One of the platforms that implement the DeFi protocol is Edxswap. It is a DeFi platform that allows users to manage tokens. The Edxswap farm's excellent results are based on the Binance Smart Chain, so users shouldn't have any doubts about the safety and reliability of the Edxswap platform.
What is Defi?
DeFi consists of partner applications and protocols developed on a decentralized blockchain network that does not require access rights for only one loan, one loan, or trading of financial instruments. Most of the current DeFi applications are based on the Ethereum network. However, many alternative social networks have emerged that offer superior speed, scalability, security, and lower costs.
Liquidity pool
A liquidity pool is a collection of tokens tied to smart contracts. They are used to make trading easier by providing liquidity and are widely used by some decentralized exchanges known as DEX.
Why do we need a liquidity pool?
If you are familiar with standard crypto exchanges like Binance, you may have noticed that their trading is based on an order book model. This is how traditional stock exchanges like the NYSE or Nasdaq work.
In this order model book, buyers and sellers collect their orders and place them.
To reach an agreement, both the buyer and the seller must tie the price together. This can be done by either a buyer placing a higher bid or a seller lowering their price.
How does a pool of fluids work?
In its basic form, the liquidity pool contains 2 tokens and each pool creates a new market for this token pair.
About Edxswap
EdxSwap is a decentralized switch that works on the Binance Smart Chain, with many other features that you can use to generate and earn tokens. An educational exchange is an automated market maker ("AMM") with which two BSC tokens can be exchanged.
Initial liquidity pool
(LP) for planting EDX tokens:
EDX-BNB LP
EDX-BUSD LP
EDX-CAKE LP
EDX-ETH LP
EDX-LINK LP
EDX-ADA LP
Edxswap token
EDX is a token issued by the Edxswap platform and serves as a payment on this platform. It is planned to trade EDX tokens on Edxswap or other exchanges with third parties.
The Binance Smart Chain
The Binance Smart Chain is active on the Internet and enables a parallel blockchain to the Binance Chain, through which smart contracts and betting mechanisms can be created for the NBB. All stakeholders and/or organizations can place bets with BNB to become validators of this new blockchain.
FARMS Awards Multiplier:
EDX / BNB (20 times the price)
EDX / BUSD (awarded 17 times)
EDX / COURT (12 times the price)
EDX / ETH (given 7 times)
EDX / CONNECTION (5 times the price)
EDX / CONNECTION (5 times the price)
Decentralized finance is one of the sectors with significant growth in the crypto market. With DeFi, cryptocurrencies can be used in more complex financial cases. And Edxswap is one of the platforms that adopts the DeFi protocol and is based on the Binance Smart Chain
Official links for more details,
Web : https://edx.finance
Twitter: https://twitter.com/EDXswap
Telegram: https://t.me/edxswapcommunity
News : https://news.edx.finance
Facebook : https://www.facebook.com/edx.finance
Whitepaper : https://edx.finance/edx-document.pdf
Authorship
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