TRAMS DEX to Extend the Migration Schedule from Uniswap
November 19, 2020
The much anticipated liquidity migration onto TRAMS DEX was temporarily put on hold for observation based on the recent -40% decline in Uniswap’s liquidity
In accordance with TRAMS community investors concern, TRAMS DEX has temporarily postponed our Uniswap liquidity migration that was originally scheduled for the 19th of November. As a part of risk mitigation structure, this temporary observation period was implemented to ensure maximum community investors’ safety and community protection.
Since November 17th, Uniswap ended their liquidity mining rewards program. This caused an abrupt liquidity withdrawal from Uniswap to the effect of -40% total value locked (TVL). This incident, together with blockchain being an evolving technology and DeFi being relatively new, TRAMS DEX team decided on best practice to mitigate any possible “unforeseen” adverse effects the liquidity avalanche may have triggered. The observation period would allow our blockchain and smart contract master developers to better prepare the migration process while allowing a reasonable period for Uniswap to resolve any reward refunds or lost settlement issues. …
Open DeFi Protocol Powering the Future of Decentralized Crypto Trading
Blockchain technology has definitely come a long way, from the days of relative obscurity (think “Bitcoin pizza”) to the present. Throughout its decade-long history, it’s been a rollercoaster ride characterized by historic bull runs, ICOs, exit scams and the rapid development of the blockchain industry, particularly the cryptocurrency space.
The year is now 2020, and blockchain has evolved into a well-rounded technology. Decentralization is now a key part of the blockchain landscape, in the form of decentralized finance, or DeFi. …
Preface to TRAMS DEX and TRAMS token
The DeFi evolution has allowed better and faster user interactions with digital assets. With the innovation of Automated Market Maker solution, traders can easily exchange digital assets at any time with guaranteed market supplies from the liquidity pool without giving up the custody of their digital assets. Decentralized exchanges also create open access opportunities for participation without any controlling institution.
One of the most successful DeFi project examples utilizing AMM measured by TVL is Uniswap. Many DeFi projects are trying to improve on the AMM design with creative features such as Sushiswap and SakeSwap. …
Decentralized Finance is the latest disruptor coming out of the blockchain and cryptocurrency space. DeFi connects decentralized financial tools and makes them available to everyone.
If you haven’t already, make sure to read Part 1 of this article to learn more about decentralization and how it is changing the finance sector.
DeFi Connects dApps like LEGOs
Decentralized Applications (dApps) created to work within the Decentralized Finance (DeFi) space are what make the shift towards DeFi possible. “Money Legos,” or “LEGOs” here for short, are what people in the space call these DeFi dApps.
These Dapps are popularly referred to as LEGOs because their individual functions tend to work together easily. In some cases, they even directly connect with each other to improve the user experience.
How do LEGOs work?
Say, for example, a person wants to keep their savings out of the banks. However, they’re afraid of the market fluctuations associated with holding cryptocurrencies. This person could opt to hold their savings in stablecoins (i.e., coins pegged to the value of an asset like the US dollar). …
As the blockchain and cryptocurrency sector continues to develop, Decentralized Finance is quickly rising as a key alternative to traditional financial systems.
What is Decentralized Finance?
A Call for Change: A (Very) Brief History of Decentralization
The Catalyst
Access to traditional banking is a luxury. As of 2018, over 1.7 billion adults worldwide remained unbanked. The key causes stated for this were: a perception of not needing a bank account due to not earning enough cash; having a family member with an existing bank account; not having any banks in close proximity; and/or a general distrust of the banking system.
Though the latter was a rather subjective reason, that sentiment was shared by over 20% of people surveyed. The fact is, even global financial service giants fail. In 2008, for example, Lehman Brothers, a firm with US$639 billion in assets, filed for bankruptcy. …
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