Veax is a decentralized exchange built on the NEAR Protocol that features single-sided liquidity pools, true margin trading, and an orderbook user interface to enhance the trading experience. It addresses the complexity of liquidity provision and price discovery in decentralized finance by offering automated liquidity management and familiar trading functionalities.
Funding
$1.2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Current decentralized exchanges (DEXs) often present challenges such as complex liquidity provision, inefficient price discovery, and a lack of advanced trading features familiar to users of centralized exchanges (CEXs). Existing Automated Market Makers (AMMs) may offer low rewards relative to Total Value Locked (TVL) and require constant maintenance, while order book DEXs may lack incentive models for liquidity providers. Furthermore, the absence of true margin trading and derivatives markets limits the potential for sophisticated DeFi strategies.
Solution
Veax is a decentralized exchange (DEX) built on the NEAR Protocol that aims to bridge the gap between traditional finance (TradFi) and decentralized finance (DeFi) by integrating advanced features and a user-friendly interface. Veax offers single-sided liquidity pools, adaptable liquidity pools, and an orderbook-style user experience (UX) to simplify trading. The platform provides automated liquidity management, ensuring greater capital efficiency and higher interest rates for liquidity providers. Veax also introduces true margin trading and derivatives to DeFi, enabling more sophisticated trading strategies and portfolio risk management.
Target Audience
Veax targets both experienced DeFi traders seeking advanced trading tools and liquidity providers looking for efficient capital deployment, as well as users familiar with centralized exchanges who are new to decentralized finance.
Features
- Hybrid AMM architecture combining the strengths of Uniswap and Curve
- Adaptable liquidity pools with smart routing and dynamic fee levels for optimal swap prices
- Single-sided liquidity provision across multiple tokens within a pool
- Orderbook UX for a familiar and efficient trading experience
- Advanced liquidity management dashboard for comprehensive control
- True margin trading and derivatives capabilities
- Smart contract (SC) Over-the-Counter (OTC) trades and SC auctions for illiquid tokens
- Liquidity farming options to optimize single token liquidity
- Adaptable liquidity pools allowing projects to add incentives for liquidity provision