Home Crypto Exchanges Why Polkaswap is the best DEX?

Why Polkaswap is the best DEX?

polkaswap dex

Twitter Handle MedUSA Expressed:  Polkaswap have cutting edge technology, prepared for the interoperable future. Just imagine a DEX protocol for swapping tokens based on Polkadot and Kusama relay chains (if you live under a rock, this two will be quite big an awesome interoperable ecosystems).

Made on top of SORA network, Polkaswap is Upgradable, which means there won’t be a split liquidity between a change of the protocol, so you won’t see Polkaswap V2, V3 or V4 with divided community using old/forked protocol as it happens with every other DEX.

Running out of XOR (gas to pay network fees) isn’t a problem, you can swap any token for XOR using the Token Bonding Curve that manages XOR supply, so you won’t need to send XOR from a CEX, RAMP (or asking for some), which is quite annoying specially for newer crypto users.

Governance of Polkaswap is managed by The SORA Parliament, a multi-body sortition model, which prevent attacks for future proposals for the protocol. Just think, with simple governance/votation 1 guy with multiple accounts or many tokens have enough power to choose the result.

For blockchain networks that do not plan to join Polkadot or Kusama relay chains, Polkaswap has bridges that will allow new users to come from isolated networks such as Ethereum, BSC, Solana, Avalanche, Elrond, Fantom, Tron, etc (also enabling use liquidity from their DEX’s).

Polkaswap Tokenomics are well solved, PSWAP token is involved in every trade/swap, but not just a slice of the fees as almost any other DEX, the whole fee requires a buy back of PSWAP token, which encourage early and later users to provide liquidity (PSWAP is Deflationary).

Now, if you’re thinking “My favorite DEX where I provide liquidity probably have this features” then you have to take a look at next comparison images.

Balancer will be one of the first DEX’s in Algorand. As you see, Balancer main token (BAL) doesn’t have any utility on the protocol itself, is just needed for governance only.

CarbonSwap is clearly a clone of Sushi Swap protocol but in Energy Web, SUSU token is needed to reward xSUSU holders (SUSU stakers).

GravityDex will be the interoperable DEX for Cosmos ecosystem, it hasn’t released yet but public info gives high probability to be very similar to others.

This is a bit about Polkaswap. However, it is only practical to decide where to take risks in crypto.

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Steven Anderson

Steven is an explorer by heart – both in the physical and the digital realm. A traveler, Steven continues to visit new places throughout the year in the physical world, while in the digital realm has been instrumental in a number of Kickstarter projects. Technology attracts Steven and through his business acumen has gained financial profits as well as fame in his business niche. Send a tip to: 0x200294f120Cd883DE8f565a5D0C9a1EE4FB1b4E9

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