News29 September 2021

RavenDex To Be The BackBone Of DeFi Applications On The Cardano Blockchain

RavenDex To Support DeFi Applications On The Cardano Blockchain

Summary

  • RavenDex has officially introduced its project to the crypto space
  • RavenDex to offer a DEX, an IDO launchpad, and lending and borrowing services
  • RavenDex is a Cardano-based service that guarantees seamless cross-chain transactions

RavenDex has officially introduced its project to the crypto space in line with its plans to facilitate swift transfers on Cardano. RavenDex hopes to offer support by powering DeFi applications through a wide array of services, including a decentralized exchange, an IDO launchpad, and lending and borrowing services.

RavenDex is a Cardano-based service that guarantees seamless cross-chain transactions at minimum fees. Through this dive into the crypto space, RavenDex hopes to move Cardano to the next level.

RavenDex is a decentralized AMM that allows users to swap and trade native Cardano tokens for interest. It also facilitates buying and selling of tokens across different platforms as a middleman exchange. Users can connect and link wallets on the platform, earn interest, and deposit digital assets through the yore nightly extension.

RavenDex is also an ERC-20 to Cardano converter and a Pool To Peer Lending Protocol.

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