Every month, there are countless technical developments happening behind the scenes at AllianceBlock. With that said, we have crafted this update to keep you in the loop and share our innovations with you, the core of our organization, and our mission.
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This month we are taking the time to celebrate the launch of the AllianceBlock DEX on Testnet, which features a new mathematical model created by our research and development team. Designed to lower impermanent loss, with two Automatic Market Makers, our DEX creates a safer, lower-risk environment.
This breakthrough technology is something we're incredibly proud to share with everyone! The DEX is a major step towards the improvement of current models on the market. Let's jump into the action around the newly launched AllianceBlock DEX.
"As it stands, liquidity providers on DEXs can put their funds in smart contracts and earn trading fees. However, the risk of impermanent loss is real. Our DEX aims to address these risks through a new mathematical formula."
Houman Falakshahi
Chief Research Officer, AllianceBlock
The AllianceBlock DEX is developed by our Co-Founder and CEO Rachid Ajaja, Chief Research Officer Houman Falakshahi (Ph.D. in Quantum Mechanics from the University of Paris-Saclay), and Head of Quantitative Analytics Matthieu Mariapragassam (Ph.D. in Applied Mathematics from the University of Oxford).
Together they bring over 40 years of experience within the financial industry in developing and creating a new mathematical model for AllianceBlock DEX.
The DEX features a new mathematical model that pushes the industry forward and sets the foundation for inviting vast liquidity from institutional investors alongside our Trustless KYC framework. AllianceBlock DEX is deployed on Testnet on our partners Polygon's and Energy Web Chain's networks.
To celebrate the launch, we hosted #DEXWeek across our channels, featuring a series of deep-dive events:
Rachid, Houman, and Matthieu guested on major tech publication HackerNoon's podcast discussing all things AllianceBlock DEX.
DEX Makes Top 10 Most Downloaded List?!
We're honored to contribute to and elevate the DeFi space, that’s why we recently submitted the AllianceBlock DEX research paper for peer review.
The paper is available on the renowned Social Science Research Network (SSRN), where it quickly made it to the top ten most downloaded papers list! This paper has all the details and nuances upon which our DEX is constructed and, making it public for peer review, shows the confidence we have in our fantastic team.
You can see what all the noise is about and download the AllianceBlock DEX whitepaper here.
Putting AllianceBlock DEX To The Test
Calling all bug bounty hunters! It is time to test our DEX. We talk about how our community is at the very core of AllianceBlock, and it’s times like this we’d like to thank you hugely for your input. 🙏 Kudos to you guys!
You are the user of the product and should be considered at every turn, that’s why you have the first reign over our DEX. Step into the game and do your worst to hack the platform. You don't have to be a computer scientist or a hacker to participate; we just want you, the user, to have a go and feedback on anything suspicious. 🔍👀
Take part in the Bug Bounty here. Good luck, The $ALBT rewards are plentiful!
What Does The Future Look Like For Our DEX?
We are creating seamless pathways into DeFi; that is why an essential step in our roadmap is to integrate our AllianceBlock LMaaS (Liquidity Mining as a Service) and Bridge into our DEX...
How does that look for these products and the end-user?
A DeFi Project has burst into the scene, with nothing lacking in their drive and ambition. However, their newly launched token lacks vital liquidity to hit the ground running. They leverage LMaaS to create a liquidity mining pool or staking campaign on our DeFi Terminal. In doing so, the project creates more stability for their token and a place for their community to participate in the pool and support the project. The AllianceBlock DEX will be integrated into LMaaS, so that Liquidity Mining Campaigns can be created on top of Liquidity Pools created in our DEX.
After a successful liquidity pool, the project now seeks the opportunity to deploy a pool on a different network. This can be valuable for the young project as it will engage an entire community within that blockchain network. Something unique about AllianceBlock Bridge is that it's the most decentralized bridge in the space! It’s totally chain-agnostic, meaning we can integrate any blockchain into our bridge, and already supports six blockchains, including Ethereum, Binance Smart Chain, Avalanche, Polygon, Energy Web, Arbitrum, and Optimism.
Not to mention that the AllianceBlock DEX liquidity providers can seamlessly bridge across multiple networks to move their tokens.
As outlined above, the DEX seamlessly integrates with several products inside the AllianceBlock DeFi ecosystem, unlocking a better user experience while paving the road for further innovation. And in the future, all the liquidity pools created using LMaaS will also be listed on our DEX, enabling all token pairs to be traded.
That’s all from us. Thanks for reading and remember, #NoMercy! 🚀
AllianceBlock seamlessly brings DeFi and TradFi together.
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