press release
PRESS RELEASE. Digital currency made splashes in the 2010s with a promise of decentralization and ultimate user privacy. However, most well-known crypto exchange giants, like Binance or Coinbase, are CEXs by essence. It means they are centralized exchange platforms, offering custodial wallets to users and collecting user data. No privacy, no user control, and no genuine decentralization – that’s what the CEX use is.
Luckily, by the end of the 2010s, crypto enthusiasts moved further with the idea of introducing the automated market-making (AMM) functionality that would remove the need for a centralized authority out of the exchange process. The idea was proposed by Vitalik Buterin and found its realization first in Bancor (early 2018) and then in Uniswap – a DEX released in late 2018.
Today, over 300 decentralized exchanges are online, each offering peer-to-peer exchange opportunities using the smart contract functionality. DEXs quickly rose in popularity, reaching over $1 trillion in trading volume in 2021 – an 858% increase compared to the 2020 stats. Despite the rising number of DEX projects, Uniswap remains the indisputable leader in the decentralized finance market, enjoying 75% of the total trading volume (as of late 2021). Its latest version, Uniswap V3, launched in 2021, introduced many exciting features and increased capital efficiency 4,000x, making its cryptocurrency liquidity pool one of the most stable and reliable in the DEX space.
What Is TheTrade?
TheTrade is a project that will expand the liquidity potential of Uniswap v3 and its functionality by providing users with spot limit orders and margin trading on beta launch. This way, TheTrade’s users enjoy the combined advantages of Uniswap V3’s massive liquidity and additional functionality.
The project is undergoing the seed round and intelligent contract audit in Q4 2022, with the initial set of available features limited to margin trading and limit orders. The roadmap for 2023 includes the following:
- Beta Launch
- The addition of a user-friendly dashboard
- Leverage farming feature integration
- Launch on the Polygon and Aurora mainnets
- Product extensions for functioning on the NEAR protocol
What Are the Benefits of TheTrade?
Using the features of TheTrade.org for trading is an entirely different experience from what you used to have at CEXs like Binance or a variety of DEXs. The cons of DEXs are low liquidity and a high risk of price slippage. The…
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