Quitriam Finance Set to be a Key AMM Player Alongside Uniswap, PancakeSwap

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Several decentralized exchanges (DEXs) have emerged over the past couple of months due to increased retail adoption of cryptocurrencies and general interest in Web3, the metaverse, and non-fungible tokens (NFTs).

Quitriam Finance

has thrown its name into the mix of AMM players as it looks to provide users with a smooth trading experience that complements the services that already exist on the market. This will benefit users and the market as a whole as the cryptocurrency industry is underpinned by innovation, transparency, and decentralization.

This should come as good news to investors who want to back a project that is still in its early stage. Quitriam is in the presale stage where it is offering its tokens to the public at a cheaper price but for a limited time.s are different from centralized exchanges in that they eliminate all intermediary processes and allow traders to trade through smart contracts. There are no order books or custodial infrastructure as you would find on a centralized exchange.

When you trade on decentralized exchanges, you are trading against the liquidity parked in smart contracts.Quitriam FinanceQuitriam is not interested in just adding numbers to the AMM market but to address pain points that crypto traders have to endure every day.. This happens when you provide liquidity and the price of the assets your deposit changes. When this price difference is big, it could leave you with a loss in the value of your digital assets.

Users can stake their Quitriam Finance tokens and earn rewards that are paid out in the platform’s native governance token. Investors are free to unstake anytime they want to, and will only incur a low withdrawal fee of 2%. Those in the crypto long enough are aware of PancakeSwap. It is an AMM that enables trading without the need for order books. Its native token is CAKE and can be used for staking, the same way that users can stake CM on Quitriam Finance.

 

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