ADAX is a decentralized and non-custodial automated liquidity protocol that facilitates trades within the Cardano ecosystem. ADAX was designed without order books in order to shorten network transactions and reduce transaction costs.
The elimination of intermediaries, complexities, and time-consuming processes from the equation will give users unrestricted freedom to trade without censorship or loss of control over their assets. This is in stark contrast to what happens in centralized exchanges, where users hand over complete control of their assets to the exchange. In this case, ADAX is expected to provide more transparency, security, and speed.
Just to keep you up to date, Cardano is upgrading its ecosystem to bring more powerful functionalities to support DeFi projects such as ADAX, and we know that this is going to be the beginning of a new era in the DeFi revolution.
ADAX will introduce enchanted swapping and staking, ensuring market liquidity, and enabling users to make full use of the Cardano to network’s capabilities.