Dear users,
Hello! Newdex will launch "Newdex Swap" feature at 09:00 (UTC) on April 2, 2020 on PC and wallet Dapp. Newdex Swap is the Decentralized Exchange that implements the market maker model of constant product on EOS chain and provides an interface for users to seamlessly swap EOS coins on EOS chain.
You can use this function to:
1. Fast trading, you can quickly get the desired coins according to the current transaction price
2. Become a market maker and deposit market-making funds to earn users' swap fees
The specific operation process is as follows:
1. From Newdex homepage, find and select the "Swap" function.
2. If you want to trade quickly, please select "Swap"; you can enter the payment coin amount or enter the received coin amount based on the current price and click "Swap" to trade.
3. If you want to be a market maker:
Assets deposit operation: Please select the trading pair assets that you want to deposit first and then deposit the assets according to the proportion of the liquidity pool to get the corresponding certificate amount. (Note: Newdex deposits all swap transaction fees into the liquidity pool, and all of them are owned by the market makers)
Assets withdrawal operation: Please select the trading pair assets that you want to withdraw first and then enter the certificate amount to withdraw the corresponding proportion of assets, including the swap transaction fees of the assets. (Note: The certificate of the corresponding assets will be automatically destroyed by the system after withdrawing.)
Thank you for your attention and support to Newdex!
Newdex Team
April 2, 2020
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