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This project has been archived by Cardano Cube. A project will be archived when the direct link to their website or social media accounts are broken or if there is too little online activity from the project to still be listed. If you're the owner of this project. You can re-verify your project by contacting us.
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We advise you to 'do your own research' before interacting with this project. This notification is shown based on claims by community members contacting Cardano Cube. If you're the owner of this project. You can verify your project by contacting us.
Open source cross-chain DEX. Live on Ergo, testnet on Cardano.
Spectrum Finance is an open source cross-chain decentralized exchange (DEX). The main feature of Spectrum Finance is that we build it on top of the multi-chain network called Spectrum Network.
Spectrum Network is designed in such a way as to allow the exchange/swap of native assets (e.g. ADA → ETH, BNB → ERG) without wrapping.
Classical DeFi applications like Uniswap have shown promising results in regard to features and decentralization, but also revealed essential limitations of the approach which most of the present dApps are built upon. Those limitations fall into two major categories:
But this is not the most global problem of DeFi in general. When it comes to exchanging one native asset for another (for example ETH to ADA) we don’t have a decentralized enough tool for doing so directly. That tremendously increases the cost of the transfer (in terms of money and risk) because users have to use centralized (CEXes) and semi-centralized (bridges) tools as intermediatory to reach their goals.
The design of the Spectrum Finance protocol is built in such a way as to provide a secure, fast and cheap exchange of native currencies and tokens without any intermediary. The protocol is fully trustless and decentralized, meaning no one has to trust their funds to a dubious party.
Spectrum Finance 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 community of DeFi enthusiasts.
We envision the world where financial products are decentralised and as native and comfortable as traditional finance. That’s why we build Spectrum Finance.
