Multi-chainPolaris DEX
ValidatedDeFi
Yield Farming
XPOLAR
Cross-chain decentralized exchange
- 68 Followers68 Followers
- 64 Likes64 Likes
- User Score 4.8
- Validation Score 4.5
- Trust ScoreHigh
- General No. 1188
- DeFiNo. 358
- Telos EVM MainnetNo. 2
- Token
About Polaris DEX
Polaris DEX is a cross-chain decentralized exchange running on Aurora & Telos. DEX is build on the top of the Balancer Labs AMM, while bridge between Aurora and Telos is build on the top of LayerZero. On Aurora is included also multipeg seigniorage liquidity model DEX has 2 native tokens. Fully minted sPOLAR & xPOLAR, both tokens are includeded ve model with NEAR
Polaris Finance is a decentralized financial platform that leverages innovative seigniorage mechanisms to create a suite of pegged synthetic assets. The project’s mission is to enhance the DeFi landscape by offering stable and reliable financial services that are governed by the community. Through its unique tokenomics and robust governance model, Polaris Finance aims to provide users with a decentralized, transparent, and efficient ecosystem for managing their digital assets.
Polaris DEX Magic Store Validation Score
See Results ››Polaris DEX Review Score by Real Users
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Polaris DEX shines as a beacon of innovation! 🌟 Their stellar team, pioneering ideas, and forward-thinking roadmap ignite our enthusiasm. We eagerly await their product launch, poised for its transformative influence. 🚀Read More ››
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Polaris DEX stands out as a revolutionary force! Their exceptional team, groundbreaking concepts, and visionary roadmap inspire us. Excitedly awaiting their product launch, anticipating its game-changing impact.Read More ››
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Polaris DEX emerges as a game-changer! Their stellar team, innovative ideas, and forward-looking roadmap captivate us. Anticipating their product launch with excitement for its transformative potential.Read More ››
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Polaris DEX facilitates cross-chain trading via Balancer Labs AMM, LayerZero bridge, and innovative multipeg liquidity on Aurora. Native tokens sPOLAR and xPOLAR offer governance and utility. Promising decentralized exchange solution.Read More ››
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Polaris Finance is a multifunctional one-stop decentralized trading and investment platform on Aurora, which has a quality design and intuitive interface, allowing you to collect fees from different types of pools by staking. It allows you to exchange assets and participate in airdors and track your activity in your personal portfolio.Read More ››
0 people found this review funny
XPOLAR Token Price Chart (Real Time)
Token Statistics
- Market Cap-
- Volume$53.67
- Circulating Supply-
- Max Supply4,000,000
- FDMC$37,008
About XPOLAR Token
Polaris Finance offers a diverse suite of tokens, each serving distinct roles within the ecosystem. The primary token, POLAR, is a governance token that enables holders to participate in decision-making processes, influencing the future direction of the project. LUNAR, TRIPOLAR, ETHERNAL, and ORBITAL are used in various pools to maintain the peg of synthetic assets and reward participants. USP (Universal Stable Peg) serves as a stablecoin within the ecosystem, providing a reliable medium of exchange. BINARIS is another significant token involved in various staking and liquidity provision activities.
Each token has specific use cases and utilities designed to enhance the functionality and stability of the Polaris Finance ecosystem. POLAR token holders have governance rights, allowing them to vote on proposals and changes within the protocol. LUNAR, TRIPOLAR, ETHERNAL, and ORBITAL are crucial for maintaining the peg of synthetic assets, thereby ensuring stability and predictability in the system. USP is a stablecoin that facilitates transactions and value storage without the volatility typically associated with cryptocurrencies. BINARIS plays a vital role in incentivizing liquidity providers and stakers, ensuring a robust and active participation in the ecosystem.
The strategic use of these tokens helps in maintaining the stability and growth of Polaris Finance, providing users with multiple ways to engage and benefit from the platform. Detailed information about each token's specific roles and functionalities can be found in the Polaris Finance Documentation.
Polaris DEX Magic Store Trust Score
- Audit Score
- 0No. Of. Audits
- MediumScore
- Security Validators Score
- 29.04.2024Validation Date
Polaris DEX User Trust Reviews
As an avid user of cryptocurrency platforms, I have recently come across the Polaris DEX. This platform has truly stood out for its seamless and secure trading experience in a cross-chain environment. The interface is intuitive and easy to navigate, making it perfect even for beginners who are new to the world of decentralized finance (DeFi). One of the key features that sets Polaris DEX apart from other DeFi platforms is its ability to support multiple blockchains simultaneously. This cross-chain compatibility allows users to trade a wide range of tokens, bridging the gap between different ecosystems and providing unparalleled accessibility for traders. The platform's non-custodial nature ensures that users maintain full control over their assets at all times, which is an essential aspect in today's DeFi landscape. Another positive attribute of Polaris DEX is its focus on security. With the implementation of advanced security measures such as multi-signature wallets and a robust audit process, users can have peace of mind while trading on this platform. The team behind Polaris DEX has demonstrated their commitment to transparency by providing regular updates and engaging with the community through various channels. In addition to its core functionalities, Polaris DEX also offers valuable features such as staking options for passive income generation and a user-friendly interface that caters to both newcomers and seasoned traders alike. The platform's governance token, POLARIS, further empowers users by enabling them to participate in the decision-making process of Polaris DEX. In conclusion, I highly recommend giving Polaris DEX a try for anyone interested in exploring decentralized trading opportunities across multiple blockchains. The platform's user-friendly interface, cross-chain compatibility, robust security measures, and active community make it an excellent choice for those looking to diversify their cryptocurrency investments.Read More ››
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Polaris DEX looks great! Here, a large, solid team, the ideas of the team and the development trend amazed their greatness! We are looking forward to the possibility of your product!Read More ››
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Polaris DEX FAQ
The POLAR token serves as the governance token in the Polaris Finance ecosystem, allowing holders to vote on proposals and make decisions regarding the future direction of the platform. It also plays a crucial role in maintaining the stability of the synthetic assets through seigniorage mechanisms.
Polaris Finance uses a seigniorage-based model, involving multiple tokens and liquidity pools to ensure the stability of its synthetic assets. This model adjusts the supply of tokens based on market demand to maintain their peg.
Unlike traditional stablecoins, Polaris Finance’s synthetic assets are maintained through a unique seigniorage model that uses a combination of multiple tokens and liquidity pools to achieve stability and predictability.
To participate in governance, you need to hold POLAR tokens. These tokens allow you to propose and vote on changes to the protocol through the platform’s governance portal.
Polaris Finance offers attractive rewards for liquidity providers, including staking rewards and a share of transaction fees, to encourage active participation and ensure the stability of the ecosystem.