NFT STARS Invests in AlphaDex to Support the Development of the New Liquidity Aggregator
The Australian NFT marketplace NFT STARS has formed a strategic partnership with AlphaDex, a decentralized derivatives market and liquidity aggregator that is one of the key pillars of the Kitten.Finance ecosystem. NFT STARS has also become an investor in the project so as to support the development of its advanced trading functionalities and the team’s efforts in reaching a wide audience.
Scope of Collaboration between NFT STARS and AlphaDex
AlphaDex is a decentralized derivatives market and liquidity aggregator that speculates on TWAP (time-weighted average price) to limit the risk of exposure to price manipulations and prevent flash loan attacks. As explained by the AlphaDex team, TWAP is less affected by sudden price movements, which enables all of the mentioned benefits. The platform works in the layer above AMMs and is already providing its services to KittenSwap, Uniswap, SushiSwap and other exchanges.
The NFT STARS team shares AlphaDex’s approach to security and the team’s aspiration to improve the design of crypto platforms and make investing in crypto a less risky venture. We want to support the work of AlphaDex by investing in the company and forming a partnership that extends out to marketing activities. The two teams will be keeping close ties and exchanging technical expertise if needed.
“NFT STARS is happy to announce its partnership with and investment in AlphaDex, part of the broader Kitten.Finance ecosystem. Even though the two teams work in different domains — DEX and NFT — we are driven by the same motives, which are to make crypto a more secure space and to open it up to the masses. Here at NFT STARS, we recognize the technological value of AlphaDex’s advanced trading functionalities and want to support the further development of the platform.” — Dan Khomenko, CEO of NFT STARS and SIDUS HEROES.
“We are proud to be working with our partners, NFT STARS. We believe their leverage and influence in the industry will act as a great asset to our project” — Dan Gibbs, AlphaDex Protocol Founder.
AlphaDex is a decentralized derivatives market and liquidity aggregator. The platform speculates on TWAP (time-weighted average price). If you stake in round x, you are speculating on the TWAP of round x+2 vs the TWAP of round x+1. So, you can call [Payoff] after round x+2 ends (that is, after round x+3 begins).
About NFT STARS
NFT STARS is an NFT marketplace that provides its users with a unique set of products and services. The marketplace follows a strict selection approach to artists. Every creator featured on the platform is chosen by the executive board. Thus, the NFT STARS team is able to provide truly special treatment to the chosen artists and minimizes the likelihood of collectors running into low-quality art. Among other things, NFT STARS has launched its own NFT avatar collection — SIDUS: NFT Heroes and is working on an NFT MMORPG game called SIDUS HEROES, which will provide players with a variety of breathtaking scenarios and earning opportunities.