UniDex Launches on Forge bringing the First Perpetual Market to Evmos
The decentralized finance (DeFi) space on Evmos is on the brink of a significant milestone as UniDex, a platform renowned for both simple and advanced trading strategies, joins the ecosystem. This move is a collaborative effort between the Forge team, the Evmos DAO and the UniDex teams, aiming to bring a comprehensive trading experience to the Evmos ecosystem.
New Possibilities with UniDex
UniDex is more than just a trading platform — it is a versatile aggregator for diverse assets. Users on UniDex can engage in perpetual leverage trading directly on Evmos, opening short and long positions with market or limit orders.
UniDex stands out as an aggregator for diverse assets, bringing liquidity and pricing data together from various sources, including automated market makers (AMMs), derivatives, and other aggregator protocols. This unique capability enables users to discover the best rates and execute trades seamlessly across different platforms.
With Unidex users can also engage in leveraged trading on synthetic assets across multiple networks, including Ethereum, Fantom, and Optimism, with leverage of up to 100x. The platform employs RPC aggregation to enhance the speed and efficiency of data delivery from the network to trading interfaces. Additionally, UniDex offers a meta aggregator that compares routing algorithms in real-time, ensuring users benefit from the most efficient trade routes.
Laying a Strong Foundation: Building Blocks for the DeFi Growth
In Evmos’s DeFi journey, the launch of UniDex plays a pivotal role. It brings the first perpetual market to the network, laying a fundamental foundation for the growth of Evmos’s DeFi ecosystem.
UniDex launch is not just another upgrade — it’s broadening the scope of DeFi on Evmos. Now, users can get creative and design their own trading strategies harnessing the EVM composability. This sparks innovation within the community, turning Evmos into a hub for financial experimentation. Moreover, the platform’s compatibility with any trading pair expands the global market reach for traders.
UniDex also pioneers the Shared Liquidity Mode and ensures robust liquidity across an extensive array of trading pairs, mitigating liquidity challenges often faced by conventional leverage protocols.
But beyond the finance talk, the UniDex story on Evmos is about people. Allocating some trading fees to liquidity providers and UNIDX token holders encourages active participation in the platform’s community as Evmos’s DeFi narrative continues to evolve.
As UniDex joins the Evmos ecosystem, it not only expands the platform’s DeFi offerings but also contributes to a more diverse and innovative financial landscape. This collaboration promises to be a significant step towards realizing the shared vision of a decentralized and community-driven financial future.
Learn More:
About Evmos
Evmos is an interoperable EVM blockchain designed for cross-chain dApp development.
The Evmos Core Development Team is on a mission to create and ship the foundational tools necessary for building the cross-chain applications of the future. With groundbreaking roadmap features like EVM Extensions, the Evmos SDK, and the Evmos dApp Store, Evmos gives developers the freedom to take advantage of the IBC and connect their smart contracts to the Cosmos Ecosystem.
This revolutionary technology frees developers from the confines of today’s siloed blockchains.
The future is cross-chain.
Helpful Resources
🎮 Evmos App: https://app.evmos.org/
🖥 Evmos Website: https://evmos.org
💻 Developer Documentation: https://docs.evmos.org
👾 Official Discord: https://discord.gg/evmos
🐙 GitHub: https://github.com/evmos/evmos
🕊 Twitter: https://twitter.com/EvmosOrg
📯 Telegram: @EvmosOrg
📄 Blog: https://blog.evmos.org
🌋 Evmos Careers: https://boards.eu.greenhouse.io/evmos
Evmos is the EVM stack for building natively cross-chain decentralized applications.
We encourage you to read the Evmos Manifesto and learn more about our plans to build a cross-chain future.
DISCLAIMER: None of this is financial advice. This content is strictly for educational purposes. It’s not investment advice or a solicitation to buy or sell any assets.
