What is Axis DeFi?
Axis DeFi (AXIS) is a decentralized cross-chain protocol that aims to revolutionize the open finance industry by building a DeFi-dedicated interoperable super chain. The platform seeks to offer an easy-to-use interface and develop an open financial system for its users. The mission of the Axis team is to enable a simplified and harmonized 'Axis portal,' which allows users to perform swaps using any part of the DeFi ecosystem.
Axis combines DEX aggregation and routing in a revolutionary cross-chain, layer-2 DEX solution. In DEX routing, the most liquid pool available is sourced for users to perform a swap. Users can reduce slippage when performing a transaction by sourcing the most saturated liquidity pool. In DEX aggregation, multiple liquidity pools are leveraged to do a single transaction, which is necessary while swapping an amount of value above a certain threshold. The threshold can vary from token to token.
Axis offers a range of features, including crypto-wide liquidity support, multi-currency, and asset support. The platform provides users with 24/7 access to the market, high volume capacity, and other layer 2 solutions.
AXIS is the native cryptocurrency of the Axis platform, which operates on the Ethereum blockchain platform. The initial token launch involved the issuance of 24 million AXIS tokens. Sixty percent of the entire token supply is distributed for yield farming and collateralization, while ten percent is dedicated to the initial exchange listing, private investors, marketing, and ecosystem building. Ten percent of token distribution is among the team and advisors, while the remaining 20 percent is assigned to the foundation.
The development of Axis occurred in four stages in 2021. The initial stage, Q1, involved the solidification of teams in Asia and America. In Q2, the platform released its lightpaper and sourced strategic investors. Further, ETH optimized DEX routing and launch of cross-chain assets took place in the Q3 stage of 2021. Subsequently, the Q4 stage involved the BSC & HECO optimized DEX routing launch and Bridge Support.
In conclusion, Axis DeFi (AXIS) seeks to revolutionize the DeFi industry by providing an open financial system for its users. The platform offers an intuitive and easy-to-use interface that allows users to perform swaps using any part of the DeFi ecosystem. The cross-chain, layer-2 DEX solution provided by Axis offers several benefits such as reducing slippage and leveraging multiple liquidity pools to do a single transaction. With the platform's development occurring in stages throughout 2021, it's exciting to see what the future holds for Axis DeFi.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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