Maiar Exchange is a DEX AMM running on the Elrond Network. It is built by the same team that has built the Elrond blockchain.
Maiar Exchange Features
- State Sharding: The Elrond blockchain is the first live blockchain with state sharding. Other chains with similar architectures, such as Ethereum 2.0, are still in development or are yet to enable state sharding. Anyone who wants to understand sharded DeFi should pay attention to Elrond DeFi.
- SFTs LP Tokens: trade, collateralize - Providing liquidity on the Maiar Exchange gives you LP tokens, like most AMM DEXes. Uniquely in the space, the Maiar Exchage LP tokens are tradeable. This means you can provide liquidity, then sell your position, or take a loan against it (use LP tokens as collateral). Awesome and a DeFi first, because of Elrond’s unique ESDT (Elrond Standard Digital Token) architecture.
- Maiar App: onboarding, 2FA - You can use Elrond’s Maiar app to login and sign transactions on the Maiar Exchange. As secure as a Ledger hardware wallet, as convenient as Face ID + tapping on the screen.
MEX is the token powering the Maiar Exchange. It is required for the governance of the decentralized exchange platform, as fuel for the perpetual decision-making process that will maintain the Maiar DEX ahead of the curve in terms of innovation, operational model, listing policies, and other actions aimed at creating a sustainable value cycle for its stakeholders. Furthermore, the MEX token is designed as a value capture mechanism and incentive vehicle that will allow the compelling attributes of the economical advancements it enables to scale with its adoption.