DexAda is a DEX based on infrastructure from the Everscale network and support from Cardano. The DEX is chain-agnostic and built with an eye to adaptability, meaning it was designed to be able to integrate a maximum amount of outside chains in order to capitalize on available liquidity.
At the most basic level, the platform is a DeFi trading and farming protocol where users can contribute to the platform’s liquidity and get rewarded for their contributions. DexAda provides users with a very simple and intuitive interface that is paired with remarkable stability, high transaction speeds and low fees. The stability and security of the protocol are maintained by over 190 validators. One of DexAda’s primary advantages lies in the fact that it supports all of the digital assets that operate on both the Everscale and Cardano blockchains. To facilitate this, a subplatform, called AdaEver was launched. AdaEver is a cross-chain bridge that allows users to transfer tokens back and forth from Everscale to Cardano.
Currently, there are 6 tokens that can be traded on DexAda, including ADA, WETH (wrapped Ethereum) and EVER, the native currency of the Everscale blockchain. The DexAda platform has also been designed to transition to a DAO governance model. This will be made possible thanks to EVA, the protocol’s governance token. EVA has already been launched and can be exchanged on the platform for other tokens from the Everscale and Cardano ecosystems. Once the DAO is launched, users will be able to participate in governance via staking of the EVA token.
The first iteration of DexAda has been targeted towards users from Korea and Japan. The platform offers completed localized interfaces in both languages and is growing communities of users in both regions. In addition, there is also a fully-functional English interface, and as the platform progresses, it will expand its target audience and reach more sectors of DeFi and crypto.