Concordex, an advanced institutional-grade liquidity management DEX is delighted to announce its official launch on the Concordium blockchain.
As per the announcement, the launch is a step closing to bringing institutional-grade DeFi trading tools to the Concordium ecosystem. The launch follows Concordex’s recently completed testnet that saw 867 users open 3695 liquidity positions. In total, the entire process saw over 15,212 transactions completed.
Concordex leverages the Concorduim blockchain to bring comprehensive DefI and TradFi trading tools. By utilizing the regulatory-ready ecosystem, Concordex stands among the first regulatory-friendly DeFi platforms that pave the way for broader blockchain adoption. The project offers numerous features, including regular swapping, straightforward trading, concentrated liquidity, flexible fee levels for liquidity providers, and advanced liquidity management features. In addition, Concordex’s liquidity pools offer focused liquidity and multiple fee levels to help investors maximize their returns.
Commenting on the launch, Lars Seier Christensen, founder of Concordium, stated:
“It is a very important part of the Concordium ecosystem infrastructure that we now celebrate with the launch of the first DEX. With Concordex’s user-friendly and elegant design and ambitious plans for continued additional functionality, I strongly believe that this cutting-edge project will play its part in defining the future and setting the standards for compliant DeFi.”
Tacans Labs, DeFi venture studio, created Concordex. The Concordex core team includes Mathias Lundoe, award-winning entrepreneur Ivan Ivaschenko, James Davies, and Marie Tatibouet. Concordex raised $1.7 million in seed funding to fund the project, finding key investors, including Skynet Trading, Amdax, Seier Capital, Tacans Labs, and Concordium blockchain in December 2022.
Concordium is a permissionless and environmentally conscious Layer 1 blockchain ecosystem. The blockchain is created with a unique embedded identity verification layer that offers regulatory compliance and privacy for its users.
The blockchain provides a fast, secure, and high-scale platform, making it easy to build use cases and use dApps. Concordium stands out for having verified ID and instant finality with high throughput. It also offers users low transaction fees and token stability by pegging their native token to fiat. The project is still under development and hopes to launch on the Mainnet in Q3 2023.
