Disclaimer: The text below is a publicity piece that was not written by Cryptonews.com journalists.
What is Ravendex?
Ravendex is the first non-custodial decentralized exchange on the Cardano Blockchain that facilitates rapid asset and liquidity transfers between native Cardano tokens and ADA. The Cardano Blockchain cross-chain exchange uses the EUTXO model, known for its unique features, such as the ability to share liquidity between different assets in the Cardano ecosystem.
It is also one of the first projects developed at The Cardano Ecosystem to use the recently released Alonzo Hard Fork update that allows smart contracts to deposit assets and charge interest according to predefined rules.
What makes it special?
- Cross-chain exchange and exchange protocol. With Ravendex, users will be able to trade and exchange native Cardano tokens in a secure environment. The eUTXO architecture provides a unique opportunity for exchanges to pool liquidity over the Cardano ecosystem;
- Native asset loan protocol. The loan and pooled loan facility we are developing allows users to borrow and pool assets, and this can also be used for a variety of DeFi applications;
- ERC-20 / BEP-20 to Cardano converter. Project owners who wish to migrate their coins from Ethereum or Binance to the Cardano blockchain can do so with just a few clicks using our ERC-20 to Cardano Token Bridge;
- Peer-to-peer lending protocol (P2P). Pooled loan contracts will make decentralized loans and crypto loans much easier to set up as users can borrow pooled assets and pay them back at a specified time with interest. With Ravendex, you can exchange your assets deposited in the Cardano ecosystem, including those used as collateral, for another asset. The collateral can also be used to pay off debts and loans.
Soon, Ravendex will be available for trading at the P2PB2B exchange. Join the project community now and get ready for your next list!
Check out these social media channels
▪️ Website: ravendex.io/
▪️ Telegram: t.me/ravendexlabs
▪️ Twitter: twitter.com/ravendexlabs