About Axis DeFi
AXIS will create an open financial system by building the first dedicated DeFi superchain. With complete Wall Street trading capabilities on-chain, it will bridge various DeFi assets across blockchains. Axis DeFi is the future of open finance.
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Tags
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0xecC0F1F860a82aB3b442382D93853C02d6384389 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.0577 | |
1 Day | $0.0577 | |
1 Week | $0.0577 | |
1 Month | $0.0577 | |
1 Year | $0.0559 |
FAQ
As mentioned in its lightpaper, the mission of the Axis team is to empower and enable a simplified and harmonized ‘Axis portal’. The Axis portal allows users to perform swaps using any part of the DeFi ecosystem. Axis effectively combines DEX aggregation and DEX routing in a revolutionary cross-chain, layer-2 DEX solution. In the process of DEX routing, the most liquid pool that is available is sourced for users to perform a swap. Users can reduce slippage (difference in expected and actual price) when performing a transaction by sourcing the most saturated liquidity pool. Next, DEX aggregation refers to the process of leveraging multiple liquidity pools to do a single transaction. The DEX aggregation functionality is necessary while swapping an amount of value above a certain threshold. The threshold can vary from token to token.
The main features of Axis include crypto-wide liquidity support and multi-currency and asset support. Further, Axis offers benefits such as 24/7 access to the market, high volume capacity, and other layer 2 solutions.
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