECO, Fantom and many more to come! Become a partner with the most interconnected name in DeFi and secure tour bridge benefits early!
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DEXPOOLS is a decentralized, peer to peer (P2P) OTC DeFi platform. Individual buyers and sellers are able to create trade offers bound to specific wallets and execute a trade via smart contracts. There is no need for an escrow custodian or any trusted third party in the process.
Both buyers and sellers can set up swaps with literally zero slippage or impact on low liquidity markets. The only cost to use the platform is a low transaction fee for both trading parties vs the high slippage seen on most DEXs which can at times exceed 20–30%.
Our Whitepaper: Dexpools P2P OTC crypto brokerage platform Whitepaper
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Originally published at https://dexpools.com.