LCX Has Partners With Polkadot To Establish New DEX Aggregator

The Liechtenstein Cryptoassets Exchange (LCX) has announced the release of Fire Salamander on Polkadot, following the integration with Uniswap. The innovative Decentralized Finance (Defi) tool is a powerful Decentralized Exchange (DEX) Aggregator aiming to ease transactions within the Defi space. The next-gen DEX aggregator will use web 3.0 technology.

LCX is the first known parachain candidate managed and created directly by the core team of a centralized exchange within the Polkadot ecosystem. LCX is a fast-growing blockchain company showing their continuous efforts to create products that maximize the potential of DeFi.

LCX will advance Fire Salamander even further and will expand the system by building on top of Polkadot’s Parachain technology.

These implementations will be supported by technical guidance from Parity Technologies, the commercial arm of Polkadot.

Fire Salamander can quickly establish the most efficient paths for a token swap by scrutinizing significant decentralized market depths. It pushes the boundaries of what crypto traders expect from a DEX trading experience, and thus the trades are executed automatically to prevent price slippage.

About LCX

LCX is a secure and compliant platform for buying, selling, transferring, and storing digital currencies. The LCX Exchange is a regulated trading venue offering a range of digital currencies. LCX is a Fintech company that focuses on tokenization of assets, utility and security token offerings, and advanced trading tools. In 2020 LCX has gained regulatory approval of 8 blockchain-related registrations by the Financial Market Authority.

About Polkadot

Polkadot is an open-source network protocol that allows arbitrary data — not just tokens — to be transferred across blockchains. It’s built to connect private and consortium chains, public and permissionless networks, oracles, and future technologies that are yet to be created.