Hassan Maishera
AllianceBlock announced the launch of Nexera Exchange, an innovative new decentralized exchange platform, on Tuesday, August 15th.
In a press release shared with Cryptowisser, the team said the platform incorporates an advanced on-chain order book protocol to provide deeper and more accessible liquidity across a diverse range of cryptocurrencies and tokenized assets.
Nexera Exchange builds on last year’s launch of AllianceBlock DEX, which leverages the power of a cutting-edge Automated Market Maker to minimize the risk of impermanent loss for liquidity providers.
Nexera is designed to meet the demands for a more streamlined user interface and optimized liquidity mechanisms. According to AllianceBlock, Nexera serves as an intermediary layer, making AllianceBlock DEX more efficient and user-friendly.
Taking advantage of an innovative on-chain order book protocol allows Nexera to provide a decentralized trading experience that rivals the very best CEX platforms while amplifying the core strengths of AllianceBlock DEX.
High-End DEX Liquidity With Uniswap
Nexera Exchange has integrated with the Uniswap Protocol, allowing it to take advantage of the rich liquidity of Uniswap V3 and execute limit orders seamlessly while ensuring the best possible price.
The ultimate goal of Nexera is to become an on-chain limit order book aggregator that facilitates efficient liquidity access from across multiple DEXs to deliver the most optimal decentralized trading experience.
Nexera’s integration with Uniswap makes it possible for users to place market orders and gain deeper insight into available liquidity at various price points for trading pairs.
Nexera also seeks to make it possible for users to execute limit orders. By taking advantage of its limit,on-chain order book, limit orders will be securely stored on-chain, with the protocol determining the optimal match from either the order book itself or Uniswap V3’s liquidity pool.
Moving from market orders to limit orders will allow users to have more control and deeper price insights, creating a more efficient trading environment.
This transformation will be possible thanks to the addition of a stability staking pool to incentivize traders to actively participate in the platform. Users can stake their NXRA tokens and earn a portion of the trading fees from Nexera Exchange on a continuous basis, creating a mutually beneficial environment for all participants.
This move will boost the overall experience for Nexera Exchange users while augmenting the platform’s growth and liquidity and providing additional utility for the token itself.
Advanced DeFi Primitives
According to AllianceBlock, traders on Nexera can gain access to a wide range of new DeFi primitives in an upcoming update. This will deliver an enriched toolkit for advanced DeFi trading strategies.
The new primitives include Staking-Enabled On-Chain Order books, a novel approach wherein users can stake their orders on the blockchain to provide liquidity to the protocol, distinct from the standard liquidity provision model.
Other features that would be included are; Order-Triggering Matching to eliminate the continuous hustle of order matching; Yield-Optimized Staked Orders to generate passive yield; and Dynamic Range Order Book Provision to ensure optimal order execution and capital utilization.
Nexera To Provide A Secure & Compliant DEX Experience
Nexera seeks to redefine the DEX trading experience to support the concept of tokenized asset trading. Thus, enabling real-world assets (RWAs) to be traded with the same ease as digital tokens.
The transformation of the platform is designed to establish a fully transparent and compliant platform that meets all regulatory standards while gaining the trust of traders and investors.
Over the next few months, Nexera will usher in critical features, including decentralized KYC/AML procedures and gated liquidity pools to verify users and enhance security.
The team will also launch zero-knowledge proofs for users to comply with KYC without revealing their personal information.
Nexera will also introduce Fractionalized NFT Representation technology to support the tokenization of RWAs, followed by unique yield-generating DeFi strategies for users to provide liquidity for RWA fractions.
The platform will also implement high-level security mechanisms such as multi-factor authentication, advanced cold storage and consistent security audits.
AllianceBlock seeks to make Nexera Exchange a trading platform that can attract financial institutions and institutional traders into the DeFi ecosystem.
AllianceBlock is an infrastructure provider for decentralized tokenized markets. It empowers businesses with liquidity provisioning and allows them to compliantly issue, manage, and trade tokenized digital assets, including real-world assets (RWAs).
