DEXes are one of the key building blocks Telcoin is using to bring TEL remittances, and every other future complementary financial product, to the masses. Uniswap is the most successful DEX in the world. This article first outlines key reasons why we chose to integrate DEXes into the Telcoin application, touches on how we will release each phase of our DEX roadmap, and goes into detail on how Uniswap works and how to use it.
In Diving into DeFi Volume 2, we explored the decentralized exchange (DEX) market, and announced our intention to utilizes DEXes as a key infrastructure layer of the Telcoin application. We made this design choice in order to:
- Create open, accessible, and highly liquid markets for TEL
- Satisfy consumer demand for TEL-denominated remittances and future product offerings
- Enable existing TEL holders to participate in providing liquidity to TEL remittance users, while earning fees
- Ensure execution, clearing, and settlement takes place automatically, on chain, without middlemen
There is simply no better way to offer a global crypto remittance product for the masses than by combining what Telcoin has already built with the added functionality of DEXes. And currently, the most successful DEX is Uniswap. read more