Kaddex

Kaddex the evolution of DeFi on Kadena. Kaddex is a DEX built on Kadena, the only sharded and scalable layer-1 PoW public network. Kadena solves the scaling challenges of Bitcoin and the security issues of Ethereum. Kaddex Allows for fantastic passive rewards, security, and so much more.

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About Kaddex

Kaddex is the first ever POW and Gas-Free DEX.

As the platform for Safe DeFi, Kaddex is built from the ground up to be a fully decentralized exchange, run by a DAO. At the heart of everything we do is safety and community, and so we thought it best to start our first post with some thoughts on community infrastructure, the nature of DAO’s, and some ideas we have regarding decentralization.

Kaddex introduces its utility token — KDX — to establish true democracy and community ownership of Kaddex’s ecosystem and to implement the first financially sustainable Liquidity Mining programme. This allows the community to steer the development of the platform, achieving a collective vision, while also incentivising participation in certain pairs, and therefore improving the overall users swapping experience.

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Zero Gas, Forever

Thanks to Kadena’s gas stations, users will never have to pay gas to utilize Kaddex.
Gas will always stay free because the Kadena blockchain scales horizontally, which means as the demand for block space goes up, we can increase the number of chains, increasing the number of available blocks.

The Best LPs Rewards Kaddex provides unique LPs incentives that will attract new DeFi customers to our new network, thanks to the 40% of tokens allocated for incentivizing the network. When a swap is performed the user is charged a standard 0.3% trading fee, of which 100% goes to Liquidity Providers. Fastest Settlements Because Kadena has the ability to scale TPS infinitively, network congestion will never be a problem. This coupled with gas free transactions will ensure quick settlements and security, while providing the best possible users experience. DAO Powered The Kaddex DAO will play a large role in how Kaddex operates, controlling the parameters for individual pools. On top of this, the DAO will have a strong focus on ecosystem development, working to help growing the entire Kadena blockchain. Decentralized Infrastructure Kaddex lives up to the decentralized claim: everything from liquidity provision, pricing to swapping is done entirely on-chain, requires no intervention from off chain authorities or oracles, and is fully autonomous with no control by any central on-chain authority either.Multi-Protocol

Multi-ProtocolKaddex will be the only multi-protocol DEX with native decentralised bridges, leading to a future where users won’t have to even think about protocols, but just access value wherever it is.

Staking

KDX Stakers will earn 0.05% of all swaps happening on Kaddex, giving holders a simple way to earn passive income while still participating in governance.

Governance

Kaddex is built on community, our governance system will give the users control of network incentives, protocol mechanics, and pool rewards, all while maintaining our approach to safe DeFi.

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