NewsBTC
2021-11-03 06:58:43

Ravendex, a Decentralized Crypto Exchange, Is Working on the First Non-custodial Decentralized Exchange Built on the Cardano Blockchain.

Within the last few years, we have seen several lending platforms utilizing Blockchain. Raven Dex has unveiled the first non-custodial decentralized exchange on the Cardano Blockchain that offers swift transactions. It will be a decentralized automated market maker protocol, allowing users to swap and trade the native Cardano token transparently. Ravendex is a unique project, where users can lend their assets to a pool while earning interests. Furthermore, anyone can borrow within the platform as long as they provide collateralized assets. The Raven Dex is the first of its kind that has the feature of asset lending and borrowing on the Cardano Ecosystem. Everything seems ready as the project is about going on to the next phase, which includes token sale to early adopters, token distribution, and the Raven Dex Testnet release. Furthermore, the Rave token will be pegged to the dollar where anyone can trade with it. In order to further know about Ravendex, here’s an interview with Ravendex Core Team. Raven is also the first leading and borrowing platform built on the Cardano Ecosystem. The recently released Alonzo Hard Fork update allows smart contracts to deposit and collect interests from assets using pre-defined rules. Q: Quick follower gaining on Twitter within a short period, what is the secret? Ravendex Core Team: I always know that growth is possible when the right principle is applied. We understood the importance of Twit...

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