Monday, 23 October 2023 08:00 AM
Product Announcements
Next-generation decentralized exchange (DEX) goes live into mainnet on LightLink, an extraordinary layer-2 blockchain, offering unparalleled levels of capital efficiency and advanced trading tools to all.
LONDON, UK / ACCESSWIRE / October 23, 2023 / Elektrik is a leading-edge trading platform that offers a straightforward experience with minimal fees, diverse trading instruments, and enhanced capital efficiency. Its user-friendly interface presents financial data relating to DEXs in an easy-to-understand and customizable manner. Users can set up trading commands on the exchange that range from basic complexities like setting a maximum or minimum selling price to advanced complexities such as time-weighted average price (TWAP) orders. One of Elektrik's standout features is its ability to intelligently manage liquidity through machine learning techniques to increase returns for its liquidity providers. In essence, Elektrik aims to make advanced trading concepts more accessible to the everyday user.
Nathan Lenga, co-founder of the exchange explained that "Elektrik is where DeFi meets machine learning for the first time, seamlessly blending the two to unlock a new era of capital efficiency that we've only just begun to explore."
Elektrik is debuting on the mainnet as a Uniswap V3 fork (the most popular and adopted DEX) utilized by the new layer 2 network, LightLink. LightLink is a high-efficiency platform built atop Ethereum, the leading blockchain. Further, LightLink collaborates with major corporations, government initiatives, and even ventures into digital art, gaming, and decentralized finance (DeFi). What sets LightLink apart, and aligns it perfectly with Elektrik, is its capability to eliminate gas fees for end-users, as the application covers these transaction costs. LightLink has a plethora of partners across the industries and is poised to grow significantly in the following years. Elektrik and LightLink share a strong partnership, focused on expanding the new layer 2 network in terms of total value locked, active users, and transaction volume. With direct support from the LightLink Foundation, including grants and investments, Elektrik will be able to grow commensurate with LightLink's growth as its partnered DEX.
The mainnet launch marks a pivotal milestone for both Elektrik and LightLink. For Elektrik, the protocol will be able to make use of the large user base and a number of enterprises on LightLink, giving tradable value to presently illiquid tokens. For LightLink, this is the first protocol launching on its mainnet that focuses on DeFi. At this stage, Elektrik will only be launching its exchange application, not its token. However, plans are in place to introduce this asset, along with more intricate tokenomics and enhanced features, in early 2024. Nevertheless, at this stage, users will be able to leverage the gas-free nature of Elektrik when trading and earning yield as LPs.
Follow Elektrik on Twitter and join their Discord to become a part of its mainnet launch and Airdrop campaign.
Twitter: https://twitter.com/ElektrikNetwork
Discord: http://discord.gg/elektriknetwork
Website: https://elektrik.network/
Press Contact:
Sera Deliceli
Press email: [email protected]
Press phone: 07896352872
SOURCE: Elektrik