Surely when participating in the DeFi market, you are familiar with projects working on each area such as AMM, there are Uniswap, Sushiswap, Trader Joe… Derivatives, there are dYdX, GMX,… However today Together, you and I will learn about a project that can meet all types of transactions for users, KriyaDEX.
To understand more about KriyaDEX, people can refer to some of the articles below:
- What is DEX? The Role Of DEX In DeFi
- What is Sui (SUI)? Sui Cryptocurrency Overview
What is KriyaDex?
Overview of KriyaDex
KriyaDEX is a decentralized exchange on the SUI Blockchain. Compared to other exchanges, KriyaDEX is not just an AMM or a derivatives exchange, KriyaDEX provides all types of transactions in the DeFi market, you can also swap, trade or trade futures contracts. hybrid, options contracts on only one application, KriyaDEX.
Main products of KriyaDEX
First, KriyaSwap is an AMM for spot transactions on Kriya, currently the project is supporting transactions for a number of tokens such as: MOVE, USDCbnb, USDCCeth, SUI, USDT, PepeGoat, SPEPE and WETH. Currently everyone can participate in providing liquidity in several project pools to receive rewards of SUI tokens and Kriya tokens.
The second product of the project is Pro Trading. It is an orderbook DEX, designed with a fairly user-friendly interface, similar to major exchanges like Binance. People can easily place limit orders and transactions will be made and take place onchain. However, currently the project only supports 5 trading pairs with a relatively small liquidity depth.
The third is the futures contract exchange. The project provides the ability to trade perpetual and forward futures contracts for users with maximum leverage up to 20 times. However, the product has not yet been launched on the project website.
The final product in KriyaDEX’s product suite is the options trading platform. However, similar to Perpetual, the product has not yet been launched.
Development roadmap
- January 2023: Successfully raised capital from Alpha Wave fund and Cogitent Ventures
- February 2023: Launch of DEX Perp v1 platform testnet
- March 2023: Twitter reached 30k followers, Discord reached more than 20k
- April 2023: Won the Judge award at Sui Demo Day. Complete Audit by MoveBit
- May 2023: Launch of AMM platform
- June 2023: Launching Chakra onchain service
- July 2023: Audit and mainnet Perpetuals DEX
- August 2023: IEO + retroactive for the community. Launched v1 OTC platform.
- October 2023: Launch of NFT platform
- November 2023: Launch of DEX Perp v2
Core Team
Update…
Investors
The project announced it has partners with Shinami, Wormhole, Ethos, Alpha wave and Cogitent Venture.
Tokenomics
Information about KriyaDEX Tokens
- Token name: Kriya token
- Ticker: KRIYA
- Blockchain: SUI
- Total supply: 100,000,000
Token Allocation
- Protocol Reward: 40.7%
- Team & Advisors: 20%
- Treasury: 18%
- Private Rounds: 13.3%
- Ecosystem: 3.3%
- Token Liquidity: 3%
- ICO: 1.7%
Exchanges
Update…
Information Channel About KriyaDex Project
- Website: https://kriya.finance/
- Twitter: https://twitter.com/KriyaDEX
- Discord:
Summary
SUI is a Layer 1 Blockchain that is growing very quickly. To keep up, KriyaDEX needs to quickly complete the products in its ecosystem. At the same time, products must be creative, attractive, liquid and attract users to transact. Only then can the project compete with other large projects on the market.