Spectrum.DEX (former ErgoDEX) was launched in June 2021 after being funded in Catalyst F5. It is currently available on the Cardano testnet and Ergo mainnet. Spectrum.DEX is Open-source. Thus adhering to one of the key ideas of DeFi – openness and accessibility.
In the near future, it will be possible to make cross-chain transactions on our DEX. First Ergo – Cardano and then later we’ll add Ethereum along with others. To make cross-chain DeFi come true our team is developing an L2 solution called Spectrum.Network.
We take a lot of time to make our DEX safe. There are currently two features that provide this safety: a liquidity locker and a default token list. Liquidity locker allows the creators of pools to lock up liquidity to protect the community from a rugpull. Thanks to the default token list feature, our users are protected from the risk of trading fake assets.
Spectrum.DEX is part of Spectrum.Finance. This will allow the community to use all the features of DeFi cross-chain through Spectrum.DEX and Spectrum.Wallet. In the future, these services will be combined within one dApp.
About the team
Spectrum was created by two developers: Yasha Black and Ilya Oskin. By building ErgoDEX, the first eUTxO DEX, we laid the foundation for our cross-chain solution development. In the process we also assembled a strong team and united a large community.
We do not plan to stop there and will continue to improve a large-scale project that goes beyond one blockchain. Our priorities for Q3 and Q4 2022 are the release of the DEX on the Cardano mainnet, the addition of new features and reaching the first milestones on Spectrum.Network.