Ravendex: Cardano startup set for permissionless staking platform release
Ravendex, the first decentralized exchange [DEX] on the Cardano ecosystem, is set to launch its First Defi Product, A permissionless staking platform, this product will enable users who hold a balance in $RAVE to stake their tokens in a trustless manner.
Ravendex, through this launch, will change the status quo in Staking Cardano Native Tokens—offering users the opportunity to stake their $Rave tokens to earn more rewards in Rave while at the same time setting the Cardano network on the path of huge adoption as a network capable of hosting DApps.
Ravendex will leverage the EUTXO model to deliver a cross-chain Decentralized exchange with the ability to facilitate the sharing of liquidity on different assets on the Cardano blockchain.
It will become one of the very first projects on the advanced network to enable crypto-asset lending and borrowing whilst utilizing the Alonzo Hard Fork update which allows smart contracts to, via a set of predetermined rules, deposit assets in a liquidity pool and rack up interests from transaction fees.
When officially launched, Ravendex will expedite efficient swaps with liquidity as well as token swaps between ADA and other native tokens on the network.
With a native token—$RAVE—-which is currently listed on two of the leading crypto analytics websites—CoinGecko and CoinMarketCap—it is currently available for trading on Bitmart Exchange.
$RAVE, like the other tokens in the crypto space, has been built to offer token holders an opportunity to earn sizable rewards for staking. In addition, token holders will participate in the governance of the project as key decision-makers.
In line with the Ravendex team’s long-term plan to offer real-world value to people from around the world, it has partnered with World Mobile Token to reserve an Earth Node that will deliver internet access to millions of Africans living in rural areas absent stable internet connection. Highlighting the logic behind this partnership, the team revealed that keeping Cardano requires strategic partnerships like this.
They are of the hope that this will drive the growth of Cardano as an advanced blockchain network.
Ravendex is a non-custodial Cardano-based decentralized exchange and liquidity protocol that seeks to facilitate the seamless transfer of assets on the network. For a tiny fee, Ravendex will allow traders and token swappers alike to utilize these services, at the same time offering token holders colossal staking rewards for committing $RAVE to the project.
Company Name; Ravendex
Contact Person Name; Ravenslabs
Company Website; https://ravendex.io