KADDEX

IS A PART OF THE KADENA ECOSYSTEM

INNOVATIONS

OF THE WORLD

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Kaddex is a decentralized exchange in the Kadena ecosystem. Kadena was founded by two J.P Morgan alumni who felt the biggest challenge with the blockchain and DeFi was scalability. In 2016 they created a new type of blockchain technology that solves the blockchain trilemma of security, scalability, and decentralization. Kadena uses a braided multi-chain framework as well as an advanced smart contract language called PACT that enables formal verification of smart contracts, leading to a more secure DeFi ecosystem.

 

Kaddex holds a critical role within the greater Kadena ecosystem. Ultimately, it will offer numerous useful tools and products to serve the community. Primarily, Kaddex is a decentralized exchange for swapping various crypto assets. Kaddex is also working to improve every Kadena user’s experience through X-Wallet, a Kadena-native web-extension and mobile wallet that seamlessly integrates with the Kadena Blockchain.

X-Wallet is the crypto wallet of the Kadena ecosystem where users have secure access to their tokens. They are building a wallet with a user-friendly interface, making use of Kadena’s Gas Station smart contracts. That means transactions within X-Wallet are completely gas-free for users, who don’t have to pay any transaction fees for moving crypto in and out of their wallet.

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Kaddex is also trying to resolve some of the security challenges within the blockchain – mainly around the issues of DAOs, or Decentralized Autonomous Organizations. Taking a research driven approach to forming DAOs, Kaddex is working to introduce new technologies that counteract many different attack vectors found within the current DeFi landscape, moving web3 towards a more secure future for all.

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