To Boldly Go Where No DEX Has Gone Before
Another day, another stellar addition to the IOTA ecosystem. TangleSwap is ready for take-off as it enters the Shimmer and IOTA cosmos with its decentralized exchange (DEX), an open-source automated market maker (AMM) built to tackle the limitations of other earth-bound networks. Our ecosystem welcomes this latest addition and is thrilled about the expansion of its decentralized finance (DeFi) experience.
TangleSwap introduces itself
After launching on Shimmer, we aim to provide a unique gas-free DEX experience by waiving the gas fees for our users. The TangleSwap DEX will also get rid of DeFi's most common downsides, namely, miners, Miner Extractable Value (MEV), and energy waste.
We build our DeFi experience around the concept of space and time. Be it on our asteroid farms, the staking fields, or the NFT docking stations: we aim to deliver with TangleSwap an extensive suite of DeFi applications that leave behind the earthly limitations of finance and open up a whole new cosmos of fascinating possibilities.
Our team delivers the necessary crypto expertise to create movement in the market. Not only does our crew have years of experience with IOTA and its community, but we have also gained DeFi experience within other ecosystems like Ethereum and Solana. Our team is beyond excited to apply its know-how to an infrastructure optimized for DEXs.
We truly believe that Assembly will get rid of many of the crippling conditions of current DeFi solutions – and we are ready to take the community on a journey and pioneer TangleSwap and its many innovations to be one of the cornerstones of the Assembly ecosystem. With a strong focus on security, user experience and sustainability, we are making decentralized finance more accessible, user-friendly and seamless, while lowering entry barriers for anyone looking to join the DeFi world.
We are more than excited to not only lead the IOTA community to new frontiers but also showcase the benefits of a gas-free DeFi experience to the broader crypto space. Trade high volumes at minimal slippage, maximize your revenue and become an investor by funding the hottest up and coming projects within the IOTA ecosystem: TangleSwap will make it possible.
Join TangleSwap on their journey to conquer DeFi and outer space by following their updates on Twitter, Discord, or their website.
TangleSwap joins the Touchpoint Open Builders Program, offering participants a community of like-minded builders, direct access to experts, knowledge, and general support to launch and scale the next generation of decentralized applications and infrastructure on the Shimmer network. You can learn more about how Touchpoint works and how to become a part of it here.About Assembly
Shimmer is an L1 innovation network providing the core building blocks for a scalable, modular multi-chain architecture. Like the IOTA network, Shimmer is built on a UTXO-based parallelized, directed acyclic graph (DAG), guaranteeing higher scalability than conventional Blockchains. At the same time, Shimmer ensures interoperability and composability of L2 smart contract chains, capable of connecting any type of L2 smart contract chain anchored to it. With its unique tokenization framework, Shimmer will become a multi-asset ledger for feeless minting and transfer of native assets without middlemen or crippling gas fees.
The native token of Shimmer is SMR, which serves as the network’s economic backbone, facilitating value transactions and interactions within the Shimmer ecosystem. Shimmer users use the SMR token to launch new DeFi applications, DEXs, NFTs, DAOs, and other dApps.
Every project that participates in Touchpoint is given the opportunity to introduce itself in its own words. Statements made by projects are not verified by Touchpoint, Shimmer, or the IOTA Foundation and should not be taken as an endorsement. Individuals are advised to always conduct their own due diligence when engaging with any crypto projects.
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