After a successful open beta in Jan 2022, Dexpools will officially launch in April 2022 with support for the Polygon ecosystem, allowing traders to swap peer-to-peer using any tokens on the Polygon chain.
Traders will be able to swap securely privately or publicly utilizing the Quantstamp audited smart-contract escrow, avoiding slippage and market impact.
Polygon ecosystem has grown exponentially as projects ranging from GameFi to infrastructure protocols have continued to find immense value in the speed, stability, and other benefits of Polygon. However – trades done outside of AMMs are a growing need as more demand for different token pairs has increased. Dexpools will support direct trading between parties, allowing users to choose a safe, no-slippage, low fee option for their swaps.
Users on Dexpools can easily select Polygon as their network utilizing existing wallet integrations and create Polygon swaps.
Also included in the integration:
Search for Polygon tokens in all integrated wallets and send trade offers using the Asset Explorer tool
Chat with wallet addresses / users and negotiate deals
List trades publicly for any party to fill, or send a private offer between single parties
The public launch is scheduled for April 26, 2022 and will also include support chains including Ethereum, Metis, BSC, and other ecosystems.
What’s Next?
The Dexpools team plans to integrate a limit order platform and P2P NFT swaps for the Polygon ecosystem in Q2. The limit order service will also allow any DEX to easily integrate the Dexpools UI and smart contracts into their existing automated exchanges – allowing for powerful CEX like experiences for users.
About Dexpools
DEXPOOLS is a decentralized, peer-to-peer (P2P) OTC DeFi platform. Individual buyers and sellers are able to create trade offers bound to specific wallets and execute a trade via smart contracts. There is no need for an escrow custodian or any trusted third party in the process.
Both buyers and sellers can set up swaps with literally zero slippage or impact on low liquidity markets. The only cost to use the platform is a low transaction fee for both trading parties vs the high slippage seen on most DEXs which can at times exceed 20–30%.
Their Whitepaper: Dexpools P2P OTC crypto brokerage platform Whitepaper
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About Polygon
Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have seen widespread adoption with 3000+ applications hosted, 1B+ total transactions processed, ~100M+ unique user addresses, and $5B+ in assets secured.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your dApp, get started here.
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Source : cryptodaily.io
