GEDEX is a native cross-chain DEX designed for EVM networks. In simpler terms, it offers a user experience similar to Squid for cross-chain swaps, but achieves it natively in a single step, akin to ThorChain, while maintaining the same level of decentralization as Uniswap.
Key Features:
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Seamless Cross-Chain Trading: GEDEX enables the exchange of any pair of assets in a single step, simplifying the process.
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Single-Side Liquidity: Liquidity Providers (LPs) can contribute a single asset instead of a pair, unlike traditional pools.
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Impermanent Loss Compensation: The one-sided liquidity system, coupled with a novel AMM design, ensures that LPs are compensated for impermanent loss.
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Minimal Fees and Gas Costs: GEDEX's internal trade execution in a single step minimizes user costs.
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Decentralization: It does not rely on centralized stablecoins for liquidity transport between chains.
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Permissionless: Users have the freedom to add any asset to the exchange.
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Enhanced Security: We employ multiple bridges concurrently (Axelar, LayerZero, Chainlink) to verify the authenticity of cross-chain messages. In the event of a bridge being compromised, our protocol remains secure.
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Composability: Other protocols can leverage GEDEX to extend their services and offer a cross-chain experience.
GEDEX History
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applied to the The New protocol ideas Round 1 year ago which was rejected