Andrei❌ Profile picture
May 16 21 tweets 10 min read Twitter logo Read on Twitter
ALL DEXes on @MultiversX!

COMPARISON ❗

Each attribute from the table is explained in this 🧵 ↓

RT is much appreciated! #EGLD Image
List of DEXes:

- @xExchangeApp
- @ash_swap
- @jexchangeP2P
- @OneDex_X
- @QuantumXnetwork
- @JungleDEX
- @Exrond_Dex
- @DX25Labs

Attribute easy explanation ↓
1/ Fee

The small charge you pay to the DEX for each trade. Usually a bit part or all 100% of the fee goes to the liquidity providers.

Like paying a toll for using a bridge. Image
2/ Utility Token

A special kind of token you can use to vote on changes to the DEX.

But usually it's used to bootstrap users in order to add liquidity.

Like they pay you to use their platform at first. Be careful here, high APRs are only for a limited amount of time. Image
3/ Staking

Locking up your tokens to earn rewards, usually you earn the DEX token.

In a way it's like putting money in a savings account to earn interest. Image
4/ Yield Farming

Lending your tokens to earn more tokens.

You add liquidity with 2 tokens in a pool and share the fees with the other liquidity providers.

It's like planting seeds (tokens) and harvesting crops (rewards).

Be aware of Impermanent loss here. Image
5/ Dual Yield Farming

When you provide liquidity to a pool, you receive LP Tokens. You can then stake them to a farm in another protocol to earn more rewards.

Be aware of lock period or locked tokens here. Image
6/ Metabonding

Usually you hold the utility token of the DEX, just like $XMEX or $JEX and earn rewards from partnering projects. Image
7/ Metastaking

This feature is only available on @xExchangeApp for now.

- Add liquidity in pools = Earn % from fees
- Farm LP Tokens = Earn Rewards
- Farm LP Tokens again in Metabonding to basically "normal stake" usually 1 of the 2 tokens and earn even more rewards. Image
8/ Dual Farms
Earning rewards from a farm in a form of 2 or more tokens Image
9/ P2P Trading

Direct trades between two people, with no middleman.

Like selling an old bike directly to a friend. Image
10/ Stable Swap

Trading between stablecoins with low fees.

It's like exchanging dollars to euros with minimal charges. Image
11/ Limit Orders

Setting a specific price to buy or sell a token.

Like setting a budget for buying a new phone. Image
12/ Margin & Derivatives

Borrowing money to trade, or betting on price changes without owning the token.

Like buying a house with a loan, or betting on a soccer game. Image
13/ Single-Sided Liquidity

Providing liquidity with just one type of token.

Like bringing only apples to a fruit potluck. Image
14/ Price Range Liquidity

Providing liquidity only within a certain price range.

Like selling ice cream only when it's above 75 degrees. Image
15/ Flexible Fee

The fee changes based on conditions like market volatility.

Like surge pricing for a taxi ride during rush hour. Image
16/ Aggregator

A platform that finds the best trade prices across multiple DEXes.

Like a travel website that finds you the cheapest flights from different airlines. Image
That's a wrap!

Hope this thread gives you a better overview of the DEXes available on @MultiversX.

If I missed something, add it below!

Special thanks to @DBCrypt0 for giving me the idea for this comparison!

Do you want a comparison like this with all DeFi Protocols as well?
I hope you've found this thread helpful.

→ Follow @AndreiMX_ if you want to stay updated in the web3 space, especially on @MultiversX.

→ Like & RT the tweet below if you found this thread even a bit interesting.

Thanks a lot and see you around!
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More from @AndreiMX_

May 17
ALL DEXes on @MultiversX!

(Posted again due to some tweets not being displayed)

COMPARISON ❗

Each attribute from the table is explained in this 🧵 ↓

RT is much appreciated! #EGLD Image
List of DEXes:

- @xExchangeApp
- @ash_swap
- @jexchangeP2P
- @OneDex_X
- @QuantumXnetwork
- @JungleDEX
- @Exrond_Dex
- @DX25Labs

Attribute easy explanation ↓
1/ Fee

The small charge you pay to the DEX for each trade. Usually, a bit part or all 100% of the fee goes to the liquidity providers.

Like paying a toll for using a bridge.
Read 18 tweets
May 15
If you missed reading the best threads of the week

Here's my curated list 🤓

RT is much appreciated🙏

🧵 📝 #egld #MultiversX Image
Read 16 tweets
May 3
My first Article on Medium is here❗

And it features an analysis of @evoload, a project built on @MultiversX

Link in the next tweet!

RT is much appreciated! 🙏
#EvoloadContentChallenge #EGLD Image
Special thanks to @alexandru_dibu who helped me with some things for the article!

Thanks a lot, bro!
Read 5 tweets
May 1
More and more new people starting to write threads!

Here's my curated list 🤓

RT is much appreciated🙏

🧵 📝 #egld Image
Read 17 tweets
Apr 15
LIQUID STAKING - EXPLAINED❗

⭕ How to get Liquid Staked EGLD

⭕ Difference between sEGLD & HsEGLD

⭕ Use cases

⭕ Risks

🧵 RT to help others understand this too. Image
⭕ How to get Liquid Staked EGLD

@HatomProtocol offers a novel Liquid Staking platform for the @MultiversX Community.

Head over to their website and go to "Liquid Staking" Image
Choose the amount you want to stake and the token you want to receive.

sEGLD or HsEGLD Image
Read 14 tweets
Feb 20
Attention NFT projects! Do you want #EGLD? Then create products that bring value to your community first!

@BoredLadiesX stands out with their latest dapp @xagendaio, released right after the mint phase.

🧵 More details on BLXC and their commitment to their community ↓
In this thread, we are going to touch upon the following aspects about @xagendaio and @BoredLadiesX:

▸ 𝗪𝗵𝗮𝘁 𝗶𝘀 @xagendaio?
▸ 𝗨𝘁𝗶𝗹𝗶𝘁𝗶𝗲𝘀
▸ 𝗙𝗲𝗮𝘁𝘂𝗿𝗲𝘀 𝗜 𝘄𝗶𝘀𝗵 𝘁𝗼 𝘀𝗲𝗲
▸ 𝗪𝗵𝗮𝘁 𝗶𝘀 @BoredLadiesX?
▸ 𝗧𝗲𝗮𝗺
▸ 𝗖𝗼𝗻𝗰𝗹𝘂𝘀𝗶𝗼𝗻
▸ 𝗪𝗵𝗮𝘁 𝗶𝘀 @xagendaio?

xAgenda is a calendar dapp where projects can upload their upcoming mints with all their relevant information.

This way, as a user, you have an all-in-one database to surf through, in your journey to find the next gem.
Read 23 tweets

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