• Concordex, the first dedicated DEX built on the Concordium blockchain, has officially launched on mainnet.
• The platform aims to bring institutional-grade DeFi trading tools to the Concordium ecosystem and recently completed its testnet.
• It raised $1.7 million in seed funding from Tacans Labs, Skynet Trading, Seier Capital, Amdax and Concordium blockchain in December 2022.
Concordex Launches Institutional-Focused DEX
Concordex, the first dedicated DEX built on the Concordium blockchain, has officially launched on mainnet. The platform is designed to bring institutional-grade DeFi trading tools to the Concordium ecosystem and has recently completed its successful testnet phase.
$1.7 Million Seed Funding
The platform recently raised $1.7 million in seed funding from Tacans Labs, Skynet Trading, Seier Capital, Amdax and Concordium blockchain in December 2022. This will be used to develop a comprehensive suite of TradFi and DeFi trading tools while leveraging the strengths of the Concordium blockchain.
Features Offered by the Platform
Concordex offers a variety of features such as regular swapping as well as advanced liquidity management features with its liquidity pools offering concentrated liquidity and multiple fee levels to maximize returns for investors.
Founder’s Statement
Lars Seier Christensen, founder of Concordium said “It is a very important part of the Concordium ecosystem infrastructure that we now celebrate with the launch of the first DEX… With Concordex’ user-friendly and elegant design… I strongly believe that this cutting-edge project will play its part in defining the future and setting standards for compliant DeFi.“
Conclusion
The launch of this new DEX marks an important milestone for both users and developers within the Concordium ecosystem looking for an advanced set of institutional grade DeFi trading tools which can help them maximize their investments returns while staying compliant with all applicable regulations