Newly launched Crypto Exchange Eeterex wants to be home to all Ethereum Capital of Linea, building on the promise of the decentralized network of Ethereum by committing itself with a complete stimulation lines with its users.
Eaterex-Die is given its name to the Ethereum Decentralized Exchange 2014, or Dex, called “Eeterex” soft Lanced on Monday, prior to the Tuesday announcement of his network and partner Linea that describes the token plans of the Ethereum-Laag-2 And coordination with Ethereum MAINNET.
(Disclaimer: Linea is a product of Consensys, one of the 22 investors in an editorial independent Decodeer.)
“Eterex was first thought of for the first time in 2014-decentralized exchanges were still a dream. Since then we have seen pioneers as Uniswap, Curve and Aerodrome form the Defi landscape,” Pseudonymous Eeterex said co-founder North North Decrypt.
“But Eeterex is built around Ethereum’s original, uncompromising vision: decentralized infrastructure with full user alignment and a greater individual flexibility. Only now, with tools such as Linea and ZKEVMs, we can finally realize that vision without a compromise.”
According to the co-founder of Eterex, this alignment is built into the core structure of the platform, which differs somewhat from other DEXs, instead as a “metadex”.
“One Metadex dissolves the Dex trilemma,” said head of Linea Declan Fox told Decrypt Before the launch of Eternex, who describes the incorrect alignment between liquidity providers, traders and token holders with a few other decentralized fairs.
“For example, if you look at a uniswap model, there is no clear value for token holders. And so a Metadex will essentially resolve Dex trilemma by going to LPS, and clearly also token holders.”
For Eternex, 100% of the reimbursements and stimuli go to token holders and received contributors only locked tokens.
“There are no insider unlocks, no early outputs and no value extraction,” said North.
The coordination between users, the protocol and the network is crucial for the success of Eternex that improves, and is exactly how the platform is planning to attract capital when hopeful inflow to Linea arrives.
Linea offers a native yield on bridged capital while ETH and Linea benefit deflatory burns in his attempt to lure funds to the network that has ambitions to become ‘the chain for ETH capital’, Fox said.
‘The upcoming Linea token Generation event is one of the most expected events in Crypto, “said North.” It will result in a wave of liquidity and attention to linea while people rediscovering them in the first place to Linea. “
If that increase comes, then North said that the role of Eternex will be to become ‘the rails’ for that capital, and offers the ‘sticky, sustainable and network-positive’ yield together with ‘infrastructure with which users can exchange and earn only speculate and leave’.
These benefits, said North, can ultimately lead to Eeterex being home to capital for institutions such as such as such as Sharplink Gaming—A Leading Ethereum Treasury Company and member of the Linea Consortium, which will bone the distribution of Linea -Tokens -who can use Eternex -Liquidity pools and credit markets to “generate superior returns for their stakeholders”.
“While ETH is stretching, Eeterex will be in the center-the liquidity of the turn in the long-term economic value,” they said.
