Avarta partners with Dexpools for safer, decentralized P2P OTC Swaps for the DeFi World
Avarta is pleased to seal a partnership with Dexpools to reimagine a seamless, secure experience for users to securely swap peer-to-peer with zero slippage or front running, via an escrow-less protocol. Dexpool will integrate Avarta’s multi-chain biometrics, whitelisting, and Trust Score capabilities into the protocol with Avarta further supporting Dexpools’s ecosystem through onboarding of strategic partners.
Decentralized liquidity is the backbone of Decentralized Finance (DeFi). However, with thousands of assets to trade, dozens of smart contract platforms to trade them on, and hundreds of automated market makers (AMM’s), liquidity can be critically fractured; creating a DeFi trading environment with excessive slippage and front-running. The impact on low liquidity markets is chalked up to the cost of doing business at scale and makes it uneconomical for the average user. Dexpools’ revolutionary solution allows for individual buyers and sellers to create trade offers directly with one another without any trusted intermediaries, supporting chains including Ethereum, Avalanche, Polygon, OEC, Binance Smart Chain, and Moonriver.
Avarta is reimagining trust for DeFi & Web3.0 applications. With Avarta’s technology, users of Dexpools can enjoy a single point of whitelisting (with the ability to share information across multiple DeFi projects across chains) for a set of wallets owned by them.
Dan Peng, Co-Founder and CPO of Dexpools commented:
Avarta’s advanced trust and security capabilities will provide immense value for the OTC trading ecosystem. We are incredibly excited to continue exploring integration capabilities with Avarta to empower our users with the most secure peer-to-peer trading experience possible.
Matthew Ainscow, Chief Executive Officer of Avarta commented:
Being that the Dexpools team works to offer a seamless platform for users to trade and earn securely, we’re glad to join up with them to create the future of Web3 technologies. Our technology helps Dexpools, making the system more resilient to malicious attacks.
About Dexpools
Dexpools is a decentralized, peer-to-peer (P2P) OTC DeFi platform. Individual buyers and sellers are able to create trade offers bound to specific wallets and execute a trade via smart contracts. There is no need for an escrow custodian or any trusted third party in the process.
Both buyers and sellers can set up swaps with literally zero slippage or impact on low liquidity markets. The only cost to use the platform is a low transaction fee for both trading parties vs the high slippage seen on most DEXs which can at times exceed 20–30%.
About Avarta
Avarta is a data authentication layer, with a patented biometric cross-chain wallet aggregator and an innovative cross-chain credit scoring system, known as the Avarta Trust Score.
Avarta Trust Score allows users to gain better access to capital on the blockchain ecosystem through improving trust and transparency. One use-case can be in the form of DeFi products, whereby a better Avarta Trust Score can result in loans with a lower collateral rate.
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