TradeX
TradeX revolutionizes the trading of dTokens.
Last updated
TradeX revolutionizes the trading of dTokens.
Last updated
TradeX is a decentralized SC-based system that facilitates the buying and selling of dTokens within the Javsphere platform. TradeX operates through a cross-layer bot that integrates the DMC with the native DeFiChain layer. Here's a technical walkthrough of the process:
User Interaction: Users lock their tokens within the Javsphere TradeX SC.
Bot Activation: A dedicated bot transfers the funds from the SC.
Layer Transition: The bot transfers the funds to the native layer of DeFiChain.
DEX Swapping: Due to higher liquidity, the bot executes a swap on the Native DeFiChain DEX. Future Enhancements: When the DMC achieves higher TVL in the future, it will integrate DMC pools for direct swapping.
Token Redelivery: The bot moves the swapped tokens directly to the user's DMC address via the transfer domain.
The Fee Management SC is a crucial component in the TradeX ecosystem:
The SC imposes a 0.1%* trade fee on each trade the user conducts.
All collected fees in DUSD or the respective dToken are used to purchase the JAV token.
The acquired JAV tokens are then distributed, with 50%* allocated to JAV Staking and Cryo JAV participants, while the remaining 50%* is burned.
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