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Common AMM Launches on Aleph Zero, Ushering in the Ultimate Zero-Knowledge DeFi Suite

5/23/24

By:

Ajitha

Common AMM Launches on Aleph Zero, Ushering in the Ultimate Zero-Knowledge DeFi Suite

Common AMM Launches on Aleph Zero, Ushering in the Ultimate Zero-Knowledge DeFi Suite
  • Launch Announcement: Cardinal Cryptography launches Common AMM on Aleph Zero.

  • First Mainnet Release: Common AMM is the initial release of the novel DeFi platform, Common.

  • Decentralized Exchange: Positioned as a DEX with a user-friendly trading experience.

  • Built-in Bridge: Includes a bridge between Aleph Zero and Ethereum, called MOST.

  • Key Features:Liquidity Pools and Farming: Users can provide liquidity and earn through farming.
    Bridging: Seamlessly move assets between Aleph Zero and Ethereum.
    Swapping Mechanism: Enables straightforward token exchanges starting May 23rd.

  • Future Upgrades: Privacy-enhanced order book, institutional trading solutions, and support for EVM-based blockchains.

  • Common Drops Campaign: Rewards community engagement with non-transferable tokens, redeemable for CMN.

  • Privacy and Compliance: Balances stringent compliance with financial privacy.

  • Aleph Zero's Role: Emphasizes on-chain privacy, robust security, and high performance.

  • User Engagement: Encourages staking AZERO and providing liquidity to participate in Common Drops.

  • Accessibility: Users can try the app on the Aleph Zero Mainnet and read the Common Whitepaper.

#Web3 #DeFi #Blockchain #Crypto #DePINWorld

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