PolkaBridge Launched MultiChain AMM – Decentralized Exchange
PolkaBridge developing a multi-chain Automated Market Maker (AMM) type decentralized exchange
The launch will allow the users to trade assets on different blockchains. It will be a new addition to our DeFi / NFT focused ecosystem and is certainly going to be the flagship PolkaBridge product. The development is in its final stages and we are very close to a public launch. It will support Ethereum, Polygon, Solana, Polkadot and Binance Smart Chain (BSC) — though the functionality will be deployed gradually.
What Is An Automated Market Maker (AMM)?
An Automated Market Maker (AMM) is a liquidity aggregator and decentralized exchange, which allows for order-matching without using a traditional order-book. Instead of offers (ask) and counter offers (bids), it utilizes algorithms with smart contracts which deterministically compute the asset price at any given time automatically and uses liquidity pools to execute swaps. A liquidity pool is itself a smart contract, containing assets from different users, looking to put their capital to work.
About PolkaBridge
PolkaBridge is a decentralized all-in-one financial applications platform. The PolkaBridge ecosystem is expected to include cross-chain AMM, Farming, Lending, Fundraising platform (Launchpad), Prediction, NFT, and more. All products will be developed with Polkadot in center.
