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Why EmpireDEX? Part 1 — Overview

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Why EmpireDEX? Part 1 — Overview

EmpireDEX is a next generation cross-chain AMM with a range of additional features that empower developers with the tools to expand their projects and build innovative new DeFi functionality. Users…

Part 2 — Traders & Token Holders

Part 3 — Liquidity Providers

Part 4 — Partners

Part 5 — Developers

EmpireDEX is a next generation cross-chain AMM with a range of additional features that empower developers with the tools to expand their projects and build innovative new DeFi functionality. Users of EmpireDEX can trade any token on any connected network with any other token on a connected network through Cross Chain Swaps.

EmpireDEX utilises Prism Network to facilitate cross-chain features that offer incredible flexibility for users to move value between networks. For liquidity providers on the EMPIRE tokens for each network, users can earn a share of total trade volume on that network.

EmpireDEX includes a suite of tools to developers such as the in-built access to Weaponised Liquidity or from a range of our Integration Partners’ features.

This series will be split into four parts, each covering why EmpireDEX is useful for:

  • Developers
  • Liquidity Providers
  • Partners
  • Token Holders & Traders

For those asking, “Why should I use EmpireDEX over ___ exchange?”, the quick answer is that EmpireDEX:

  • Shares profits from the total trade volume to EMPIRE LP holders as a stablecoin. Basically allowing holders to earn a passive income based on the DEX’s trading. EMPIRE LP holders can also stake their tokens in farming pools for even more earnings.
  • Gives access to a suite of tools for developers, including access to our Integration Partner projects as well as built-in locks for individual and communities LP’s and of course Weaponised Liquidity which is a powerful tool for utilising backing tokens in an LP pair that would otherwise be unusable.
  • Is growing to become a multi-chain DEX, becoming a nexus for cross-chain swaps. Using Prism Network and the PRISM token, traders will be able to swap any token on the exchange with any token on any connected networks EmpireDEX. So you could trade BNB on BSC directly for FTM on Fantom. Not only is this great for giving options for traders, it enables developers access to cross-chain integrations and will bring in volume from cross-chain transactions and thus attract Liquidity Providers. By integrating EmpireDEX into various network’s Exchange Aggregators, EmpireDEX becomes part of the infrastructure of DeFi in facilitating movement of value between the connected networks in Prism Network.

There is a lot more to go over, which will be covered in the subsequent articles in this series. Our vision for EmpireDEX is to become a hub for cross-chain transactions, to build the infrastructure DeFi needs to expand and grow further. Through Prism Network, we aim to connect as many networks and blockchains together as possible with bridges that are fast, decentralised and cheap as possible. Our goal is a more accessible, better connected and truly interoperable ecosystem that will help drive further developments and innovation in the blockchain & cryptocurrency space.