KX.finance announces upcoming launch of DeFi/DEX aggregator on APTOS/SUI blockchain
The KX.finance team is proud to announce the upcoming launch of their new Aptos/Sui based DeFi/DEX tool and aggregator with aggregation capabilities.
According to LitePaper from the official website, this innovative new product will offer aggregation capabilities and solve three pain points for existing DEX and Aggregators:
- For end users: They can earn crypto in multiple x-to-earn ways and have fun with multiple DeFi games just like PancakeSwap.
- For Liquidity Providers (LP): They can get more capital use efficiency and lower costs
- For all users: They plan to provide more “old” tradable assets to APTOS/SUI users with bridge and new asset types.
The company aims to expand its user base. On the consumer side, they have moved certain PancakeSwap-like games to the Aptos and Sui ecosystem. The product looks more attractive to potential customers with the increased investment of Binance Labs in Aptos.
Now users of KX.finance’s exchange will be able to earn and spend KX tokens through a variety of in-game actions.
KX.finance is committed to providing its consumers with a more comprehensive trading experience. In addition, it aims to improve the services offered to liquidity providers through its platform. In the EVM ecosystem, Uniswap has done perfect swap work on it, with some EVM limits. Now APTOS & SUI MoveVM Runtime has some amazing features that support KX.finance and can do more complex things like:
- Improve the efficiency of capital use the v2 way.
- Costs down, reduce the time and fee expenses associated with changing positions in a v3 way, KX.finance comes with a new rebalancing liquidity redistribution algorithm.
The aim is to simplify and streamline LP’s participation, increase the liquidity providers’ capital use efficiency and reduce the costs of time, handling and human management.
In addition, the product roadmap is being expanded to include more blockchain resources and DeFi solutions. By using existing cross-chain bridges or creating their own, they expect to facilitate asset trades. First, they will establish a connection between DeFi and assets on the BSC/ETH blockchain of KX.finance through the Bridge so that they can perform cross-chain transactions based on the extremely high TPS blockchain.
In addition to the EIP-3525 and SFT concept funds currently under development, the plan is to add even more asset classes for trading. Due to the qualitative nature of NFTs, it can be difficult to evaluate and trade NFT assets in bulk based on quantity alone.
Due to the qualitative nature of NFTs, it can be difficult to evaluate and trade NFT assets in bulk based on quantity alone. To improve the liquidity of NFT assets held by end users, KX.finance wants to facilitate SFT transactions on DEX. Naturally, LP NFT assets held by LPs can also be pledged through borrowed or otherwise available money.
Overall, Aptos/Sui have made significant contributions to Layer 1 innovation, and KX.finance is well positioned to develop the next generation of DeFi/DEX aggregators based on their great work.
What is KX.finance?
KX.finance is an upcoming DeFi/DEX Aggregator that will be built on the Aptos/Sui blockchain to help launch projects as well as manage returns for users of the platform. The product rebalances the algorithm by providing LP with a deeper liquidity service infrastructure than other products on the Aptos/Sui blockchain ecosystem. It does this by supporting new types of EIP-3525 and SFT asset transactions and cross-chain transactions, thereby creating a safe, liquid digital asset economy for users and LP partners.
The platform allows users to get more KX tokens in x-to-earn ways, liquidity providers can earn more trading fees via an optimized rebalancing algorithm, and of course the ability to trade almost any asset with a single DEX.
To learn more about KX.finance, visit:
Website: https://www.kx.finance
Twitter: https://twitter.com/kxfinance
Disagreement: https://discord.com/invite/kkGQhbmtD9
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