This DEX functions as public infrastructure for an ecosystem – AMA with Crescent
The DeFi space, a dynamic branch of the blockchain industry, continues to grow and develop despite the bearish conditions of 2022. Revolutionary DEXs are transforming the crypto trading scene, and decentralized solutions are increasingly finding their way into the traditional economic space.
However, the DeFi ecosystem still faces various challenges due to the early stages of its development. These include liquidity inefficiencies, security concerns and regulatory uncertainty. The key to solving these problems lies in the creation of trading platforms that offer extensive pools of liquidity, allowing you to make trades efficiently and quickly.
Better access to liquidity and public goods with Crescent
Crescent Network is a decentralized exchange platform that allows users to trade digital assets without permission and trust. What sets Crescent apart from other DEXs is its unique architecture, which offers fast and secure transactions, low transaction fees, and high liquidity through a hybrid order book and AMM model. In addition, Crescent offers an intuitive user interface that makes it easy for users to navigate and execute trades.
Originally built on the Cosmos Hub as the Gravity DEX, Crescent has recently moved to its own network known as the Crescent Network. The move was primarily aimed at improving the performance and scalability of the network while maintaining the same level of security and decentralization, as well as providing the Cosmos ecosystem with a liquidity incubation solution as a public infrastructure.
One of the biggest issues in the DeFi space is liquidity inefficiency, where traders find it difficult to buy and sell digital assets due to a lack of liquidity. This is where Crescent focused on delivering solutions. Offering an automated market-making algorithm that ensures sufficient liquidity in the market at all times, the Crescent trading suite of products creates a secure DeFi space for traders. While this method has been tried and tested, Crescent also addresses the sustainability issue by merging the order book with AMM, allowing for a robust method of providing liquidity.
To prevent fraud and manipulation on the platform, Crescent has implemented several measures, including an advanced monitoring system that detects and flags suspicious activity. In addition, Crescent implements a multi-signature wallet system that requires multiple parties to sign transactions, ensuring that no single person can manipulate the system.
While Crescent has made significant strides in addressing the challenges facing the DeFi ecosystem, there are still many other solutions that it has yet to consider. This is where the community comes into play.
Crescent AMA, Feb. 20, 10:00 AM EDT.
The Cryptooshala Ask-Me-Anything session will focus on the full range of tools and products offered by Crescent on Monday, February 20 at 10:00 AM EST.
Listeners will have the opportunity to hear firsthand from Crescent CEO Hyun Lee, who has years of experience in the traditional financial sector and now brings innovation to users with crescent set of products.
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Credit : cointelegraph.com