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Horizondex On Linea Ecosystem - Programming - Nairaland

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Horizondex On Linea Ecosystem by CryptoEngineer: 1:39pm On Jul 13, 2023
Excited about the Linea mainnet launch??

What is more exciting is the first concentrated liquidity DEX on the Linea ecosystem.

I know you know what that means but relax and enjoy this ALPHA.

HorizonDex is a Concentrated Liquidity DEX, it enables users to distribute liquidity within a certain price range, allowing traders to optimize productivity and reduce slippage with two major actors;

· Traders

· Liquidity providers

Horizondex has also introduced compelling incentive programs that enable users to earn attractive yields on the tokens they prefer.

Now let us look at some factors that make Horizondex different from other DEX;

1. Capital efficiency via concentrated liquidity; users are able to mitigate their impermanent losses, price impact is low and capital efficiency is high.

2. Lazy LP; LP do not need an active involvement to manage their liquidity positions/maintain a balance between different assets or tokens in a pool.

3. Auto-compounding Liquidity Provider Fees; Allows for LP to automatically reinvest their fees back into their positions thereby compounding the earnings they get over time.

4. Custom Pools

5. Liquidity Mining Rewards (TBA); All users who participate in LPs not only enjoy smooth trading but also qualify for additional tokens as incentives.

Horizondex is giving users the opportunity to contribute to the development of the protocol early with their Testnet program, Users will be able to perform all transactions like token swap, liquidity providing, and removing and get used to the UX of the site. Feedback provided by users will be used to improve the protocol.

The good thing is Horizondex is giving an early supporter NFT to users who participate in the Testnet program, more info on the NFT will be announced soon.

Do well to check them out on all social media platforms with handles
HorizonDEX

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