Veax

Veax launched to address the limitations of current decentralized exchanges, particularly the complexity and inefficiencies plaguing liquidity provision and derivatives trading. Designed with scalability and user-friendliness in mind, Veax deploys a hybrid AMM architecture and TradFi mechanisms, bringing familiar financial instruments and modern risk management to DeFi.

Unlike traditional AMMs, Veax offers concentrated liquidity and variable fee levels, allowing liquidity providers to better manage risk and increase returns. It solves liquidity fragmentation by enabling all contributions to coexist within single pools using a smart routing engine. The platform also tackles impermanent loss with adaptable strategies and introduces liquidity management pools for non-professional users, helping them engage in DeFi without complexity.

Furthermore, Veax is working toward becoming a full-fledged on-chain derivatives platform. Its roadmap includes support for perpetuals, options, futures, and lending mechanisms, all managed with collateral-backed smart contracts and guided by transparent risk models. To support less-liquid assets, Veax introduces smart contract-based auctions to enable fair price discovery and reduce volatility risks.

The project is backed by a diverse team across Switzerland, Portugal, Poland, Ukraine, and the UK, and it has already reached substantial traction on NEAR, with over 64,000 users, 27,000 transactions, and more than $51 million in trading volume. Its growing ecosystem is supported by active community channels, including Twitter, Telegram, and Discord. Competitors to Veax include other AMM-focused DEXs such as Uniswap, Curve, and SushiSwap, but Veax differentiates itself through unique TradFi functionalities and deeper liquidity innovation.

Veax provides numerous benefits and features that make it a standout project in the DeFi ecosystem:

• Adaptable Liquidity Pools: Veax introduces highly customizable liquidity pools where users can define the fee levels and contribution method, enabling more efficient capital use.
• Liquidity Management Layer: Non-professional investors can delegate capital to an automated layer that dynamically manages liquidity based on heuristics.
• Smart Routing Engine: Ensures best price discovery by computing the optimal route across fragmented liquidity sources.
• Orderbook-Like UX: Provides a familiar interface with advanced tools, combining the simplicity of AMMs with the precision of centralized orderbooks.
• Derivatives Support: Upcoming integration of futures, options, and margin trading with sophisticated collateral and risk management.
• On-Chain Auctions: Facilitates price formation for illiquid assets with smart contract-based periodic auctions and follow-on trading.
• Advanced Dashboard: A full-featured interface for tracking, managing, and optimizing liquidity positions across all pools.
• Governance Participation: Structured governance enables community-led development and roadmap decisions via staking.

Veax offers a straightforward onboarding process for new users who want to explore decentralized trading on NEAR Protocol:

• Create a NEAR Wallet: Before using Veax, users must set up a wallet on the NEAR Wallet platform.
• Visit the Veax DEX: Go to the Veax DEX app to begin trading or adding liquidity.
• Connect Your Wallet: Link your NEAR wallet to Veax by clicking “Connect Wallet” in the top-right corner of the app interface.
• Choose Your Action: Select from creating a new liquidity pool, adding liquidity, swapping tokens, or exploring governance proposals.
• Understand the Tools: Explore advanced tools such as single-sided liquidity provision, multiple fee levels, and smart contract OTC trades.
• Earn Rewards: Participate in liquidity pools and governance to earn swap fees and token incentives.
• Stay Informed: Follow official Veax channels on Twitter, Telegram, and Discord for the latest updates, guides, and community engagement.