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Delta Exchange launched the first AMM pool for cryptocurrency and a new token called DETO. It has been available on the stock exchange since the end of September. These solutions bring with them many new opportunities for digital markets, such as increasing liquidity, democratizing market-shaping processes and better access to it for retail clients.
New Delta Exchange tools
At the end of September Delta Exchange launched the first centralized pool Automated Market Maker (AMM) dedicated to cryptocurrencies. A new one was launched at the same time token DETO. It was also used to pay rewards to those liquidity providers that block BTC be USDT in the pot, except for returns generated by market movements. These events aroused great interest among the cryptocurrency community.
Contracts and DETO token
The Delta Exchange offer currently includes 54 contracts, the subject of which are, among others indefinite swaps, futures contracts and interest rate swaps in combination with BTC or USDT.
The stock exchange was the first to introduce trading in LEND, KNC and YFI futures. The DETO token was launched with an initial pool of 500 million tokneów, of which 100 million was allocated to additional prizes, including for liquidity providers. Distribution takes place daily, and in addition, according to the declaration of Delta Exchange, 25 percent. fees charged via the platform will be used to buy back DETO tokens on the market. They will enter the pool again in the form of new prizes.
The earned tokens can be used to pay commission on the platform or as security for the future. Additionally, Delta Exchange has launched private sale of DETO tokens, spread over three rounds, and amounting to 175 million tokens.
Delta Exchange success
Delta Exchange representatives do not hide that they feel very satisfied with the introduction of DETO. As a result, it became one of the first centralized exchanges to implement AMM in order to increase liquidity as well as democratize the processes of shaping the market. At the same time, these processes have also become available to retail customers. Also noteworthy is the fact that AMM increases the liquidity of the Delta Exchange order books, improving the trading space and providing traders with more opportunities to evaluate the platform.
