AllianceBlock backed Nexera DEX eyes institutional adoption with decentralized KYC, AML


AllianceBlock said Nexera offers a decentralized trading experience that can compete with centralized platforms.

Cover art/illustration via CryptoSlate

DeFi infrastructure provider AllianceBlock has launched the Nexera decentralized exchange (DEX) on Ethereum (ETH) layer2 network, Arbitrum One, and integrated it with Uniswap (UNI) liquidity, according to an Aug. 15 statement shared with CryptoSlate.

Nexera Exchange

The Nexera DEX uses innovative designs incorporating advanced on-chain order book protocol. This allows it to provide deeper and more accessible liquidity for various digital assets.

How To Get Free Crypto  

A notable feature of Nexera is its leveraging of Uniswap V3 protocol’s liquidity. The firm said the integration allows users to place market orders and gain deeper insight into available liquidity at various price points for trading pairs.

According to AllianceBlock, Nexera’s next phase would add the ability to execute limit orders. It will achieve this by adding a stability staking pool and the NXRA token, incentivizing traders to use the platform because they could stake their assets and earn a part of its trading fees.

“Transitioning from market orders to limit orders will give users heightened control and deeper price insights, creating a more efficient trading environment,” it said.

Additionally, the protocol would enable Real World Assets tokenization and introduce innovative DeFi features such as Staking-Enabled On-Chain Orderbooks and Order-Triggering Matching.

AllianceBlock added that Nexera prioritizes optimized liquidity mechanisms with a more basic user interface, allowing it to offer a decentralized trading experience that can compete with centralized platforms.

Coinbase Banner  

Nexera wants to entice institutional users by being regulatory compliant

AllianceBlock revealed that one of Nexera’s goals is to become regulatory compliant, which would help attract financial institutions and institutional traders to enter the DeFi scene.

To achieve this, Nexera plans to introduce a decentralized know-your-customer and anti-money laundering process to verify its users. The DEX stated that it intends to keep its users’ right to anonymity by relying on zero-knowledge-proof technology for these processes.

Several DeFi protocols have struggled with the current regulatory environment, with the U.S. Securities and Exchange Commission (SEC) chairman Gary Gensler highlighting that non-compliance was rife in the crypto space.

Posted In: DeFi, Exchanges

AllianceBlock targeted by $12M exploit

Hacks 6 months ago 1 min read

AllianceBlock and the Intelligent Design of DeFi 2.0

DeFi Partner 2 years ago 6 min read

Go to Source
Author: Oluwapelumi Adejumo

Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

This site uses Akismet to reduce spam. Learn how your comment data is processed.