Atomex & kUSD Stablecoin Staking
The algorithmic stablecoin Kolibri (kUSD) launched on the 18th of February. Today, the following trading pairs have become available on Atomex. From this moment onwards, you can trade kUSD
Stablecoin Staking with XTZ, BTC, ETH, LTC, USDT, and TZBTC.
Atomex Stablecoin Staking
Besides the wallet function, Atomex Stablecoin Staking also enables Atomic swaps. Atomic swaps will allow you to trade cryptocurrency in a decentralized way, without any dependency on a third party. All trades go through a smart contract.
An interesting fact about atomic swaps is that you can make atomic swaps between different blockchains. So, you can trade BTC for XTZ on Atomex Stablecoin Staking , for example. You do pay transaction costs on two blockchains, though, in that case.
Buying tzBTC with XTZ would make more sense in that case since you would only pay transaction costs for the transaction of tzBTC and XTZ on the Tezos blockchain, which is a lot cheaper.
Atomex is an HD Wallet that supports XTZ (Tezos), BTC, ETH, LTC (Litecoin), the Stablecoin staking USDT (Tether), and also wrapped BTC on Tezos (tzBTC) and Ethereum (wBTC).
Atomic Swaps are made possible through Atomex's Hybrid DEX that works by applying on-chain implementation based on hashed timelock smart-contracts on each blockchain involved in the swap.
This means that you can exchange assets anonymously and securely without the need to confide in an outsider.
Atomex is non-custodial, which implies that you own your private keys. There is no concentrated data set that stores the keys of Atomex clients. Your tickets are stored on your device, encrypted, using AES-256. (256 bits Advanced Encryption Standard.)
Because you own your keys, transactions are made directly from your blockchain address to the atomic swap contract during a deal.
No additional fees
You don't pay any additional fees while making an atomic swap. You only pay the transaction costs for executing the smart contract. Atomex is different from DEXes like Dexter and Uniswap in that way.
Atomex has a regular order book like on a centralized exchange. It doesn't utilize an AMM (Automated Market Maker) like on Dexter.
Neither Atomex nor market makers charge a percentage fee of the total amount of your transaction.
Baking Bad
Atomex is developed by the "Baking Bad" team, which is famous in the Tezos community. As an active contributor to the developer ecosystem and its website, you can find Tezos bakers' rankings (Bakers are stakers that run a Tezos node to which XTZ holders can delegate their XTZ and earn staking rewards.)
You can find more detailed info on Atomex decentralized exchange and cross-chain atomic swaps here.
You can download the Atomex wallet here.
For For Information You may visit xtz.news
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