Klaytn Collaborates with SORAMITSU

Published on: 29.11.2022
Klaytn Collaborates with SORAMITSU

SORAMITSU has developed an open-source decentralized exchange (DEX) infrastructure for the Klaytn blockchain.

  • The open-source DEX will initially have various features, from fungible token swapping and token-based governance to staking and liquidity provision and token minting.
  • The DEX will be available for users to test from 29 November 2022.

Decentralized exchanges (DEXes) serve as a key pillar of a blockchain ecosystem, providing trustless access to liquidity and helping networks gain growth and traction.

With this in mind, a collaboration with SORAMITSU to build the backbone architecture and design for an open-source DEX on the Klaytn blockchain was announced in March.

Proposed via the Klaytn Improvement Reserve (KIR), the open-source release will advance Klaytn’s vision of allowing more users to be part of the Web3 revolution. While keeping the network at the forefront of technological developments.

Klaytn Collaborates with SORAMITSU

The open-source DEX will initially have a range of features, from fungible token swapping and token-based governance to staking and liquidity provision as well as token minting. Klaytn Collaborates with SORAMITSU, It will also incorporate dashboards for ease of data visualization for Klaytn network users. The DEX backbone architecture will also allow DEX operators to implement tokenomics and provide liquidity.

The progress of the SORAMITSU-developed open-source DEX infrastructure. Was documenting in milestones and presenting to the Klaytn community through the KIR.

The SORAMITSU-developed open-source DEX infrastructure will be available for public testing from 29 November 2022 till 20 January 2023. Access the testnet here and view the user guide and testnet tutorial video for more guidance.

About SORAMITSU

SORAMITSU is a Japanese fintech company with expertise in developing blockchain-based solutions for digital asset and identity management. Our mission is to use blockchain to promote innovation and solve pressing societal challenges.

SORAMITSU is the developer of and major contributor to the open-source blockchain platform Hyperledger Iroha, which is tailored for enterprise and public-sector use. Part of the Linux Foundation’s Hyperledger Project, the Iroha blockchain’s flexible permissions system and scalable, performant architecture. Suit it to digital asset and identity management in high-traffic, multi-stakeholder environments.

Website | Twitter

About Klaytn

Klaytn is an open-source public blockchain for all who wish to build, work, or play in the metaverse.

Website | Twitter

RESOURCES

https://klaytn.foundation/klaytn-soramitsu-dex/

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