Introducing NevDEX, DeFi exchange platform built on Nervos

Today we are introducing NevDEX, NevDEX is a DeFi exchange platform built on Godwoken, an optimistic rollup solution on Nervos Network.
NevDEX has the ecosystem on Godwoken with its Exchange, Yield Farming, NFT,etc.

NevDEX is one of the projects that received Grant from Nervos Network.The name of the NevDEX is coming from the two words Nervos and DEX (Decentralized Exchange).
We aims at providing the Nervos Network users with a comprehensive infrastructure for trading and ensuring a CEX-competitive user experience.
Thus, NevDex’s vision is the extension of DeFi services offered on Nervos Network and other blockchains as well as the attraction and onboarding of the CeFi audience to on-chain trading and investments.

Discover NevDEX’s DEX

NevDEX is an order book based DEX. Trading through an order book is traditionally cheaper than AMM swapping because AMMs have to pay liquidity providers the fees paid by users to incentivize them to keep sufficient liquidity.
Order book DEXes don’t have traditional liquidity pools, thus their fees are lower.

Furthermore, the order book prices are more accurate compared to AMMs: market makers constantly rebalance the liquidity according to the index price sourced from several centralized and decentralized exchanges.
If the liquidity is deep, the execution of a large order will not result in the price fluctuation as it happens on AMM DEXes that calculate the price depending on the amount of paired tokens in the liquidity pool.

Built on Nervos Godwoken

Nervos Godwoken was the obvious choice, the EVM compatible layer 2 built on Nervos Layer 1. Godwoken provides instant transaction finality with low fees and a completely Ethereum compatible environment
on Nervos that’s being built will allow us to be a leading exchange platform with low transaction costs and fast transaction speed.

NevDEX is a community lead project.Through open-sourcing the project, we are making NevDEX accessible to all interested developers, security auditors and the whole community.

We plan to launch the DEX on Godwoken Testnet in Aug 2022. This early testnet release includes the basic features essential for order book trading:

- Order book
- Matching engine
- Market and limit orders
- While more information regarding our tokenomics and token distribution will be released soon. Stay tuned for the next updates.

Join NevDEX’s community:

Twitter — https://twitter.com/NevDEX_

Discord — https://discord.gg/wBAHdkQUj7