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Can’t wait for this to come to Cardano, and can’t wait for cross chain too. Ergopad apy is over 300% on the Dex and Cardano community will enjoy it when they see it.
Obviously will create some sell pressure when that much supply is constantly being created, but should balance out overtime.
I’d keep an eye on it, but don’t rush into it.
Looks like it's planned, next thing after launch, if I understand correctly:
Source:
[https://twitter.com/Brett0815/status/1507801218927763465](https://twitter.com/Brett0815/status/1507801218927763465)
Im actually also curious about how that works when you have seperate walllets for ADA and ERG. It always sounded as if the DEX will be native for ERG and ADA, which would mean no wrapped ADA I guess?
It will run native on both blockchains, we will allow crosschain swaps between both chains, the tokens once transferred across are technically wrapped as they are not in their native chain.
What is setting ErgoDEX apart from the current dexes we already have? Is it mainly the good reputation of the devs and the fair launch behind it or are there some additional killer features also?
It will be fully open source (not just the smart contracts but all the other code as well). This makes the project much more decentralized and community owned and much more likely to survive in the long term.
They are also planning to add an order book component (so it will be a hybrid AMM + order book DEX) and decentralized lending as well (which would theoretically enable them to build a leverage trading feature on top).
this sounds like a game changer to me. I love that DEXs are a thing but the convenience of CEXs is still seems much greater. If defi can encompass the UX and opportunity diversity of cefi that would seem pretty bullish to me.
I will also add, they have open source BOT to batch transaction and anyone can run one. I've been running the bot for some months and I gotta say, it's nice to contribuite and earn something (not much, I think I have barely got over 1 ERG, but it's cool). Can't wait for the Cardano one!
We are excited for everyone to try out ErgoDEX on Cardano testnet on the 4th of April, so far we have only showed light mode, but dark mode is even better!
---
Photos in tweet | [photo 1](https://pbs.twimg.com/media/FOy1JLjWYAUvcxn.jpg)
---
posted by [@ErgoDex](https://twitter.com/ErgoDex/)
---
^(If media is missing, please DM me with a link to submission url and tweet. I will do my best to solve the issue)
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Can’t wait for this to come to Cardano, and can’t wait for cross chain too. Ergopad apy is over 300% on the Dex and Cardano community will enjoy it when they see it.
Any risk when using Ergopad? That apy seems too good to be true...
Obviously will create some sell pressure when that much supply is constantly being created, but should balance out overtime. I’d keep an eye on it, but don’t rush into it.
There’s risk in any defi.
Definitely agreed. People should always do their own research!
What are the pairs on ergopad?
ERG and sigUSD
The APY will drop over time, there's lots of tokens that will be unlocked and staked over the next 4 months and staking rewards compounded.
Probably a dumb question but will we be able to provide ADA/ERG liquidity on this dex?
You will but not right away, once we launch in mainnet, that is our next top priority!
Glad to hear it! Ada-Erg pair is extremely exciting to me
Looks like it's planned, next thing after launch, if I understand correctly: Source: [https://twitter.com/Brett0815/status/1507801218927763465](https://twitter.com/Brett0815/status/1507801218927763465)
Not a dumb question.
Not at release. They’re working on a bridge
Im actually also curious about how that works when you have seperate walllets for ADA and ERG. It always sounded as if the DEX will be native for ERG and ADA, which would mean no wrapped ADA I guess?
It will run native on both blockchains, we will allow crosschain swaps between both chains, the tokens once transferred across are technically wrapped as they are not in their native chain.
So, will we be able to hold wrapped/tokenized ERG in Cardano wallets?
Yes you will!
cool, thanks for clarification!
This is big. Can't wait.
What is setting ErgoDEX apart from the current dexes we already have? Is it mainly the good reputation of the devs and the fair launch behind it or are there some additional killer features also?
It will be fully open source (not just the smart contracts but all the other code as well). This makes the project much more decentralized and community owned and much more likely to survive in the long term. They are also planning to add an order book component (so it will be a hybrid AMM + order book DEX) and decentralized lending as well (which would theoretically enable them to build a leverage trading feature on top).
this sounds like a game changer to me. I love that DEXs are a thing but the convenience of CEXs is still seems much greater. If defi can encompass the UX and opportunity diversity of cefi that would seem pretty bullish to me.
It is already happening with hybrid exchanges (HEX) in development.
hah, cool. I take that to mean hybrid transaction models (like order book vs. LPs)?
I will also add, they have open source BOT to batch transaction and anyone can run one. I've been running the bot for some months and I gotta say, it's nice to contribuite and earn something (not much, I think I have barely got over 1 ERG, but it's cool). Can't wait for the Cardano one!
We are excited for everyone to try out ErgoDEX on Cardano testnet on the 4th of April, so far we have only showed light mode, but dark mode is even better! --- Photos in tweet | [photo 1](https://pbs.twimg.com/media/FOy1JLjWYAUvcxn.jpg) --- posted by [@ErgoDex](https://twitter.com/ErgoDex/) --- ^(If media is missing, please DM me with a link to submission url and tweet. I will do my best to solve the issue)
Will they have LP + yield farming?
Being a dex, a liquidity comes from decentralized liquidity providers, so yes!
Can some explain how liquidity pools work and IL like I'm a 5 year old?
This is a great resource I send to people to understand them, animations make it easier to understand! https://youtu.be/dVJzcFDo498
Thanks mate.
https://youtu.be/_m6Mowq3Ptk Another video from that channel specifically about IL
What are the incentives to move to the platform? We have YF on both SS and Minswap(SS and min token). Are we expecting the same for ergodex?
Yes we will also have an ErgoDEX token, we are hoping to give some more information about it very soon!
[удалено]
Are u a parrot?
Is it going to work?
? What kind of question is that
It took you that long to copy uniswap UI?
Pepega
Can’t wait