AllianceBlock Announces Launch of AllianceDEX, A New Market Maker
The AllianceBlock team is delighted to announce the on-going development of its decentralized exchange, AllianceDEX, as part of our continuous effort to build a decentralized capital market. Unveiled at the blockchain industry’s flagship event, Consensus 2021, the new DEX will have its own take on an automated market maker (AMM) — an algorithmic agent that provides liquidity in electronic markets — called AllianceDEX. It aims to minimize impermanent loss in both uptrend and downtrend markets with its new methodology. In this article, we will take a look at the market conditions surrounding decentralized exchanges, and what sets our DEX apart from those currently operating in the market.