Veax (VEAX)

Veax (VEAX) is an advanced single-sided liquidity decentralized exchange (DEX) built on the NEAR Protocol. It combines the best features of TradeFi and DeFi to provide traders with an unparalleled trading experience. Veax has been designed to upgrade decentralized cryptocurrency trading by introducing proven TradFi concepts to DeFi for the first time. With an innovative DEX architecture, Veax offers 30+ functionalities. These include hybrid AMM DEX, adaptable liquidity pools, true margin, and derivatives trading, order book UX, advanced liquidity management dashboard, smart contract OTC trades, and SC auctions for illiquid tokens. Veax aims to release the VEAX token in Q3 2023, and interested individuals can join their Telegram group or submit their email to be the first to receive updates.

Veax addresses various problems present in traditional DEXs. Providing liquidity and earning rewards can be complex, but Veax simplifies the process with its Liquidity Management Dashboard, allowing users to maximize their returns by providing liquidity across pools. Moreover, Veax introduces an orderbook UX that enables traders to view liquidity familiarly, making price discovery less complex. Additionally, Veax addresses the lack of on-chain derivatives trading by bringing true margin trading to DeFi, providing a suite of margin and prime brokerage tools that reduce risk and offer greater leverage. Lastly, Veax offers an improved incentive model for liquidity provision and partners with projects to develop low-liquidity tokens.

What sets Veax apart is its unique architecture, which combines successful patterns from various DEXs and solves the issue of fragmented liquidity. Veax offers advanced liquidity management functions and a smart upgrade path without disrupting liquidity providers. The protocol design of Veax ensures capital efficiency, significantly increasing the fees earned by liquidity providers compared to other DEXs. The project is backed by notable investors such as Circle Ventures, Proximity Labs, and Qredo. Individuals can sign up to get notified about the launch of Veax and gain access to its genuine value-added features.