Veax Labs Launches Public Testnet For Its Advanced NEAR-Based DEX

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Schwarzenbach, Switzerland, 31st January, 2023, Chainwire

Veax Labs is excited to announce that it has officially launched the public testnet for its advanced NEAR Protocol based decentralized exchange (DEX). The platform, which seamlessly bridges features commonly found in the traditional finance (TradFi) market with decentralized infrastructure, hopes to bring a fresh value proposition to the DEX market.

The Veax platform offers a wide range of features including advanced liquidity management, adaptable exchange pools, true margin and derivatives trading, a seamless orderbook UX and more. The company recently published an in-depth article covering its unique concentrated liquidity offering which enables an increase in capital efficiency, leading to capital optimization for liquidity providers that maximizes returns over time.

Following the testnet launch, the Veax team is set to host a series of live product walkthroughs on the company’s YouTube channel daily between Wednesday and Friday at 12pm UTC. Next week, Veax will launch its Rewards Program, which is set to reward early users of the platform’s testnet. Users will be rewarded for using different features on the platform and providing feedback to the team.

“We’ve set out to develop a platform that’s built differently from its peers, prioritizing both form and function. Veax successfully integrates many features usually reserved for the traditional finance market, while offering advanced and truly unique liquidity management features. We’re excited to finally show off the platform to our community and the wider crypto market,”