Traders can arbitrage cross-chain tokens and launch their own crypto trading pairs, without transfer fees
Telos, one of the most active blockchain platforms in the world according to Blocktivity, announced its integration with EvolutionDex, a protocol that allows anyone to create and launch their own trading pairs on decentralized exchanges. Traders will also be able to realize additional gains through increased trading fees that are acquired through the liquidity of these token pools.
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EvolutionDex is an open-source and free protocol created by the EOS Argentina team that allows any developer to integrate it into a front end, allowing for different decentralized exchanges to share the same liquidity. The private keys of smart contracts are held by the top 21 block producers of the Telos blockchain, allowing no third-party access. The protocol has already been implemented on Alcor Exchange, with more to come.
“Continuous liquidity pools maximize the total advantages of a decentralized exchange. There is no need to trust funds to an institution and the prices are computed algorithmically according to the available liquidity,” said Douglas Horn, Telos chief architect and whitepaper author. “As liquidity providers join the different Telos pools, EvolutionDex will help play a significant role in price stability and be an important addition to Telos-based DeFi tools.”
EvolutionDex will also be able to connect the Telos blockchain with other major EOSio Blockchains like EOS and WAX. Telos traders will have to pay fees to liquidity providers, but there are no transfer fees like those found within Ethereum and other networks.
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“EvolutionDex can help bring more users as liquidity providers into the Telos DeFi ecosystem. It will also attract traders who arbitrage trading pairs, bringing increased stability and volume to the Telos token itself, while reducing volatility and fees across the board,” said Jesús Chitty, Co-Founder of EOS Argentina.
The Telos network currently supports 10,000 transactions per second (TPS) with zero transaction fees, compared to Ethereum’s 14 TPS with fees. In addition to speed, capacity and zero transaction fees, Telos has many advantages over other platforms that make it the most advanced blockchain software for smart contracts and decentralized applications.
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