Donex Finance is a cutting-edge decentralized finance (DeFi) protocol designed to provide users with decentralized exchange capabilities and yield earning opportunities. Built on top of Starknet’s zk-rollup technology, Donex Finance allows users to seamlessly trade, swap and stake their digital assets without the need for intermediaries or centralized authorities.
Our mission at Donex Finance is to provide the tools and strategies users need to manage their capital and to take back control of their finance. Our platform will offer a variety of yield farming strategies that enable users to maximize their earnings and increase the returns on their investments.
Concentrated liquidity is the concept that allows liquidity providers to allocate their liquidity in a custom price range. Essentially, when the price of a given asset falls within a certain range, the liquidity in that range becomes the counterparty for swaps and collects trading fees. Liquidity providers then receive their share of the fees proportionally to their liquidity contribution to the total liquidity in that price range. This approach offers a number of benefits to both liquidity providers and traders. By setting an appropriate price range, liquidity providers can minimize impermanent loss and collect trading fees, while traders benefit from lower slippage when executing trades.
We plan to develop a lending protocol that will allow users to post collateral and leverage their liquidity on various yield-bearing strategies. The protocol will include an account contract to manage collateral and debt for users who want to collect more fees from trading. Users can choose their risk profile, provide collateral to borrow against and deposit their liquidity into a variety of yield-bearing strategies.
This lending protocol will offer users the ability to maximize their returns while minimizing risk, providing a new level of flexibility and potential profits for liquidity providers on Donex Finance.
The launch of this lending protocol is expected in Q4 2023, but is subject to change based on feedback from developers and users.
Donex Finance has a planned release schedule that outlines the development stages of the Donex protocol.
The first stage involves the implementation of an automated market maker (AMM) with concentrated liquidity, which will allow users to create new liquidity pools, provide liquidity, and swap ERC20 tokens. This stage is currently being tested and is expected to be launched on the Starknet mainnet in Q2 2023.
The next stage involves the development of a lending protocol that will enable additional yield-bearing strategies. This stage is expected to be completed by Q4 2023.
It’s important to note that the development plan is subject to change based on various factors, such as the launch of StarkNet mainnet, testing results, and feedback from developers and users. Donex Finance is committed to delivering a high-quality product and will adjust the release schedule accordingly to ensure a seamless and successful launch.
Why we are building on StarkNet
Donex Finance has chosen to build on StarkNet for several reasons. Firstly, Starkware has provided one of the most advanced zero-knowledge rollup (zk-rollup) technologies for scaling Ethereum. With StarkNet, Donex Finance can leverage this technology to achieve higher transaction throughput and lower transaction fees compared to the Ethereum mainnet. Additionally, StarkNet’s unique Cairo-VM allows developers to create smart contracts with high TPS (transactions per second) and a high level of security provided by Ethereum. This provides a more robust and secure platform for building decentralized financial applications. By building on StarkNet, Donex Finance is well-positioned to offer its users a fast, secure, and reliable platform that delivers the benefits of DeFi to a wider audience.