The DEXKIT live community update that was hosted on Friday 1/22/21 highlighted a number of platform developments. One of the BIG announcements was that the DEXKIT Dashboard demo is now live!
When released, the application will be the ONLY CRYPTO PLATFORM YOU WILL EVER NEED. It is an all-in-one tool for managing your crypto portfolio, researching coins and tokens across multiple chains, and analyzing trading information from multiple DEX protocols. The Dashboard app has been teased a few times, but now users will actually be able to use a demo version of it to see how it will look and function.
Some of the killer features of the dashboard include a multicurrency wallet, token and protocol explorers, and DeFi ‘transformer kits’ that will allow you to perform multi-step DeFi actions in a single transaction.
The wallet will house both ERC20 tokens along with other chains like BTC and DOT. The platform allows you to monitor your portfolio’s performance, and even perform swaps all without leaving the app. 2021 is looking to be a bullish year for crypto in general, but the projects that stand to gain the most are the new blockchain networks that are seeking to disrupt the current ecosystem. This is a big reason why DEXKIT is supporting alternate chains besides just Ethereum.
Token and protocol explorers will give you all the information you need about the trading history and price action of any token or pair. When it comes to DEXs, Uniswap is king. However, there are a number of other DEX protocols out there that offer superior liquidity for certain tokens. As the space grows, these protocols will grow with it. The dashboard will empower you with detailed analytics to easily seek out arbitrage possibilities and dig into metrics about your favorite tokens. In order to access this information with the current tools available, you would have to search multiple applications and sources and then somehow try to translate all of the information into a decision to buy or sell. DEXKIT streamlines and simplifies trading on DEX protocols making it easier to make informed trading decisions and increase profitability.
The DeFi transformer kits are a game-changer when it comes to being rewarded for providing LP, staking, and farming. The dashboard will allow you to monitor all of your DeFi positions and their performance. Let’s say you want to remove liquidity from and consolidate multiple positions to USDC. Transformer kits will allow you to perform these actions with a single transaction, saving you time and gas.
The DEXKIT exchange demo has been out for a few weeks and beta testers have been submitting feedback on the platform. Currently, the development team is prioritizing the implementation of the limit order and market buy/sell functionalities.
The DEXKIT exchange is an advanced DEX exchange that leverages powerful underlying aggregator technology to pool information from over 14 different DEX protocols. It features a cross-protocol order book, depth chart, and trading history. Users will be able to utilize information from any and all of these protocols to help them make well-informed trading decisions. Placement of limit orders will not incur a gas fee. This is achieved by making the ‘taker’ pay the gas. Whenever the price limit order that you have set is reached, a wallet to wallet swap is performed through the cross-protocol order book. Advanced users can also deploy arbitrage bots to automatically profit from price discrepancies within the mempool and other protocols.
DEXKIT makes trading and managing cryptocurrencies easy by doing all of the hard work of gathering information for you. The toolkit also provides advanced tools that make DEX trading more straightforward and profitable. This is what makes DEXKIT so special; IT IS THE ONLY CRYPTO PLATFORM YOU WILL EVER NEED.
Many of the advanced features on the dashboard and exchange require users to hold a set amount of KIT so make sure you stock up NOW!