Empowering Decentralized Finance on Starknet
We believe in the power of blockchain technology to revolutionize the financial system and empower individuals to take control of their own financial destiny. We envision a future where financial services are accessible to all, transparent and free from the constraints of centralized authorities.
Donex Finance is a decentralized finance (DeFi) protocol built on Starknet, a layer-2 network that inherits Ethereum’s network security. We have chosen to deploy our protocol on Starknet because we believe it is the most promising network leveraging zk-rollup technology. This decision was made after careful consideration of the scalability, security and composability.
StarkWare, the parent development company of Starknet, has a proven track record of building reliable and scalable blockchain technology. They have a team of world-class developers who are committed to pushing the boundaries of what is possible with blockchain technology.
Our mission is to create a platform that provides a seamless and secure experience for DeFi users. We are committed to building a protocol that is transparent, open and community-driven. We believe that decentralization is the key to unlocking the full potential of DeFi.
The first version of the Donex protocol will feature a next-generation Automated Market Maker (AMM) that builds upon the concept of “Concentrated Liquidity,” originally introduced by Uniswap V3. This mechanism allows liquidity providers to allocate their liquidity within a custom price range, thus letting the market decide what a sensible distribution of liquidity is. By doing so, it helps reduce impermanent loss and maximize returns for liquidity providers.
We will also launch a token that will be used for distributing protocol revenue, protocol governance, and incentivizing liquidity pools. Our token will be used to reward users who contribute to the growth and success of our protocol.
We are committed to serving our community of users and investors first. As such, we will transition into a DAO (decentralized autonomous organization) that is governed by our community. This will ensure that our protocol is truly decentralized, transparent, and open.
We believe that DeFi has the potential to transform the financial industry, and we are committed to playing our part in making this vision a reality. We invite all like-minded individuals to join us on this journey towards a more decentralized, transparent, and equitable financial system. Together, we can build a better future for all.