Kaddex: The Kadena Dex

The Kadena DEX, Decentralized exchanges (DEXes) currently face challenges in terms of usability, largely due to high gas costs and vulnerabilities in their protocols. In order to create a truly open and inclusive marketplace for decentralized finance (DeFi), a solution was needed to lower barriers to entry and improve the trading efficiency experience. Kaddex addresses these issues by building the first DEX on Kadena scalable proof-of-work (PoW) blockchain network.

The use of Kadena's braided chain results in faster and cheaper transactions secured by the global safety of PoW. Kadena’s unique ability to transfer gas payment responsibilities to a third party through gas stations enables Kaddex to offer a gas-free DEX, while also introducing novel approaches to liquidity provisioning and slippage control.

In addition to these technical advantages, Kaddex utility token - KDX – allows for community ownership and democracy within the Kaddex ecosystem. This means that the community can directly shape the direction of the platform. Overall, these features make Kaddex a DEX perfectly designed to support the Kadena ecosystem and bring DeFi closer to its intended goals of being open to all, community-owned, easy to use, and cheap to access.